Real estate stock jumps 13% after reporting 321% YoY revenue growth in Q3

The shares of this leading real estate company gained up to 13 percent after the company’s net profit and revenue stretched by 122 percent and 321 percent YoY, respectively in Q3FY25.

Price Action

With a market capitalization of Rs  929.53 crore, the shares of GeeCee Ventures Ltd were trading at Rs 444.50 per share, increasing around 7.72 percent as compared to the previous closing price of Rs 412.65 apiece.

Reason for Rise

The shares of the company have seen bullish movement after GeeCee Ventures Ltd reported positive results in Q3FY25, revenue increased by 103 percent on a quarter-on-quarter basis from Rs. 29 crore in Q2FY25 to Rs. 59 crore in Q3FY25. Further, revenue zoomed by 321 percent year on year, from Rs 14 crore in Q3FY24 to Rs. 59 crore in Q3FY25.

The company’s net profit increased by 54 percent on a quarter-on-quarter basis, from Rs. 9 crore in Q2FY25 to Rs. 20 crore in Q3FY25. Further, net profit magnified significantly by 122 percent year on year from Rs 13 crore in Q3FY24 to Rs. 20 crore in Q3FY25.

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Recent Developments

The company develops residential and commercial projects while investing surplus funds in risk-free Inter-Corporate Deposits and interest-bearing financial instruments. Additionally, it operates 5.35 MW Wind Turbine Generators in Jodhpur, diversifying its revenue streams with a mix of real estate and renewable energy investments.

Financial Metric

In the return ratios, the return on equity (RoE) in FY24 stood at around 6.17 percent, and the return on capital employed was around 7.18 percent. The debt-to-equity ratio stood around 0 as of FY24. 

Company Profile

GeeCee Ventures Limited is an India-based holding company. The Company is engaged in the business of real estate development, power generation, and financing & investing activities. Its businesses include manufacturing, construction, financial Services & trading.

Written by Abhishek Singh

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