Real estate stock jumps 5% after company’s board approves 1:2 stock split
Real estate stock jumps 5% after company’s board approves 1:2 stock split
The real estate industry in India has been a focal point of attention in recent times, with significant developments and transformations shaping the sector’s future.
AGI infra at the centre of this story has announced a significant move—a stock split. This strategic decision aims to enhance the accessibility and liquidity of the company’s shares, potentially attracting a wider investor base and driving increased interest in the organisation.
Share Price Movement
The share price of AGI Infra Limited went up by 5.07 percent to Rs. 1,690 per share on Monday, an increase from its previous close of Rs. 1,608 per share. The market capitalisation now stands at approximately Rs. 2,034 crore as of December 02, 2024.
What happened
The company’s Board of Directors has approved a split of each equity share of the company, where each equity share having a face value of Rs. 10/- (Rupees Ten only) shall be subdivided into 2 (Two) equity shares having a face value of Rs. 5/- each.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, AGI Infra’s consolidated revenue from operations has increased by 9.85 percent YOY from Rs. 71 crore in Q2 FY24 to Rs. 78 crore in Q2 FY25 and increased by 6.8 percent QoQ from Rs. 73 crore in Q4 FY24.
The company’s consolidated net profit has increased by 21.42 percent, from Rs. 14 crore in Q2 FY24 to Rs. 17 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has stayed the same QoQ.
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Market Outlook
The real estate industry in India is expected to see promising growth in the coming years. According to the information provided, real estate demand for data centres is projected to increase by 15–18 million sq. ft. by 2025. Additionally, the luxury home segment has seen a 75% surge in sales in 2023, indicating growing investment in the sector.
The government’s policy support, such as allowing FDI of up to 100% for townships and settlement development projects, is further driving investment. Overall, the industry shows a 9.2% CAGR from 2023 to 2028, driven by urbanisation, rental market expansion, and property price appreciation.
Shareholding Pattern
As of the December 2024 shareholding pattern, AGI Infra Limited is primarily held by the promoters at 72.95 percent, foreign institutional investors hold 0.03 percent, and the public with 27.01 percent.
About Company
AGI Infra Limited, headquartered in Jalandhar, Punjab, has emerged as a prominent player in India’s real estate market. Established in 2005 as G.I. Builders Pvt. Ltd., it transitioned to AGI Infra Limited in 2011. The company specialises in residential and commercial construction, with a strong emphasis on affordable housing. Its commitment to quality, timely delivery, and innovative designs has earned it a reputable position in the sector.
AGI Infra’s notable projects include Jalandhar Heights, a large-scale residential complex, and AGI Sky Garden, recognised under the Pradhan Mantri Awas Yojana for affordable housing excellence. Urbana Township, spanning 52 acres, is another testament to its expertise. The company’s dedication has earned accolades like inclusion in Forbes Asia’s Best Under A Billion list in 2023 and the Atul Achieve Award for contributions to affordable housing.
Under Managing Director Sukhdev Singh Khinda, AGI Infra focuses on sustainable construction and customer satisfaction. It continues to redefine real estate through innovation and a commitment to community well-being.
Written By Fazal Ul Vahab C H
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