Announced Thu, 13 Aug · 13:30 IST
Lancor signs JDA for Chennai luxury project, Q1 PAT at Rs 17.24 cr
LANCORHOL · price
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Price reaction · full curve 14 horizons · vs prior close
+10.9%1-day move
₹25.93
prior close
₹27.82
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.9+13.4+7.4+4.7+13.0—————
Up moveDown movePending
AI summary
Lancor signed a Joint Development Agreement for 20 luxury apartments on 1st Seaward Road, Chennai, named Lancor Kamalam. The companys share is 10 apartments. For Q1 FY27 ended June 2026, PAT was Rs 17.24 crores, of which Rs 15.33 crores came from sale of half floor of commercial property Menon Eternity and Rs 1.91 crores from core operations.
Likely market impact
New project adds to future revenue pipeline. Q1 profit largely boosted by one-time commercial sale, recurring earnings are modest.