KBC Global may become multibagger due to strong demand expectation

13 Apr 2022 , 09:35 AM

Real estate companies are witnessing an upward movement in their stock prices due to higher prices of commodities like metals, cement, etc. Further, with the growing demand of affordable housing investors are now keen to invest in the real estate sector. Given the higher cost of inventory like metals and commodities coupled with fuel price hike of 10-15%, the real estate companies have increased the project costs by 8-15%, leading to a favourable scenario for real estate.

Nasik based construction & real estate company, KBC GLOBAL (NSE and BSE listed) deals in affordable housing projects in Nasik, Maharashtra.

The company’s EBITDA has increased by 72.64% followed by higher net profit, up 115.42% from Rs20.83mn in Q2FY21 to Rs44.87mn in Q2FY22. PAT margin has also increased to 21.31% in Q2FY22 from 9.72% in Q2FY21.