Hubtown Gets Transferrable Development Rights for 11,000 Square Meters; Stock Price Up By More Than 1.6% Today
By Ankur Chandra | Published at: Jun 3, 2025 01:47 PM IST
Mumbai, June 3, 2025: Hubtown Limited (NSE: HUBTOWN, BSE: 532799) has received an allocation of 11,000 square meters of Transferable Development Rights (TDR) from the Maharashtra Industrial Development Corporation (MIDC) and the Municipal Corporation of Greater Mumbai (MCGM). This development is tied to the company’s slum rehabilitation initiative in Andheri (East), Mumbai, and is expected to enhance the company’s land bank and project execution potential.
Key Project Development
The TDR allocation serves as partial consideration for the rehabilitation project. It is at par with the company’s urban redevelopment strategy in Mumbai’s high-density corridors. TDRs offer developers additional Floor Space Index (FSI), which they can use or monetise for future projects, particularly in prime zones like Andheri and the western suburbs.
Stock Market Reaction and Financials
Following the announcement, Hubtown’s stock price opened at ₹182.99 and touched an intraday high of ₹183.29 before dipping to a low of ₹177.65. At around 12:08, it was trading at ₹178.83. The volume-weighted average price (VWAP) for the day stood at ₹180.78.
Share Price & Market Metrics (As of June 3, 2025)
| Metric | Value |
|---|---|
| Previous Close | ₹179.15 |
| Day’s High | ₹183.29 |
| Day’s Low | ₹177.65 |
| VWAP | ₹180.78 |
| Market Capitalization | ₹2,467.80 crore |
| Free Float Market Cap | ₹765.99 crore |
| 52-Week High (30-Sep-2024) | ₹344.30 |
| 52-Week Low (05-Jun-2024) | ₹117.90 |
| Annualised Volatility | 62.09% |
| Daily Volatility | 3.25% |
| Face Value | ₹10 |
Financial Performance
For the quarter ended March 31, 2025, Hubtown reported:
- Standalone Revenue: ₹10,000 lakh
- Standalone Net Profit: ₹2,989 lakh
- Earnings Per Share (EPS): ₹2.27
On a consolidated basis for the same quarter:
- Revenue: ₹14,076 lakh
- Net Profit: ₹189 lakh
- EPS: ₹0.33
The company’s shareholding pattern as of March 2025 includes 32.09% held by promoters and 67.91% by public investors.
Strategic Outlook
Hubtown’s receipt of TDR will enable the company to strengthen its asset base and support its strategy of leveraging public-private partnerships to drive urban transformation. The company has consistently focused on infrastructure-rich, strategically located projects, and this move reinforces its pipeline.
Founded in 1989, Hubtown has delivered landmark residential and commercial projects, maintaining a reputation for timely execution and market relevance. With real estate demand remaining firm in Mumbai, especially in redevelopment segments, Hubtown is well-positioned to monetise these TDRs effectively over the coming quarters.
For further investor queries, contact:
Shivil Kapoor, Company Secretary
investorcell@hubtown.co.in
+91-22-25265000
Website: www.hubtown.co.in
REF: https://nsearchives.nseindia.com/corporate/HUBTOWN_03062025111028_Press_Release_-_TDR_announcement-signed.pdf
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