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August 30, 2015 2:20 AM ET

Real Estate Management and Development

Company Overview of Lavasa Corporation Limited

Company Overview

Lavasa Corporation Limited develops, manages, and sells a hill city in India. Its development portfolio comprises villas and apartments, studios and serviced apartments, and rental and retiree housing. The company’s portfolio also includes hospitality, tourism, health and wellness, education, IT/ITES, non-polluting industry, professional services, convention centre, and city management services sectors; schools and colleges, playgroup and nursery schools, management institutes, executive education centers, post graduation institutes, adventure training institutes, vocational institutes, and sports academies; and budget and luxury hotels, clubs, resorts and spas, cricket grounds, golf courses...

Hincon House

11th Floor

247 Park

Lal Bahadur Shastri Marg, Vikhroli (West)

Mumbai,  400083

India

Founded in 2000

801 Employees

Phone:

91 22 4025 6000

Fax:

91 22 4025 6889

Key Executives for Lavasa Corporation Limited

Chief Executive Officer and President
Age: 56
Chief Financial Officer
Age: 60
Deputy Chief Operating Officer
Age: 41
Chief Town Planner, Chairman of SPA and Chief Executive Officer of SPA
Age: 69
Senior Vice President of Marketing
Age: 46
Compensation as of Fiscal Year 2015.

Lavasa Corporation Limited Key Developments

ICICI Bank Sells INR 2,500 Million Lavasa NCDs to Arcil

ICICI Bank has sold INR 2,500 million of non-convertible debentures issued by Lavasa Corporation. The private sector lender had bought these NCDs at a coupon of 9% per annum that is secured with the company's 747 acres.

Lavasa Corporation Limited Reports Audited Standalone Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

Lavasa Corporation Limited reported audited standalone earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported net sales/income from operations of INR 715.635 million against INR 952.650 million a year ago. Profit from operations before other income, finance charges & Exceptional items was INR 1,133.155 million against INR 2,095.895 million a year ago. Loss from ordinary activities before tax was INR 614.709 million against INR 405.227 million a year ago. Net loss for the period was INR 437.573 million or INR 0.58 per share before and after extraordinary items against net profit for the period of INR 272.763 million or INR 0.33 per share before and after extraordinary items a year ago. For the six months, the company reported net sales/income from operations of INR 2,571.571 million against INR 1,714.220 million a year ago. Profit from operations before other income, finance charges & Exceptional items was INR 2,941.925 million against INR 2,218.739 million a year ago. Loss from ordinary activities before tax was INR 484.901 million against INR 79.721 million a year ago. Net loss for the period was INR 369.148 million or INR 0.50 per share before and after extraordinary items against INR 57.465 million or INR 0.11 per share before and after extraordinary items a year ago.

Lavasa Corporation Limited, Board Meeting, Apr 27, 2015

Lavasa Corporation Limited, Board Meeting, Apr 27, 2015. Agenda: To consider and approve audited standalone earnings results for the second quarter and six months ended March 31, 2015.

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