Shares of Deepak Builders Ltd shot up 6% on 26 June after the company reported that it had received a Letter of Acceptance (LoA) for the development of a mall in Haryana. The project is anticipated to cost Rs 142 crores.

According to an exchange filing, the Delhi-based builders have received a Letter of Acceptance from the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).

On 3 June, the company was announced as the lowest bidder (L1) and was subsequently selected for the development of Unity Mall in Karnal, Haryana.  

This project would include the planning, design, engineering, procurement, and construction of Unity Mall.

According to the exchange filing, the project will be executed and completed in 24 months from the date of work beginning, with 36 months for defect liability and 12 months for operation and maintenance.  

In Q4 FY25, the company’s net sales increased by 18.73% to Rs 224.32 crore, up from Rs 188.94 crore in March 2024.

In March 2025, the company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was Rs. 24.28 crore, a 54.81% decrease from the same quarter the prior year.  

At 3:00 pm, the shares of Deepak Builders were trading 2.57% higher at Rs 146.05 on NSE.

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