Ashiana Housing Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Ashiana Housing Ltd reported a 135.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 26.1%.
- Its expenses for the quarter were up by 71.3% QoQ and down 22.4% YoY.
- The net profit decreased 244.2% QoQ and decreased 60.8% YoY.
- The earnings per share (EPS) of Ashiana Housing Ltd stood at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 139.93 | 59.53 | 189.24 | 135.1% | -26.1% |
Total Expenses | 119.97 | 70.02 | 154.65 | 71.3% | -22.4% |
Profit Before Tax | 14.96 | -10.49 | 34.59 | -242.6% | -56.8% |
Tax | 4.07 | -2.94 | 6.80 | -238.4% | -40.1% |
Profit After Tax | 10.89 | -7.55 | 27.79 | -244.2% | -60.8% |
Earnings Per Share | 1.10 | -0.80 | 2.80 | -237.5% | -60.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ashiana Housing Ltd is a prominent player in the real estate sector, primarily focusing on residential developments. The company is known for creating senior living communities, mid-income housing, and comfort homes across various cities in India. Ashiana Housing has established a reputation for quality construction and timely delivery, catering to a niche clientele seeking affordable yet high-quality living spaces. As of the latest available data up to October 2023, any new developments or strategic changes in the company's operations or product offerings have not been specified.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Ashiana Housing Ltd reported a total income of ₹139.93 crores. This reflects a significant increase of 135.1% from the previous quarter (Q2FY25), where the total income stood at ₹59.53 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there is a noticeable decrease of 26.1%, as the total income was ₹189.24 crores. The fluctuations in revenue over the quarters and year demonstrate varying levels of business activity and sales performance.
Profitability
Ashiana Housing Ltd's profitability in Q3FY25 shows a mixed performance. The company achieved a profit before tax (PBT) of ₹14.96 crores, a significant turnaround from a loss of ₹10.49 crores in Q2FY25, marking a QoQ change of -242.6%. However, this represents a decline of 56.8% compared to the PBT of ₹34.59 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) in Q3FY25 was ₹10.89 crores, compared to a loss of ₹7.55 crores in Q2FY25, indicating a QoQ improvement of -244.2%. Year-over-year, the PAT decreased by 60.8% from ₹27.79 crores in Q3FY24. The earnings per share (EPS) followed a similar trend, moving from a loss of ₹0.80 in Q2FY25 to a positive ₹1.10 in Q3FY25, yet down from ₹2.80 in Q3FY24.
Operating Metrics
The operating expenses of Ashiana Housing Ltd for Q3FY25 amounted to ₹119.97 crores, showing a 71.3% increase from ₹70.02 crores in Q2FY25, but a reduction of 22.4% from ₹154.65 crores in Q3FY24. The tax expense for Q3FY25 was ₹4.07 crores, which contrasts with a tax credit of ₹2.94 crores in Q2FY25, and is lower than the ₹6.80 crores tax expense incurred in Q3FY24. These metrics highlight the variations in operational costs and tax obligations, impacting the overall financial performance of the company for the respective periods.
