Ashiana Housing Reports 207.18% Surge in Net Profit for Q3 FY24

14 Feb 2024 CW Team

Ashiana Housing, a prominent real estate developer, has announced a remarkable surge in its net consolidated profit for the quarter ended December 30, 2023. According to a filing with the Bombay Stock Exchange (BSE), the company reported a staggering growth of 207.18% in its profit after tax (PAT), reaching Rs 278 million in Q3 FY24. This is a significant increase from the Rs 90.5 million registered in the corresponding quarter of the previous fiscal year.

The company's net consolidated total income also witnessed substantial growth, standing at Rs 1.89 billion in Q3 FY24. This represents a growth of 39.86% from the Rs 1.35 billion recorded in the similar quarter last year.

As of December 31, 2023, Ashiana Housing's financial indicators reflected a strong position. The company's net worth stood at Rs 7.52 billion, with a debt-equity ratio of 0.18. The current liability ratio was reported at 0.88, while the total debts to total assets ratio was 0.06. Additionally, the operating margin was noted at 20.58%, demonstrating efficient management of operational expenses, and the net profit margin stood at 14.69%.

This robust financial performance underscores Ashiana Housing's resilience and strategic acumen amidst challenging market conditions. The company's ability to significantly enhance its profitability and total income reflects its successful execution of growth strategies and prudent financial management.

Investors and stakeholders are closely watching Ashiana Housing's trajectory, anticipating further insights into its performance and future outlook as the real estate sector continues to navigate dynamic economic landscapes.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..