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.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..