Emami Realty posts net loss of 177.9 million

31 May 2023 CW Team

The quarter ending March 31, 2023, saw Emami Realty post a net consolidated loss after tax of Rs. 17.79 crore. According to a BSE filing by the company, it earned a net consolidated profit after tax of 42.3 million in the equivalent quarter of the prior fiscal.

The company's net consolidated total revenue for the fourth quarter of FY23 was 456.1 million, down from 534.5 million in the same quarter of FY22 by 14.67 percent.

Its overall revenue fell by 45.68% in FY23 from 2416.9 million to 1312.9 million, representing a decrease. In the fiscal year 2022–2023, it reported an after-tax loss of Rs 411.2 million. The business reported a profit after tax of Rs. 15 million in FY22.

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