Arihant Superstructures' net profit falls drastically in Q4 FY2
Real Estate

Arihant Superstructures' net profit falls drastically in Q4 FY2

Arihant Superstructures reported a 97.67% decrease in net consolidated profit for the quarter ending March 31, 2023. Its profit after tax was Rs 23.47 lakh in Q4 FY23, compared to Rs 98.7 billion in the previous fiscal's corresponding period, according to a BSE filing.

The company's net consolidated total income was Rs 665 billion in Q4 FY23, a 7.32 percent decrease from Rs 712.7 billion in the same period prior year.

In a separate regulatory filing, the business stated that Virendra Mital will step down as an independent director on May 22, 2023, after completing his second five-year term.

The board of directors authorized the appointment of Dhhaj Jopat as the company's chief financial officer, effective May 22, 2023.

The board also recommended a final dividend of Rs 10 per equity share for the fiscal year 2022-2023, according to the regulatory filing.

See also:
Arihant Superstructures to invest Rs 4 billion in its new project in Mumbai
This firm's ticket sizes range from Rs 2.8 million to Rs 31.5 million


Arihant Superstructures reported a 97.67% decrease in net consolidated profit for the quarter ending March 31, 2023. Its profit after tax was Rs 23.47 lakh in Q4 FY23, compared to Rs 98.7 billion in the previous fiscal's corresponding period, according to a BSE filing. The company's net consolidated total income was Rs 665 billion in Q4 FY23, a 7.32 percent decrease from Rs 712.7 billion in the same period prior year. In a separate regulatory filing, the business stated that Virendra Mital will step down as an independent director on May 22, 2023, after completing his second five-year term. The board of directors authorized the appointment of Dhhaj Jopat as the company's chief financial officer, effective May 22, 2023. The board also recommended a final dividend of Rs 10 per equity share for the fiscal year 2022-2023, according to the regulatory filing. See also: Arihant Superstructures to invest Rs 4 billion in its new project in Mumbai This firm's ticket sizes range from Rs 2.8 million to Rs 31.5 million

Next Story
Real Estate

Ashwin Sheth Group Launches ‘The Pink Perk’ to Empower Women Homebuyers

Ashwin Sheth Group has introduced ‘The Pink Perk’, a special initiative for Women’s Month, offering a 3 per cent saving for women homebuyers (T&C apply) across all its Mumbai projects. The offer is valid until 31 March 2025.The campaign challenges the Pink Tax, where women often pay more for similar products and services. With The Pink Perk, Ashwin Sheth Group flips the script, providing an exclusive financial advantage to women taking charge of their homeownership journey.Bhavik Bhandari, Chief Sales and Marketing Officer, Ashwin Sheth Group, stated: “The Pink Perk is our way of c..

Next Story
Infrastructure Transport

Shipping Ministry Aims to Complete 150 Projects by September 2025

The Ministry of Ports, Shipping and Waterways (MoPSW) organised a two-day ‘Chintan Shivir, 2025’ in Srinagar with a vision to evaluate, reset, discover and apply solutions to unlock potential of the Blue Economy of India. Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal reviewed undergoing projects of the Ministry — worth Rs 2 Trillion — and drew up a goal, after consultative deliberation with the experts, of completing at least 150 projects by September, 2025. The event focused on strengthening India’s shipbuilding and repair capabilities, improving financial and..

Next Story
Infrastructure Urban

NHRC Concludes 2nd ITEC Program on Human Rights for Global South NHRIs

The 2nd six-day ITEC Executive Capacity Building Programme on Human Rights for senior functionaries of the National Human Rights Institutions (NHRIs) of Global South organised by the National Human Rights Commission (NHRC), India in partnership with the Ministry of External Affairs, successfully concluded. The valedictory session was addressed by the NHRC, India Chairperson, Justice V Ramasubramanian in the presence of Members Justice (Dr) Bidyut Ranjan Sarangi, Vijaya Bharathi Sayani & Secretary General, Bharat Lal. The programme, which began on Monday 3rd March, 2025, witnessed participatio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?