Ashiana Housing reports Rs 75.5 million net loss in Q2 FY25
Real Estate

Ashiana Housing reports Rs 75.5 million net loss in Q2 FY25

Ashiana Housing posted a net consolidated loss of Rs 75.5 million for the quarter ended September 30, 2024, marking a shift from the Rs 273.5 million profit recorded in the same period last year, according to a BSE filing.

The company’s net consolidated total income dropped to Rs 595.3 million in Q2 FY25, compared to Rs 3.51 billion in the corresponding quarter of the previous fiscal.

As of September 30, 2024, Ashiana Housing's financial metrics included a net worth of Rs 7.56 billion, a debt-equity ratio of 0.35, a current liability ratio of 0.85, a total debt-to-total-assets ratio of 0.09, an operating margin of 14.36%, and a net profit margin of -12.67%.

(ET)

Ashiana Housing posted a net consolidated loss of Rs 75.5 million for the quarter ended September 30, 2024, marking a shift from the Rs 273.5 million profit recorded in the same period last year, according to a BSE filing. The company’s net consolidated total income dropped to Rs 595.3 million in Q2 FY25, compared to Rs 3.51 billion in the corresponding quarter of the previous fiscal. As of September 30, 2024, Ashiana Housing's financial metrics included a net worth of Rs 7.56 billion, a debt-equity ratio of 0.35, a current liability ratio of 0.85, a total debt-to-total-assets ratio of 0.09, an operating margin of 14.36%, and a net profit margin of -12.67%. (ET)

Next Story
Infrastructure Energy

Adyant Enersol & UPC Renewables Secure SJVN's 600 MW Wind Project

Adyant Enersol (Datta Infra) and UPC Renewables secured contracts in SJVN’s auction to develop 600 MW inter-state transmission system (ISTS)-connected wind power projects under a build-own-operate model. Adyant Enersol was awarded 70 MW with a tariff of Rs 3.98/kWh, while UPC Renewables secured 100 MW at a tariff of Rs 3.99/kWh. The tender for these projects was issued in March 2024, allowing bidders to submit proposals for capacities ranging from a minimum of 50 MW to a maximum of 300 MW, with project sizes specified in multiples of 10 MW. The selected developers are required to establis..

Next Story
Infrastructure Energy

Bridge and Roof Secures SJVN Contract for 100 MW Solar Project

Bridge and Roof Company, a government enterprise under the Ministry of Heavy Industries, has secured the engineering, procurement, and construction contract from SJVN Green Energy to establish a 100 MW solar power project in Rajasthan’s Didwana-Kuchaman district. The project is valued at approximately Rs 3.5 billion. The tender was issued in April 2024. The scope of work includes land development, design and engineering, procurement of equipment and materials, testing at the manufacturer’s facility, packing, transportation, supply, unloading, on-site storage, installation, erection, test..

Next Story
Infrastructure Transport

NHAI Uses AI and Drones to Detect 1,000 Encroachments on Highways

The National Highway Authority of India (NHAI) has implemented artificial intelligence (AI) and drone technology to detect approximately 1,000 encroachments on four major national highways. This initiative aims to address obstacles that hinder road construction projects and ensure their timely completion. The survey covered a span of about 360 kilometres, utilising high-frequency drones to capture detailed aerial images of the highways. AI-driven algorithms analysed these images to identify potential encroachments, including parked vehicles, construction materials, and makeshift structures. F..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000