Realty firm Ashiana Housing announced Q1FY23 Result : Villas launched in Tarang, Bhiwadi and Shops launched in Amantaran, Jaipur. Value of Area Booked recorded at INR 152.14 Crores (Q1FY23) vs INR 185.57 Crores (Q4FY22). Average realization went up to Rs 4557 per sq. ft. in Q1FY23 as compared to 4093 Rs per sq. ft. in Q4FY22. Area constructed was at 3.85 lakhs sq ft in Q1FY23 vs 5.07 lakh Sq. ft. (Q4FY22) and 2.89 lakh Sq. ft. (Q1FY22). Pre-tax operating cash flows was positive at INR 27.72 Crores (Q1FY23) vs positive at INR 27.48 Crores (Q4FY22) Total Revenue increased to INR 81.22 Crs (Q1FY23) vs INR 78.28 Crs in Q4FY22 due to higher deliveries in AHL (1.68 lsft vs 1.14 lsft). TCI also improved to positive INR 10.29 Crs (Q1FY23) vs positive INR 9.22 Crs (Q4FY22). New land parcel acquired in Jaipur, Bhankrota of 8.08 acres in Q1FY23. Total potential saleable area in this parcel will bearound 6.5 Lakhs sq ft. Delay in deliveries by a quarter (vis a vis expected customer handover date) expected in 8 projects: Nirmay Phase4,Tarang Phase 3, Anmol Phase2, Ashiana Amantaran Phase 1 and 2, Ashiana Daksh Phase 1 and 2, Umang Phase 5 Aditya Phase 1 will be delivered a quarter earlier than expected customer handover date Result PDF
Ashiana Housing announced Q4FY22 results: Value of Area Booked increased to Rs 573.25 Crores (FY22) vs Rs 534.68 Crores (FY21). Sales Price improved to Rs 3,883 psf (FY22) vs 3,571 psf (FY21) driven by increasing prices across projects and changing mix towards higher priced projects Area constructed higher at 16.20 Lakhs Sq. ft. (FY22) vs 11.66 Lakhs Sq. ft. (FY21). Pre-tax operating cash flows was positive at Rs 165.05 Crores (FY22) vs positive at Rs 171.65 Crores (FY21) Total Revenue declined to Rs 233.59 Crs (FY22) vs Rs 259.31 Crs due to lower deliveries. TCI also declined to negative Rs 6.56 Crs (FY22) vs positive Rs. 4.08 Crs (FY21). There was an additional impact of provision of Rs 4.26 Crs for the misappropriation of funds incident discovered during the year. Credit Rating of the company was reaffirmed at “A Stable” by ICRA and CARE for FY21-22. New land parcels acquired in the current year in Gurgaon 22.1 acres, Pune 11.93 acres, Jaipur 8.6 acres, Jamshedpur 3.96 acres and two land parcels in Chennai of 15.64 acres and 9.93 acres. Total potential saleable area in these newparcels will be around 61 Lakhs sq ft. Delay in deliveries by a quarter (vis a vis expected customer handover date) expected in 7 projects: Ashiana ShubhamPhase 3 and 4, Ashiana Daksh Phase 1 and 2, Sehar Phase 1 and Aditya Phase 1 and 2 Amantaran Phase 3 was launched in Jaipur. Value of Area Booked improved to Rs 185.57 Crores (Q4FY22) vs. Rs 169.76 Crores (Q3FY22) due to increase in area bookings and also improvement in sales price. Area constructed was at 5.07 lakh Sq. ft. (Q4FY22) vs 3.73 lakh Sq. ft. (Q3FY22). Total Revenue increased to Rs 78.28 crore (Q4 FY22) vs 54.19 crore (Q3FY22) Crs due to higher deliveries. TCI also improved to positive Rs 9.22 crore (Q4 FY22) vs negative Rs 3.28 crore (Q3FY22) Result PDF