Financial Highlights Revenue from Operations reported at Rs. 172.62 Mn in Q2 and Rs. 352.77 Mn for H1 FY22 EBITDA stands at Rs. 95.10 Mn in Q2 and Rs. 212.05 Mn for H1 FY22 PAT at Rs. 44.87 Mn in Q2 and Rs. 106.10 Mn for H1 FY22 Revenue from Operations has marginally degrown from Rs. 202.29 Mn in Q2 FY21 to Rs. 172.62 Mn in Q2 FY22. The EBITDA has increased by 72.64% from Rs. 55.09 Mn in Q2 FY 21 to Rs. 95.10 Mn in Q2 FY22 led by the introduction of a new revenue segment of “Business Support Services” to the real estate sector. Net profit has increased by 115.42% from Rs. 20.83 Mn in Q2 FY21 to Rs. 44.87 Mn in Q2 FY22. PAT margins has increased to 21.31% in Q2 FY22 from 9.72% in Q2 FY21. Revenue from Operations has marginally degrown from Rs. 364.41 Mn in Q2 FY21 to Rs. 352.77 Mn in Q2 FY22 The EBITDA has increased by 89.68% from Rs. 111.80 Mn in H1 FY21 to Rs. 212.50 Mn in H1 FY22 and a gain in the EBITDA margins from 28.37% in H1 FY21 to 51.17% in H1 FY22 mainly driven by additional margin contribution from the new revenue segment of “Business Support Services” to the real estate sector. Net profit stood at Rs. 106.10 Mn in H1 FY22, compared to Rs. 38.48 Mn in H1 FY21 recorded a growth of 178.65% Current Asset stood at Rs. 2690.22 Mn in H1 FY22, compared to Rs. 2646.61 Mn in H1 FY21 Long term borrowing stood at Rs. 224.64 Mn in H1 FY22, compared to Rs. 224.88 Mn in H1 FY21 and Short term borrowing at Rs. 373.55 Mn in H1 FY22, compared to Rs. 217.09 Mn in H1 FY21 Finance Cost has increased by 3.22% from Rs. 62.13 Mn in H1 FY21 to Rs. 64.13 Mn in H1 FY22 on account of increase in the long term & short-term borrowing. Commenting on the performance of Q2 FY22, Mr. Naresh Karda, Chairman & Managing Director, said “With the reopening of the Indian economy post the 2nd Covid Lockdown in Q2 FY22 and with increasing vaccination drive and good governance, we are on the recovery path. In line with PM’s Vision of “Housing for all by 2022” there is a boost in the affordable housing segment of the country. India’s real estate sector is likely to witness better sales from Q2 FY22 and consequently Company has witnessed growth in the segment it operates. Company has currently 19 projects under construction consisting of Residential, Residential cum Commercial & Commercial in Greater Nashik and has 8 projects comprising of civil contract across in Maharashtra and Goa State. Even though our Revenue from operations has slightly degrown from Rs 202.29 Mn in Q2 FY21 to Rs 172.62 Mn in Q2 FY22, our EDITDA and PAT margins expanded significantly by 72.64% and 115.42% respectively from Rs 55.09 Mn & Rs 21.03 Mn in Q2 FY21 to Rs 95.10 Mn & Rs 44.87 Mn in Q2 FY22. This has been majorly contributed by addition of a new segment of “Business Support Services” which has a higher margin. This segment consists of company rendering consultancy and business advisory services in the real estate sector using our existing expertise and resources in this business. Result PDF