NEW DELHI: Eldeco Housing & Industries has reported a dip of 29.64 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax stood at Rs 4.51 crore in Q2 FY25 as against Rs 6.41 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 36.38 crore in Q2 FY25, a growth of 95.07 per cent from Rs 18.65 crore it recorded in the similar quarter last year.
Pankaj Bajaj, chairman & managing director of the company said, “While our reported operational margins look less this quarter, that is primarily due the mix of projects in which revenue is recognised. During the quarter we have purchased additional 3.84 acres of land on the periphery of land parcels where land aggregation has been going on. With this, our total aggregation in fresh township projects is now 65 acres. We shall apply for approvals for about 45 acres shortly. This new project will have a revenue potential of more than Rs 600 crore, and we are hopeful of launching it early next year.”
Average price realisation was at Rs 6,581 per sq ft of area booked in Q2 FY25 while booking value witnessed a 316% increase and stood at Rs 103 crore. Collections stood at Rs 51.9 crore in Q2 FY25.
