Multibagger Realty Stock engaged in the business of real estate development with a wide Pan-India presence jumped 5 percent in the day’s trade, following the release of its Q3FY24 results, with a 207 percent jump in Net Profits.
With a market capitalization of Rs. 3,062 Crores, the shares of Ashiana Housing Limited were trading at Rs. 304.60, up 4.37 percent from its previous day’s close price of Rs. 291.85. It has delivered multi-bagger returns of 100 percent in a year.
Its revenue from operations grew by 44.23 percent YoY from Rs. 127.65 Crores in Q3FY23 to Rs. 184.12 Crores in Q3FY24 and it declined 46.50 percent QoQ from Rs. 344.15 Crores in Q2FY24 to Rs. 184.12 Crores in Q3FY24.
Its Net Profit grew by 207.18 percent YoY from Rs. 9.05 Crores in Q3FY23 to Rs. 27.8 Crores in Q3FY24 and it grew 1.64 percent QoQ from Rs. 27.35 Crores in Q2FY24 to Rs. 27.8 Crores in Q3FY24.
Ashiana Housing Limited is engaged in the business of real estate development, with a wide presence across Rajasthan, Jharkhand, Maharashtra, Haryana, Gujarat, West Bengal, and Tamil Nadu. Some of its premium home projects include Ashiana Tarang, Vrinda Garden, Ashiana Amantran, and many more.
The company’s geographical presence breakdown, based on saleable areas of ongoing projects is as follows, Gurugram 25 percent, Jaipur 27 percent, Jamshedpur 12 percent, Bhiwadi 12 percent, Pune 10 percent, Chennai 9 percent, and Jodhpur 5 percent. It has 83.76 Lakh square feet of future projects.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
