Mumbai, October 30, 2024: Transindia Real Estate Limited has announced its financial results for the quarter ended 30th September, 2024.
Further details are as per the table below.
Summary of Consolidated Financial Results Q2FY25 (₹ in Cr)
|
Particulars |
Q2FY25 |
Q2FY24 |
Y-o-Y |
Q1FY25 |
Q-o-Q |
|
Revenue |
26 | 27 | -5% | 28 | -9% |
|
EBITDA* |
18 | 18 | – | 15 | 20% |
|
PAT |
7 | 79** |
> -100% |
5 | 28% |
* EBIDTA is excluding other income and represents pure business income.
** This includes the effect of Equipment Division.
Jatin Chokshi, Managing Director, Transindia Real Estate Limited said, “Transindia is a leading developer of Grade A Warehousing in India. After exiting a substantial portion of its completed warehousing portfolio last year, the company currently has a portfolio of completed assets which has potential to earn a rental income of about Rs 65 crore annually. More importantly, the company has recently invested the divestment proceeds to acquire new land parcels in Bangalore, Kolkata and Bhiwandi to develop new projects, for further growth. The company is also exploring other assets such as residential and other real estate products.”
Corporate Comm India (CCI Newswire)
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