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Transindia Real Estate Limitedreports Q2FY24 earnings

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)

The Property Times News Bureau

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Tags: Jatin ChokshiTransindia Real Estate Limited
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