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Eldeco Housing & Industries Ltd Q1FY24; 24% fall in Profits.

Eldeco Housing and Industries Ltd. was Incorporated in 1985, it is a leading real estate developer in the UP. The co. is primarily engaged in the promotion, construction, development and sale of townships, residential, commercial properties and developed plots. Co. is a part of Eldeco Group, which is a real estate developer with expertise in housing and commercial space in Tier I, Tier II and Tier III towns. Mr Pankaj Bajaj is the Chairman cum Managing Director of the co.

Financial Results:

Eldeco Housing & Industries Ltd reported Revenues for Q1FY24 of ₹24.84 Crores down from ₹27.57 Crore year on year, a fall of 9.9%.

Total Expenses for Q1FY24 of ₹17.27 Crores up from ₹16.57 Crores year on year, a rise of 4.22%.

Consolidated Net Profit of ₹7.63 Crores down 24.38% from ₹10.09 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.76, down 24.37% from ₹10.26 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Real Estate
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