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Hemisphere Properties India Ltd Q3FY24; 58% fall in Profits

The company was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL (currently known as Tata Communications Limited).

Financial Results:

Hemisphere Properties India Ltd reported Revenues for Q3FY24 of ₹562.00 Crores up from ₹530.00 Crore year on year, a rise of 6.04%.

Total Expenses for Q3FY24 of ₹533.00 Crores up from ₹431.00 Crores year on year, a rise of 23.67%.

Consolidated Net Profit of ₹44.00 Crores down 58.1% from ₹105.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹11.31, down 58.30% from ₹27.12 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: Property
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