Q4 2024 Ashiana Housing Ltd Earnings Call Transcript
Key Points
- Ashiana Housing Ltd (BOM:523716) launched 10 projects and 16 new phases of existing projects, totaling 23.19 lakh square feet.
- The company achieved a record sales value of INR1,798.22 crores for FY24, up from INR1,313.43 crores in FY23.
- Sales price per square foot increased by 34% year-on-year, reaching INR6,811.
- Total revenue more than doubled to INR966.52 crores in FY24 from INR425.19 crores in FY23.
- The company successfully completed its maiden buyback of INR55 crores in FY24.
- Quarterly comprehensive income (TCI) declined to INR17.45 crores in Q4 FY24 from INR28.08 crores in the previous quarter.
- Margins varied significantly due to different project deliveries, with some projects experiencing cost overruns.
- The company faces uncertainties and risks, including those mentioned in their SEBI filings and annual reports.
- Pre-tax operating cash flows, although at a record high, indicate a need for careful cash management for future acquisitions.
- The company has a conservative outlook on future sales, with a target of INR2,000 crores for FY25, which may be seen as cautious given past performance.
Ladies and gentlemen, good day, and welcome to Ashiana Housing Limited Q4 FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. And now I hand the conference over to Mr. Binay Sarda from E&Y LLP. Thank you and over to you, sir.
Thanks, Seema. Welcome, everyone, and thanks for joining this Q4 FY24 earnings call for Ashiana Housing Limited. The results and the investor presentation have been mailed to you, and it is also available on the stock exchange. In case if you have not received the same, please write to us and we'll be happy to send it over to you.
To take us through the results for this quarter and answer your questions, we have today with us Mr. Varun Gupta, Whole-Time Director and Mr. Vikash Dugar, CFO. We will be starting the call with a brief overview of the company's performance of this quarter, and then we'll follow it up with Q&A session.
I would like to remind you that everything said on this call that reflects any outlook for the
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