Q1 2025 Ashiana Housing Ltd Earnings Call Transcript
Key Points
- Ashiana Housing Ltd (BOM:523716) launched new phases in multiple projects, including Ashiana Ekansh Jaipur and Ashiana Advik Bhiwadi, indicating ongoing expansion.
- The company received the completion certificate for Phase 4 of Ashiana Utsav, Lavasa, showing progress in project completions.
- Despite a challenging quarter, Ashiana Housing Ltd (BOM:523716) maintained its guidance of INR2,000 crores of presales for FY25.
- The company reported a healthy pretax operating cash flow of INR74.92 crores in Q1 FY25.
- Ashiana Housing Ltd (BOM:523716) has plans to launch new projects in the senior living segment, which is expected to be less cyclical and more stable.
- The area booked in Q1 FY25 was significantly lower at 4.43 lakh square feet compared to 10.60 lakh square feet in the previous quarter.
- The value of area booked dropped to INR235.32 crores in Q1 FY25 from INR862.54 crores in the last quarter of FY24.
- The company reported a negative PAT of INR5.45 crores in Q1 FY25, compared to a positive INR10.87 crores in Q1 FY24.
- Ashiana Housing Ltd (BOM:523716) faced one-off costs in Q1 FY25, including a one-time incentive to staff and interest paid to customers for delayed delivery.
- The company anticipates reporting losses in the second quarter of the current year due to lower planned deliveries.
Ladies and gentlemen, good day, and welcome to Ashiana Housing Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference has been recorded.
I now hand the conference over to Mr. Binay from E&Y. Thank you, and over to you, sir.
Thanks, Sumeet. Welcome, everyone, and thanks for joining this Q1 FY25 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 of 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 the 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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