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News
June 15, 2015
Arihant Superstructures Ltd consolidated PROFIT UP BY 672% for FY15.

Consolidated FY 15 Highlights

  • Operating revenue was Rs. 1,078.9 mn as compared to Rs. 1,000.6 mn during the corresponding period of previous year, reflecting an increase of 8%.
  • Total income was Rs. 1,097.6 mn for FY15 as compared to Rs. 1,010.1 mn in the corresponding period of the previous year, an increase of 9%.
  • EBITDA stood at Rs. 265.7 mn as compared to Rs. 210.6 mn during the corresponding period of previous year, an increase of 26%.
  • EBITDA Margin was 24.6% for FY15 as against 21.1% in FY14, up 350 bps.
  • Net profit stood at Rs. 101.4 mn for FY15 ended March 31, 2015 as compared to Net profit of Rs. 13.1 mn in the corresponding period of the previous year
  • Basic EPS stood at Rs. 2.46, increase of 669% over the same period last year.

Commenting on the results, Mr. Ashok Chhajer, Chairman, ASL said, "The performance of the year has been very satisfying given there have been headwinds in the industry and we have managed to stay slightly ahead of the curve as far as our revenue growth is concerned. A good number of our projects are in the infancy stages and we see good traction building up in the new projects that are under development on the back of sustained sales and marketing efforts. We do believe that these will translate to profitable growth in the forthcoming years and we are confident that we will create sufficient value for our shareholders."

The Company launched two new projects totaling 900,000 sq. ft of area in the fiscal year FY 15. The projects were Aloki in Karjat and Anshula in Taloja./p>

Arihant Superstructures Ltd (ASL) (BSE: 506194), a real estate company with dominant presence in the affordable housing segment today announced its fourth quarter and full year results for the period ended March 31, 2015. The results have been updated on our website www.asl.net.in

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