Q2 FY12 Consolidated Income from Operations up by 38% to Rs 454 crore
Consolidated PAT up by 36% at Rs 27 crore

Consolidated Income from Operations of Rs. 454 crore for the quarter ended September 30th 2011 as compared to Rs. 329 crore for the quarter ended June 30th 2011, registering a growth of 38%.

Consolidated Net Profit for the quarter stood at Rs. 27 crore, increased by 36% as compared to Rs. 20 crore posted in the quarter ended June 30th, 2011.


Particulars

Q2FY12

Q1FY12

% Change

Income from Operations

454

329

38%

EBIDTA

71

62

15%

PAT

27

20

36%

                                                                                All figures in the table are consolidated in Rs Crores unless stated otherwise

Operational Highlights for Q2 FY12:

  • The Company is strategically focusing on execution and possession of the ongoing projects at accelerated pace.
  • In order to reduce the impact of inflation, the Company is focusing on launch of plots and independent floors, which are faster to deliver.
  • The Company has reduced debt levels from internal cash flows.
  • The Company launched 1.17 mn sq ft of  Independent Floors in Omaxe New Chandigarh of which 0.96 mn sq ft has been booked in this quarter .
  • The Company launched 0.12 mn sq ft of Independent Floors in Royal Residency, Ludhiana of which 0.10 mn sq ft has been booked in this quarter.
  • The Company launched 0.07 mn sq ft of Independent Floors  in Omaxe City, Jaipur of which 0.03 mn sq ft has been booked in this quarter.
  • The Company during the quarter sold 2.25 mn sq ft across all the projects including new launches.
  • The Company has offered 0..