Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Realty firm Ashiana Housing Ltd reported a sharp rise in profitability during the third quarter of FY2025-26, with net profit increasing fivefold to INR 56.65 crore on the back of significantly higher income. The company had posted a net profit of INR 10.89 crore in the corresponding quarter last year. Total income during the October-December period rose to INR 373.35 crore from INR 139.93 crore a year earlier, reflecting strong revenue recognition during the quarter. For the first nine months of the fiscal, the company posted a net profit of INR 96.91 crore, compared to a net loss in the year-ago period. However, sales bookings declined both in the third quarter and in the April-December period, indicating moderation in fresh demand despite improved financial performance.
Delhi-based real estate developer Ashiana Housing Ltd has reported a strong improvement in financial performance for the third quarter of the 2025-26 fiscal year, driven primarily by a substantial rise in total income. According to a regulatory filing, the company's net profit surged five times to Rs 56.65 crore during the October-December quarter, compared with INR 10.89 crore in the corresponding period of the previous fiscal year. Advertisement
The sharp increase in profitability was supported by a significant jump in total income, which rose to INR 373.35 crore in the third quarter from INR 139.93 crore a year earlier. The rise in income indicates higher revenue recognition from ongoing and completed projects during the period, strengthening the company's earnings performance.
For the first nine months of the current financial year (April-December 2025-26), Ashiana Housing posted a consolidated net profit of INR 96.91 crore. This marks a notable turnaround from the same period last year, when the company had reported a net loss of INR 2.10 crore. The improvement underscores stronger operational execution and better financial outcomes during the current fiscal.
Total income for the April-December period also recorded substantial growth, increasing to INR 852.25 crore compared to INR 327.97 crore in the year-ago period. The more than twofold rise in income reflects improved project deliveries and revenue bookings across the company's portfolio.
Despite the strong earnings performance, the company's sales bookings a key indicator of future revenue visibility witnessed a decline. During the third quarter, sales bookings fell to INR 397.03 crore from INR 454.16 crore in the corresponding quarter of the previous year. For the nine-month period, sales bookings declined to INR 1,131.44 crore from INR 1,362.03 crore a year ago.
The moderation in bookings suggests softer demand momentum compared to last year, even as revenue recognition boosted profitability in the current period. Sales bookings typically represent the total value of units sold during the period and provide an indication of future cash flows and revenue pipeline.
Ashiana Housing is among India's established real estate developers, known for its residential projects across multiple cities. The company's improved profitability, coupled with moderated booking numbers, reflects a mixed operational trend strong revenue conversion from existing projects alongside a slowdown in fresh sales during the reporting period.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
