Q4 2024 Arihant Superstructures Ltd Earnings Call Transcript
Key Points
- Arihant Superstructures Ltd (BOM:506194) reported a 35% growth in total consolidated revenue for Q4 FY24, reaching INR162 crores compared to INR120 crores in Q3 FY24.
- The company achieved a 37% growth in total consolidated EBITDA for Q4 FY24, standing at INR36 crores against INR26 crores in Q3 FY24.
- Profit after tax for Q4 FY24 increased by 40.9% to INR22 crores from INR16 crores in Q3 FY24.
- The company recorded sales bookings of 759 units, equivalent to 6.49 lakh square feet of area, amounting to INR404 crores in Q4 FY24.
- Arihant Superstructures Ltd (BOM:506194) added approximately INR2,435 crores of new business in FY24, with launches lined up for FY25.
- The company has only 60% economic interest in most of its projects, which affects the total presales figures.
- Cancellations accounted for 10% to 15% of sales across all sites, impacting the net presales numbers.
- The collection efficiency for Q4 FY24 was lower at 30%-32% compared to previous quarters' 40%-50%, due to recent project launches.
- Land prices have doubled in majority of the micro markets over the last two years, potentially increasing future project costs.
- The company has a significant interest outgo projected for FY25, with institutional funds and promoter funds contributing to a total of INR70 crore to INR75 crore in interest expenses.
Ladies and gentlemen, good day, and welcome to the Arihant Superstructures Limited Q4 and FY24 earnings conference call hosted by Ventura Securities Limited. (Operator Instructions)
Please note that this conference is being recorded. I would now like to hand the conference over to Tushar from Ventura Securities Limited. Thank you, and over to you, sir.
Thank you. Good day, ladies and gentlemen. On behalf of the Ventura Securities Limited, I welcome you all to Arihant Superstructures Limited Q4 and FY24 earnings conference call. The company today represented by Mr. Parth Chhajer, Whole-Time Director, and Mr. Dhiraj Jopat, Chief Financial Officer.
I would now like to hand over the call to Mr. Parth Chhajer for his opening remarks. Thank you. And over to you, sir.
Good morning, everyone. Along with the Dhiraj, we also have e CMD Mr. Ashok Chhajer with us on
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