Q2 2025 Ashiana Housing Ltd Earnings Call Transcript
Key Points
- Ashiana Housing Ltd (BOM:523716) recorded a significant increase in area booked, reaching 7.29 lakh square feet in Q2 FY '25 compared to 4.43 lakh square feet in Q1.
- The value of area booked rose to INR672.54 crores in Q2 FY '25 from INR235.32 crores in Q1, indicating strong sales performance.
- The company maintains a robust pretax operating cash flow, recording INR78.18 crores in Q2 FY '25, up from INR75.29 crores in Q1.
- Ashiana Housing Ltd (BOM:523716) is optimistic about a strong second half of the fiscal year with several key project deliveries scheduled.
- The company continues to maintain its guidance of INR2,000 crores of presales for the current year, reflecting confidence in future sales performance.
- Total revenues for Q2 FY '25 were lower at INR59.53 crores compared to INR128.51 crores in Q1, due to a lack of product deliveries.
- The company reported a negative PAT of INR7.55 crores for Q2 FY '25, primarily due to limited phase deliveries.
- Ashiana Housing Ltd (BOM:523716) faces challenges in acquiring land in Gurgaon due to high prices, impacting expansion plans.
- There is a concern about potential cost overruns and environmental compliance costs affecting future profitability.
- The company anticipates a potential challenge in maintaining presales growth in the coming years due to limited land availability.
Ladies and gentlemen, good day, and welcome to Ashiana Housing Limited Q2 FY '25 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Binay Sarda from E&Y Investor Relations. Thank you, and over to you, sir.
Thanks, Tanyan. Welcome, everyone, and thanks for joining this Q2 FY '25 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 for this quarter and answer your questions, we have today with us Mr. Varun Gupta, Whole-Time Director; and Mr. Vikash Dugar, CFO. We'll be starting the call with a brief overview of the company's performance of this quarter, and then we'll begin the Q&A session.
I would like to remind you that everything said on this call that reflects any
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