Ashiana Housing Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 08:02 am EST
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Ashiana Housing Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,276.6 million compared to INR 449.9 million a year ago. Revenue was INR 1,353.1 million compared to INR 641.9 million a year ago. Net income was INR 90.5 million compared to net loss of INR 38.4 million a year ago. Basic earnings per share from continuing operations was INR 0.91 compared to basic loss per share from continuing operations of INR 0.32 a year ago. Diluted earnings per share from continuing operations was INR 0.91 compared to diluted loss per share from continuing operations of INR 0.32 a year ago.
For the nine months, sales was INR 2,910.8 million compared to INR 1,393.8 million a year ago. Revenue was INR 3,082.5 million compared to INR 1,553.1 million a year ago. Net income was INR 175 million compared to net loss of INR 159.1 million a year ago. Basic earnings per share from continuing operations was INR 1.79 compared to basic loss per share from continuing operations of INR 1.54 a year ago. Diluted earnings per share from continuing operations was INR 1.79 compared to diluted loss per share from continuing operations of INR 1.54 a year ago.
Ashiana Housing Limited is an India-based company. The principal business activity of the Company is Real Estate Development. The Company has its presence in the states of Rajasthan, Jharkhand, Maharashtra, Haryana, West Bengal, Gujarat and Tamil Nadu. The Companyâs premium homes projects include Ashiana Tarang, Vrinda Garden, Ashiana Amantran, Ashiana Ekansh, Ashiana Sehar, Ashiana Prakriti, Ashiana Dwarka and Ashiana Malhar. The Company's senior living projects include Ashiana Nirmay, Ashiana Advik, Ashiana Shubham, Ashiana Utsav and Ashiana Amodh. The Companyâs kid centric homes projects include Ashiana Town, Amarah By Ashiana, Ashiana Umang, Ashiana Anmol. The Company's subsidiaries include Ashiana Maintenance Services LLP, Latest Developers Advisory Ltd, Topwell Projects Consultants Ltd. and Ashiana Amar Developers.