Hubtown Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 29, 2023 at 11:36 am EDT
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Hubtown Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 816.1 million compared to INR 1,082.3 million a year ago. Revenue was INR 858.1 million compared to INR 1,184.4 million a year ago. Net income was INR 48.8 million compared to net loss of INR 833.1 million a year ago. Basic earnings per share from continuing operations was INR 0.63 compared to basic loss per share from continuing operations of INR 11.57 a year ago. Diluted earnings per share from continuing operations was INR 0.63 compared to diluted loss per share from continuing operations of INR 11.57 a year ago.
For the full year, sales was INR 3,190.9 million compared to INR 1,902.8 million a year ago. Revenue was INR 3,360 million compared to INR 2,141.9 million a year ago. Net income was INR 284.9 million compared to net loss of INR 1,260.8 million a year ago. Basic earnings per share from continuing operations was INR 4.16 compared to basic loss per share from continuing operations of INR 17.66 a year ago. Diluted earnings per share from continuing operations was INR 4.16 compared to diluted loss per share from continuing operations of INR 17.66 a year ago.
Hubtown Limited is an India-based real estate development company. The Company is engaged in the real estate business of construction and development of residential and commercial premises, build operate transfer (BOT) projects. Its portfolio spans across high-end residential developments, built-to-suit office spaces and information technology (IT) parks. The Companyâs residential projects include Hubtown Premiere Residencies, Hubtown Seasons, Hubtown Vedant, Hubtown Rising City, Hubtown Harmony, Hubtown Celeste, Hubtown Sunstone, Hubtown Hillcrest, Hubtown Akruti Erica, Hubtown Countrywoods, Hubtown Gardenia, Hubtown Palmrose, and Hubtown Sunmist. Its commercial projects include Akruti Trade Center, Hubtown Solaris, Hubtown Rhythm, Hubtown Northstar, Hubtown Joyos, Ackruti Centre Point, Akruti Business Port, Hubtown Viva, Hubtown Skybay, Hubtown Geeta Mandir, DLF Ackruti Info Parks, Akruti Softech Park, and Akruti Softech Park.