Transindia Real Estate reveals strong financial results for Q3FY24, boasting a substantial EBITDA of Rs 28.3 crores and an H1FY24 debt standing at Rs 63 crores.
Transindia Real Estate, a key player in the real estate sector, has unveiled its financial performance for the quarter ending December 31, 2023.
The consolidated financial results for Q3FY24 showcase a 1 percent YoY revenue growth, reaching Rs 38.4 crores. Notably, the reported EBITDA surged impressively to Rs 28.3 crores, marking a significant 46 percent increase from Q3FY23 and a robust 55 percent rise from Q2FY24. However, the Profit After Tax (PAT) for Q3FY24 stood at Rs 4.2 crores, representing a non-material (NM) change from the corresponding period last year, and a substantial decrease from the previous quarter’s figure of Rs 75.2 crores.
Jatin Chokshi, Managing Director of Transindia Real Estate, expressed satisfaction with the quarterly figures, emphasising stability and alignment with industry growth standards. Chokshi highlighted the company’s strategic positioning to capitalise on emerging opportunities and its commitment to delivering excellence with a pan-India presence, backed by world-class infrastructure and logistics assets.
