Transindia Real Estate reports robust FY24 financial results, highlighting significant PAT growth and reduced debt.
Transindia Real Estate announced its financial results for the quarter ending March 2024, revealing strong profitability and improved liquidity.
Summary of Consolidated Financial Results Q4FY24 (₹ in Crores):
| Metric | Q4FY24 | Q3FY24 | Q4FY23 | Y-o-Y | Q-o-Q | FY24 | FY23 | Q-o-Q |
| Revenue | 20.1 | 25.5 | 29.3 | -32% | -21% | 96.8 | 136.3 | -29% |
| EBITDA* | 9.6 | 28.3 | 15.4 | -24% | -38% | 54.1 | 74.8 | -28% |
| PAT | 159.0** | 6.8 | -13.3 | >100% | >100% | 250.5 | 27.8 | >100% |
*EBITDA excludes other income and one-time profit from a transaction with Blackstone.
**Includes post-tax gain from the Blackstone deal.
Transindia Real Estate reported an EBITDA of ₹54.1 crores for FY24 and a PAT of ₹250.5 crores, reflecting a significant year-over-year increase. The company’s revenue for FY24 stood at ₹96.8 crores, a decline from ₹136.3 crores in FY23. However, the PAT growth was driven by strategic divestments and successful transactions, particularly with Blackstone.
Jatin Chokshi, Managing Director of Transindia Real Estate, expressed satisfaction with the financial performance, attributing the strong profitability and cash flows to recent divestments in the completed warehousing portfolio. These divestments have enhanced the company’s liquidity and reduced debt, which stood at ₹58 crores in H2FY24. Chokshi emphasised that the improved liquidity will support the development of new logistics assets across various micro-markets, ensuring continued growth and expansion.
