Ashiana Housing has posted a whopping 111% growth in consolidated net profit for the December quarter, 2011 at Rs. 15.26 crore on the back of higher sales. The company had reported a Rs. 7.24 crore profit in the corresponding period last year.
The consolidated revenues rose to Rs. 53.87 crore, reporting a 110% up, compared with Rs. 25.60 crore in the year ago period.
Mr. Vishal Gupta, MD, Ashiana Housing, said, "The third quarter has shown satisfactory results with growth in all key parameters. Construction activity has also started picking up momentum with 21%q o q growth in equivalent area constructed."
During the December quarter, Ashiana Housing recorded bookings of 12.85 lakh square feet in the first 3 quarters of the fiscal year compared with 9.71 lakh square feet year ago.
The consolidated revenues rose to Rs. 53.87 crore, reporting a 110% up, compared with Rs. 25.60 crore in the year ago period.
Mr. Vishal Gupta, MD, Ashiana Housing, said, "The third quarter has shown satisfactory results with growth in all key parameters. Construction activity has also started picking up momentum with 21%q o q growth in equivalent area constructed."
During the December quarter, Ashiana Housing recorded bookings of 12.85 lakh square feet in the first 3 quarters of the fiscal year compared with 9.71 lakh square feet year ago.
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