Brookfield India Real Estate Trust Reports Mixed Financial Results for December Quarter

Jan 31 2025 04:55 PM IST
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Brookfield India Real Estate Trust reported its financial results for the quarter ending December 2024, highlighting a significant Profit After Tax of Rs 51.04 crore and record net sales of Rs 601.51 crore. While operational metrics improved, the Profit Before Tax declined, raising concerns about income sustainability.
Brookfield India Real Estate Trust has recently reported its financial results for the quarter ending December 2024, showcasing a mix of positive and challenging trends. The company recorded a significant Profit After Tax (PAT) of Rs 51.04 crore, reflecting a notable year-on-year growth of 175.45%. Additionally, net sales reached a record high of Rs 601.51 crore, marking consistent growth over the last five quarters, indicating a strong near-term sales trajectory.

On the operational front, Brookfield India demonstrated improved financial health, with an operating profit to interest ratio of 1.55 times, the highest in the last five quarters. This suggests an enhanced capacity to manage interest obligations. Furthermore, the operating profit (PBDIT) also peaked at Rs 438.57 crore, reinforcing the positive operational trend.

However, the company faced some headwinds as well. The Profit Before Tax (PBT) showed a decline, falling to Rs 13.26 crore, which is a decrease compared to the average PBT of the previous four quarters. Additionally, a significant portion of the PBT, at 72.25%, stemmed from non-operating income, raising concerns about the sustainability of this income source.

Overall, Brookfield India has experienced evaluation changes in its financial assessment, reflecting the complexities of its current performance landscape.

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