Quarterly Financial Report Shows Negative Performance for Ashiana Housing in Q2 FY25

Ashiana Housing, a smallcap company in the construction and real estate industry, recently declared its financial results for the quarter ending September 2024. According to the financial report released on November 14, 2024, the company has seen a very negative performance in the second quarter of the fiscal year 2024-2025. This is evident from the fall in its score from -5 to -24 in the last three months.

However, there are some positive aspects to the company’s financials. The operating cash flow for the year is at its highest at Rs 212.31 crore and has been growing consistently over the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations. Additionally, the company’s short-term liquidity is improving as seen from its cash and cash equivalents, which are at their highest at Rs 305.49 crore in the last six half-yearly periods.

On the other hand, there are some areas where Ashiana Housing needs to improve. The net sales for the quarter have fallen by -84.24% year on year, indicating a very negative trend in the near term. The profit before tax less other income (PBT) has also fallen by -150.84% year on year, and the profit after tax (PAT) has fallen by -127.6% year on year. These trends show a decline in the company’s profitability.

Furthermore, the company’s operating profit (PBDIT) and operating profit margin are at their lowest in the last five quarters, indicating a deterioration in its efficiency. The earnings per share (EPS) have also declined, creating lower earnings for shareholders. Additionally, the company’s debtors turnover ratio is at its lowest in the last five half-yearly periods, indicating a slower pace in settling its debtors.

In conclusion, Ashiana Housing’s financial results for the quarter ending September 2024 have shown a very negative performance. While there are some positive aspects, the company needs to address the areas of concern to improve its financial standing. Investors should take note of the company’s current financial situation and make informed decisions.