LOTUSDEVSri Lotus Developers & Realty

Sri Lotus Developers' Q2 profit rises 91% to about ₹89 crore on revenue of ₹269 crore

Sri Lotus Developers reported September-quarter revenue of ₹269 crore, up 52.84%, and consolidated profit up 91% at about ₹89 crore.

Price, Thursday's close₹240.14▲ 0.72%
Last 5 days
52-week low ₹102.2052-week high ₹248.10
Sector
Real estate

What happened

  • Revenue was ₹269 crore against ₹176 crore a year earlier, up 52.84%, according to Sahi. Whalesbook gave it as ₹2,685.83 million, up 53%.
  • Consolidated profit rose 91% to ₹885.25 million, per Whalesbook. ScanX put it at ₹89 crore and said it beat estimates.
  • ScanX reported pre-sales of ₹470 crore, up 83% from a year earlier.
  • The shares closed at ₹240.14 on Thursday, up 0.72%, per Zerodha Kite, before the results.

Why it matters

Profit grew 91% against revenue growth of about 53% in the outlets' figures. The price shown is for the stock's BE-series listing on Zerodha Kite.

Good to know: Pre-sales are the value of property bookings a developer has signed in a period. They are not revenue, which is recognised under accounting rules as projects progress.

Key facts

Revenue
₹269 crore (₹176 crore), up 52.84% (per Sahi)
Consolidated profit
₹885.25 million, up 91% (per Whalesbook)
Pre-sales
₹470 crore, up 83% (per ScanX)

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This is a summary of public news about Sri Lotus Developers & Realty, for information only. It is not a recommendation to buy, sell or hold LOTUSDEV.