Emami Realty on Wednesday reported a consolidated net loss of Rs 12.50 crore for the quarter ended March on lower income amid the COVID pandemic. It had posted a net loss of Rs 19.18 crore in the year-ago period.
Total income declined to Rs 77.58 crores in the fourth quarter of the last
fiscal from Rs 154.41 crores in the corresponding period of the previous year, according to a regulatory filing.
Emami Realty posted a net loss of Rs 0.49 crore last fiscal year against a
net loss of Rs 114.48 crores in the 2019-20 financial year.
Total income fell to Rs 317.91 crore in the 2020-21 fiscal year from Rs 1082.54 crore in the previous year.
On Tuesday Emami Realty said it will develop a 40-acre township in Kolkata at
an estimated project cost of Rs 300 crores.
Emami Realty Limited the real estate arm of the Kolkata-based Emami Group has a pan India
presence with over 36 million square feet of development at different stages of
planning, Constructions, and delivery across West Bengal, Uttar Pradesh, Tamil
Nadu, Andhra Pradesh, Orissa, Maharashtra, and Sri Lanka.
These projects are being executed under various special purpose vehicles and
joint venture
0 Comments