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Ashiana Housing bottomline turns negative in Q3FY18

Nidhi Jani
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Ashiana Housing bottomline turns negative in Q3FY18

Ashiana Housing reported its results for the quarter ended December 31, 2017 on Friday after market hours.

Its consolidated revenue for the quarter came in at Rs. 30.72 crore, registering a decline of 7.4 per cent YoY.

  The operating loss for the quarter came in at Rs 4.47 crore, as against operating loss of Rs 1.35 crore in the corresponding quarter previous year. This increase in operating loss was on account of sharp jump in other expenses by 87.9 per cent YoY.

The net loss for the quarter came in at Rs 3.55 crore, as compared with the net profit of Rs 15.9 crore in the corresponding quarter previous year. This was partly led by sharp rise in interest expenses by 72.8 per cent YoY.

Ashiana Housing is engaged in real estate activities with owned or leased properties. It operates Its projects include comfort homes projects, senior citizens' living project, care homes project and retail projects.

Today, the stock opened at Rs. 182.60 and touched an intra-day high and low of Rs. 184 and Rs. 176.85, respectively, and finally closed at Rs. 179.75 on the BSE.

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