Equinox India Developments Limited reported a robust performance for the quarter ending December 31, 2024, showcasing significant growth across key metrics.
Key Financial Highlights:
- Revenue from Operations: The company reported a revenue of ₹278.5 crore, a 177% increase compared to ₹100.55 crore in Q3 FY24. Sequentially, revenue rose by 13% from ₹245.97 crore in Q2 FY25.
- Net Profit: Net profit stood at ₹22.39 crore for Q3 FY25, reversing a loss of ₹38.5 crore in the same period last year. However, it was down 7.7% sequentially from ₹24.27 crore reported in Q2 FY25.
- Total Income: Total income grew significantly to ₹309.61 crore, up from ₹111.85 crore in Q3 FY24 and ₹287.41 crore in Q2 FY25.
- Expenses: Total expenses surged to ₹282.76 crore, a 101.7% increase YoY from ₹140.18 crore, driven by higher costs related to land, plots, constructed properties, and other operations.
Year-to-Date Performance:
For the nine months ended December 31, 2024, the company reported:
- Revenue from Operations: ₹911.71 crore, up from ₹392.78 crore in the previous year.
- Net Profit: ₹18.42 crore, compared to a loss of ₹736.07 crore in the same period last year.
