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During the quarter ending March 31, 2023, Emami Realty recorded a consolidated net loss of Rs 17.79 crore. The company stated in a filing with the BSE that it had achieved a net consolidated profit after tax of Rs 4.23 crore during the corresponding quarter of the previous financial year.
The company experienced a 14.67 percent decline in its net consolidated total revenue in the fourth quarter of FY23, which amounted to Rs 45.61 crore, compared to the Rs 53.45 crore it earned during the same period the previous year.
In fiscal year 2023, it experienced a decrease of 45.68 percent with a total revenue of Rs 131.29 crore compared to Rs 241.69 crore in fiscal year 2022. In the fiscal year 2022–23, it amounted to a post-tax deficit of Rs 41.12 crore. The company recorded a profit of Rs 15 crore in the fiscal year 2022.
The EBITDA metric registered a negative value of Rs. 15.38 crore in March 2023, compared to Rs. 18.45 crore in March 2022, for a decrease of 183.36 percent.
In March 2023, net sales dropped by 37.13 percent to Rs 21.88 crore from the previous figure of Rs 18.45 crore in March 2022.
Emami Realty's stock had a closing price of 68.60 on May 30, 2023 (NSE). It has generated a negative return of 5.05 percent in the preceding six months and a positive return of 6.94 percent in the past year.
Emami Group is a diversified business empire that currently boasts a market valuation in the region of Rs 50 billion. Eleven crucial businesses with international operations reach across 60 countries, encompassing India, the GCC, Sri Lanka, Bangladesh, Nepal, African, and CIS nations. Emami has artfully charted a continually evolving path of growth, cementing its position as a worldwide brand that embodies the spirit of India. The Group has established its reputation in Kolkata by successfully developing iconic projects such as South City, Urbana, Orbit Heights, and Emami City, which cater to both commercial and residential needs.
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