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Ashiana Housing PAT up by 19% in Q2
The consolidated revenue for 6 months ended on 30th September 2010 is ` 72.26 crores 33 % higher than corresponding period in the last fiscal.
ASHIANA HOUSING Limited, one of the fastest growing mid-sized real estate company today announced its financial results for the Quarter ended 30th September, 2010. In its board meeting held today at New Delhi, the company reported an increase of 16% in Sales & Other Income to ` 29.41 Crores against that of ` 25.27 crores in the corresponding quarter last year.
 
The Profit before tax recorded an increase of 19% rising to ` 7.95 crores from ` 6.69 crores in the same period last year.
Commenting on the company's performance, Vishal Gupta, Managing Director, Ashiana Housing Ltd Said,"Our current financial results demonstrate a strong demand for company’s flagship projects in group housing and retirement housing. With the ongoing expansion & expertise in construction capacities and delivery of existing projects, the company will continue to better its performance in future also.”
 
The consolidated revenue for 6 months ended on 30th September 2010 is ` 72.26 crores 33 % higher than corresponding period in the last fiscal.
 
The company recorded the highest ever bookings of 3.40 lakhs square feet alone in the second quarter of the fiscal year as compared to the 1.54 lakhs square feet of bookings in the corresponding quarter last year. In the second quarter, Ashiana started handing over the possession of Greenwoods, Group Housing and its second Retirement Resort –Utsav in Jaipur.
 
Considering its growth and shareholder returns, Forbes has ranked, Ashiana Housing Ltd in ‘Asia’s Best Under a Billion’ 200 list of Companies 2010. 39 Indian companies were able to make it to the list. In the entire Asia pacific, only 5 Companies in the Real Estate space have been able to make it and Ashiana Housing Ltd was the only one from India in the sector.

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