Thakkers Developers Limited Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2018
May 30, 2018 at 02:28 pm EDT
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Thakkers Developers Limited reported audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 69.459 million against INR 174.758 million a year ago. Profit before exceptional items and tax was INR 57.775 million against INR 82.182 million a year ago. Profit before tax was INR 57.583 million against INR 82.508 million a year ago. Profit for the period from continuing operations was INR 42.591 million against INR 82.147 million a year ago. Net profit was INR 42.591 million against INR 82.147 million a year ago. Basic and diluted earnings per share from continuing and discontinuing operations were INR 4.73 against INR 9.13 a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 198.939 million against INR 403.141 million a year ago. Profit before exceptional items and tax was INR 17.370 million against INR 181.203 million a year ago. Profit before tax was INR 17.116 million against INR 181.192 million a year ago. Profit for the period from continuing operations was INR 0.343 million against INR 136.716 million a year ago. Net profit was INR 0.343 million against INR 136.716 million a year ago. Basic and diluted earnings per share from continuing and discontinuing operations were INR 0.04 against INR 15.19 a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 141.689 million against INR 178.934 million a year ago. Profit before exceptional items and tax was INR 62.653 million against INR 82.256 million a year ago. Profit before tax was INR 62.405 million against INR 82.582 million a year ago. Profit for the period from continuing operations was INR 45.951 million against INR 39.114 million a year ago. Net profit was INR 45.951 million against INR 39.114 million a year ago. Basic and diluted earnings per share from continuing and discontinuing operations were INR 5.11 against INR 4.35 a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 281.125 million against INR 417.566 million a year ago. Profit before exceptional items and tax was INR 21.981 million against INR 181.106 million a year ago. Profit before tax was INR 21.727 million against INR 181.095 million a year ago. Profit for the period from continuing operations was INR 3.492 million against INR 136.611 million a year ago. Net profit was INR 3.492 million against INR 136.611 million a year ago. Basic and diluted earnings per share from continuing and discontinuing operations were INR 0.39 against INR 15.18 a year ago.
Thakkers Developers Limited is an India-based company engaged in the business of real estate and construction activities. Its segments include Construction & Contract Related Activity and Estate Dealing & Development Activity. It also executes construction projects through its subsidiaries. Its projects include ongoing residential, ongoing commercial, completed residential and completed commercial. Its ongoing residential projects include The Manor, Vida 26, Richmond Heights B, Thakkers Paradise and Eva Luxuria. Its ongoing commercial projects include Highstreet-Center, Manohar Arcade, Nexus-Nashik, M Square, and Nexus-Nagpur. Its completed residential projects consist of Richmond Heights, Indigo Park, Grandeur, Thakkers Treasure, Thakkers Enclave, Nishigandha Avenue and Hakkers Harmony, and others. Its completed commercial projects consist of Purab Pashchim Plaza and Hakkers Majesty. It provides services to residential, commercial, retail, and agricultural segments, among others.