Quarterly Result16 May 2025, 12:17 am
Peninsula Land Ltd Reports Q1 2025 Financial Performance with 57% Revenue Decline
AI Summary
Peninsula Land Ltd, a realty company, has reported a significant decline in revenue by approximately 57% YoY to Rs. 194.65 crore in 9M FY25. The company attributes this decline to challenges in revenue recognition and regulatory approvals for sold units, which has resulted in a net loss of 4% in 9M FY25. The company's share price has also declined by more than 50% at Rs. 25.80 as on May 09, 2025, vis-a-vis the conversion price of Rs.56.50 per share. The company, however, remains confident in addressing these challenges and supporting a revival in the share price.
Key Highlights
- Peninsula Land Ltd reports a 57% YoY decline in revenue for 9M FY25.
- The company reports a net loss of 4% in 9M FY25.
- The company's share price has declined by more than 50% as on May 09, 2025.
- The decline in revenue is attributed to challenges in revenue recognition and regulatory approvals for sold units.
- The company remains confident in addressing these challenges and supporting a revival in the share price.