Emami Realty Limited, a real estate firm, has reported a significant decline in its financial performance for the March quarter (Q4 FY25). The company’s consolidated net loss widened to Rs 79.68 crore, a four-fold increase from the previous quarter (Q3 FY25) and a substantial rise from the same period last year (Q4 FY24). The annual net loss for FY25 stood at Rs 126.25 crore, slightly higher than the previous year’s loss of Rs 123.10 crore.
The company’s revenue from operations plummeted 76.12% to Rs 13.66 crore in Q4 FY25, down from Rs 57.22 crore in the preceding quarter. Compared to the same period last year, revenue declined by 21.72%. Total income also saw a significant dip, falling 61.2% to Rs 27.14 crore in Q4 FY25 from Rs 69.96 crore in Q3.
Expenses continued to rise, with total expenses increasing by 16.9% to Rs 112.16 crore in Q4 FY25. Project expenses jumped 78.12% quarter-on-quarter to Rs 50.46 crore, while other expenses surged by over 4,420% to Rs 66.44 crore. On a full financial year basis, expenses rose by 5.5% to Rs 282.16 crore in FY25.
The Emami Group company, which develops residential, commercial, and mixed-use properties across Indian cities, has faced a challenging quarter. The Board of Directors has approved the appointment of MKB and Associates as Secretarial Auditors for a period of five years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
The significant decline in revenue and rise in expenses have contributed to the company’s poor financial performance. The real estate sector has faced challenges in recent times, and Emami Realty Limited’s results reflect the industry’s struggles. The company will need to reassess its strategy and costs to improve its financial performance in the coming quarters. The appointment of a new Secretarial Auditor may help the company improve its governance and compliance practices, but it will need to address its underlying financial challenges to get back on track.