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RDB Realty & Infrastructure Q1 Results 2024: Revenue Up but Losses Increase
RDB Realty & Infrastructure's revenue rose to ₹3,650.44 million in Q1 2024, but high expenses led to a loss of ₹8.69 million. This is a drop from their previous quarter's profit of ₹92.43 million. Earnings per share decreased to (₹0.05).
by Ruksana
Updated Aug 07, 2024
In the first quarter of 2024, RDB Realty & Infrastructure Limited reported lower revenue and profit compared to the previous quarter. The company earned ₹3,650.44 million from operations, which is a big increase from ₹687.52 million in the last quarter of 2023. However, their total income was ₹3,684.59 million, still higher than the ₹699.34 million reported in Q4 2023.
The company's expenses increased significantly to ₹3,691.88 million in Q1 2024 from ₹569.69 million in the previous quarter. The rise in expenses mainly came from construction activities, which saw a big jump. Because of these high expenses, the company faced a loss of ₹8.69 million in Q1 2024, compared to a profit of ₹92.43 million in the last quarter.
RDB Realty & Infrastructure Q1 Results 2024
RDB Realty & Infrastructure had a challenging first quarter with a decrease in profit and an increase in costs, impacting their financial performance.
Here’s the RDB Realty & Infrastructure Q1 Results 2024:
|
Particulars |
Quarter ended 31-Mar-2024 |
Quarter ended 31-Dec-2023 |
|
1. Revenue from Operations |
₹3,650.44 million |
₹687.52 million |
|
2. Total Income |
₹3,684.59 million |
₹699.34 million |
|
3. Total Expenses |
₹3,691.88 million |
₹569.69 million |
|
4. Profit/(Loss) before Tax |
(₹7.29 million) |
₹129.65 million |
|
5. Net Profit/(Loss) after Tax |
(₹8.69 million) |
₹92.43 million |
|
6. Earnings per Share (Basic) |
(₹0.05) |
₹0.53 |
In the first quarter of 2024, RDB Realty & Infrastructure faced a net loss of ₹8.69 million, compared to a profit of ₹92.43 million in the previous quarter. Their revenue from operations increased, but high expenses, mainly due to construction activities, led to the loss. The earnings per share (basic) also dropped to (₹0.05) from ₹0.53.
Source: Here
RDB Realty & Infrastructure Limited
RDB Realty & Infrastructure Limited is a big company that started in 1981. It was part of a larger group called RDB Industries Limited. The company became independent and went public in 2010. They focus on building homes and commercial spaces like offices, malls, and shops.
RDB Realty & Infrastructure Limited is known for its high standards in building quality and delivering projects on time. They are a proud member of CREDAI Bengal and have an ISO 9001:2008 certification, which means they meet high quality standards.
The company is dedicated to making sure their customers are happy. They have built homes for over 5000 families and are always looking for new opportunities to grow. Their goal is to become one of the largest real estate companies in India, working together with customers, shareholders, and their team to achieve this.
1. What is RDB Realty & Infrastructure Limited?
RDB Realty & Infrastructure is a company involved in real estate and infrastructure development.
2. What were RDB Realty's Q1 2024 revenues?
The revenues were ₹3,650.44 million.
3. How did RDB Realty's Q1 2024 revenue compare to Q4 2023?
Revenue increased from ₹687.52 million in Q4 2023.
4. What were the total expenses for RDB Realty in Q1 2024?
The total expenses were ₹3,691.88 million.
5. Did RDB Realty make a profit or a loss in Q1 2024?
RDB Realty reported a net loss of ₹8.69 million.
6. How did the Q1 2024 profit compare to Q4 2023?
The profit decreased from ₹92.43 million in Q4 2023.
7. What were the basic earnings per share in Q1 2024?
The basic earnings per share were (₹0.05).
8. How much was RDB Realty's total income in Q1 2024?
The total income was ₹3,684.59 million.
9. What were the key expenses in Q1 2024?
Key expenses included construction activities and changes in inventories.
10. What was the company’s revenue from operations in Q1 2024?
The revenue from operations was ₹3,650.44 million.