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Realty company KBC Global announced Q3FY22 results:
- Q3FY22:
- Revenue from Operations has degrown from Rs. 394.07 Mn in Q3 FY 21 to Rs. 288.25 Mn in Q3 FY22.
- The EBITDA has increased to 24.87% in Q3 FY 22 from 18.06% in Q3 FY21 led by the introduction of a new revenue segment of “Business Support Services” to the real estate sector.
- Net profit has increased by 18.23% from Rs. 37.37 Mn in Q3 FY21 to Rs. 44.18 Mn in Q3 FY22.
- PAT margin has increased to 15.33% in Q3 FY22 from 9.48% in Q3 FY21.
- 9MFY22:
- Revenue from Operations has degrown from Rs. 758.47 Mn in 9M FY 21 to Rs. 641.02 Mn in 9M FY22
- The EBITDA has increased by 44.83% from Rs. 153.35 Mn in 9M FY21 to Rs. 222.09 Mn in 9M FY22 and with EBITDA margins from 20.22% in 9M FY21 to 34.65% in 9M FY22 mainly driven by additional margin contribution from the new revenue segment of “Business Support Services” to the real estate sector.
- Net profit stood at Rs. 150.68 Mn in 9M FY22, compared to Rs. 75.85 Mn in 9M FY21 recorded a significant growth of 98.67%
Commenting on the performance of 9M FY22, Mr. Naresh Karda, Chairman & Managing Director, said “Revenue from operations has degrown from Rs 758.47 Mn in 9M FY21 to Rs 641.02 Mn in 9M FY22, whereas our EDITDA and PAT margins expanded significantly by 44.83% and 98.67% respectively from Rs 153.35 Mn & Rs 75.85 Mn in 9M FY21 to Rs 222.09 Mn & Rs 150.68 Mn in 9M FY22. This has been majorly contributed by addition of a new segment of “Business Support Services” which has a higher margin. This segment consists of KCL rendering consultancy and business advisory services in the real estate sector using our existing expertise and resources in this business.
The residential business continues to tread on its growth trajectory with healthy traction and strong demand momentum across segments and geographies. We are encouraged by the rising housing sales and improving consumer sentiments across the segments and remain committed to bringing new offerings to the market. We believe our quality offerings across our completed inventory and the upcoming new project pipeline.
We are optimistic with these improving demand trends in the residential markets and expect the same trend to remain in the long run. Given this positive outlook supported by improved fundamental drivers, we continue with our endeavor of bringing new offerings across segments and geographies. With an increasing volumes and well calibrated price hikes, we expect further margin expansion for our projects.”
