The consolidated total income stood at Rs 65.7 crore as against Rs 154.2 crore in the June quarter and Rs 37.4 crore in the same period a year ago, the company said in a regulatory filing.
During the quarter, the company has achieved residential sales of Rs 303 crore, with bookings for 3.90 lakh sq ft space and attained collections of Rs 171 crore.
“We have seen encouraging demand growth in both our residential and industrial parks businesses in Q2 FY22. Further, project execution has gained pace We have multiple launches lined up in H2 FY22 across our priority markets and are hoping for a strong operational performance through the second half of the year. With the gradual easing of travel restrictions, conversion of enquiries is likely to pick up pace in our industrial parks business,” said Arvind Subramanian, MD & CEO, .
During the quarter, the company launched a project at Mahindra World City (MWC) Chennai with an area of 2 lakh sq ft. It has leased 27.7 acres across MWC Jaipur and MWC Chennai.
The company’s consolidated cost of debt stood at 6.7 per cent, while the standalone cost of debt stood at 5.7 per cent.
