Hampton Sky Realty’s Q3FY24 Net Sales At Rs 50.98 Cr; Check Details Here

Net sales of Real Estate company Hampton Sky Realty stood at Rs 50.98 crore in the third quarter of FY24 up 463.3 per cent from Rs 9.05 crore in the third quarter of FY23. Whereas, net profit of the company stood at Rs 1.40 crore in the third quarter of FY24 down 6.37 per cent from Rs. 1.49 crore in December 2022.

EBITDA stands at Rs. 3.77 crore in December 2023 up 83.01% from Rs. 2.06 crore in December 2022.

Also, the EPS has decreased to Rs. 0.05 in Q3FY24 from Rs. 0.05 in Q2FY23. EBITDA stands at Rs. 3.77 crore in Q3FY24 up 83.01% from Rs. 2.06 crore in Q2FY23.

Earlier, Hampton Sky Realty Ltd disclosed plans to launch a High Street Commercial Project spanning 12 acres of land in Ludhiana. This upcoming project, boasting 500K space, will be developed within the municipal limits of Ludhiana along NH-5, linking Ludhiana with Chandigarh.

Commenting on the Q3FY24 Performance, Management added, "Our third quarter financial results for fiscal year 2024 reflect robust growth across key performance indicators. Revenue from Operations soared by an outstanding 260%, reaching Rs. 59.02 Cr, a substantial increase from Rs. 16.39 Cr in Q3FY23. This remarkable achievement is indicative of our unwavering commitment to operational excellence and strategic initiatives. Our EBITDA demonstrated a substantial 81% increase, reaching Rs. 7.68 Cr in Q3FY24 compared to Rs. 4.24 Cr in the same quarter last year."

"In addition, our Profit Before Tax (PBT) increased by 58%, from Rs. 4.04 Cr to Rs. 6.40 Cr, demonstrating our business model's resilience. PAT, however, decreased by 17% from Rs. 3.67 Cr in Q3FY23 to Rs. 3.05 Cr in Q3FY24. This decline can be attributed to the deferred tax impact, and we are actively addressing measures to optimize our tax strategy for sustained financial performance. Along with our financial success, we are excited to announce the groundbreaking of Hampton Narayana Superspeciality Hospital (HNSH) in Ludhiana. This significant project has been undertaken in collaboration with Narayana Hospitals Ltd (NHL), a renowned hospital chain headed by Dr. Devi Shetty.

The HNSH project is expected to be completed by FY 2025-26 for 200 crores," the management stated.
"In alignment with our commitment to community well-being, this state-of-the-art hospital will provide high-quality healthcare services at affordable rates, ensuring accessibility to advanced medical treatment for the surrounding areas. With the hospital operational, it will add to around Rs. 250 Cr revenues annually. The hospital unit will achieve a max PAT of around 35% at its peak," the management of Hampton Sky Realty said in a regulatory filing.

Meanwhile, the company's shares have given 14.19 per cent returns over the last 6 months and 13.11 per cent over the last 12 months.

Hampton Sky Realty Limited specializes in real estate, textiles, and share and derivative trading. The company is divided into three divisions: the Real Estate Division, the Textile Division, and the Trading in Shares and Derivatives Division.