Bhudevi Infra Projects Q1 Results Zero Revenue & ₹21.15 Lakhs Loss Before Tax

Bhudevi Infra Projects Quarterly 

Bhudevi Infra Projects Q1 Results: Bhudevi Infra Projects saw significant changes in their financial performance in the first quarter of 2024. Their total revenue dropped to zero, down from 2 crores in the previous quarter and the same as a year ago. This means they didn't earn any revenue this quarter. Their expenses on selling, general, and administrative costs increased slightly by 10.63% compared to the last quarter and saw a huge rise of 561.43% compared to the same quarter last year. 

Bhudevi Infra Projects increase is because their costs grew a lot from a year ago. The total other operating expenses decreased by 45.33% from the previous quarter but rose by 8.84% from last year. Their total operating expenses, which now include a negative amount from the previous quarter, were up by 74.07% year-over-year.

Bhudevi Infra Projects’operating income, net income before taxes, and net income were all negative this quarter, showing a drop from the positive amounts in the previous quarter. The diluted normalized earnings per share (EPS), which indicates the company's profit per share, fell sharply from 4.16 in the last quarter to -0.46, a decrease of 73.75% compared to last year. This shows that the company is struggling financially.

Here is the summary of Bhudevi Infra Projects' Q1 results:

Source: Here 

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Bhudevi Infra Projects Q1 Results

Bhudevi Infra Projects reported no revenue from operations, compared to ₹200.25 lakhs in the previous quarter for the first quarter ended June 30, 2024. Bhudevi Infra Projects also had no other income during this period, whereas it had ₹5.05 lakhs in the last quarter. As a result, the total income for Q1 2024 was ₹0.00 lakhs, a decrease from ₹205.30 lakhs in the previous quarter. Expenses included changes in inventory, construction expenses, employee benefits, finance costs, depreciation, and other expenses. 

Bhudevi Infra Projects’ total expenses for the quarter amounted to ₹21.15 lakhs, which is higher than the negative total expenses of -₹15.68 lakhs in the previous quarter. This resulted in a loss before tax of ₹21.15 lakhs, compared to a profit before tax of ₹220.98 lakhs in the last quarter. After accounting for taxes, the company reported a net loss of ₹21.15 lakhs for the quarter. The earnings per share were -₹0.46, compared to ₹4.16 in the previous quarter. The financial results were reviewed by the company’s auditors and approved by the Board of Directors.

Here’s the data table information:

(Rs. in Lakhs)

Bhudevi Infra Projects Q1 Financial Metrics 

The table shows key financial details for Bhudevi Infra Projects. The company has a market cap of ₹22.4 Crores, meaning it's valued at that amount in the market. The current stock price is ₹48.7, which is the price at which shares are trading. The stock's highest price was ₹48.7, and its lowest was ₹21.3. The Price-to-Earnings ratio is 26.9, showing how much investors are willing to pay per rupee of earnings. The book value is ₹1.46, representing the company’s net worth per share. 

Here’s the information in a table format:

Quarterly Results 

The table for Bhudevi Infra Projects shows the company's financial performance across several quarters. It includes data on sales, expenses, operating profit, and other key figures. Sales refer to the company's total revenue, while expenses cover the costs incurred. Operating profit indicates how much profit the company makes from its core operations. 

Here's the data for Dec 2023, Mar 2024, and Jun 2024:

About Bhudevi Infra Projects 

Bhudevi Infra Projects, previously known as Aarv Infratel, is an emerging real estate company dedicated to providing high-quality residential projects in Telangana. Bhudevi Infra Projects focuses on creating homes that offer comfort and happiness, aiming to make each house a perfect place for people to live. With more than 30 years of combined experience from its founders, Bhudevi Infra Projects stands on strong principles of ethics and integrity.

Bhudevi Infra Projects are committed to delivering the best possible outcomes for their clients by maintaining transparency and clear communication throughout every project. The company values customer feedback highly, making sure to use it to improve and adapt their strategies. This approach helps them build trust and strong relationships with their customers, ensuring that every experience with Bhudevi Infra Projects is positive and memorable. Their goal is to not just meet but exceed expectations, providing homes where people can truly feel happy and satisfied.