East Buildtech Q1 Results Financials From Loss to Profit with ₹0.45 Crores in Revenue

East Buildtech Q1 Results

East Buildtech Q1 Results: East Buildtech's financial results for the quarter ended June 30, 2024, show a strong performance compared to the same period last year. The company's revenue from operations reached ₹45.25 lakhs, a significant increase from just ₹3.63 lakhs in June 2023. This growth in revenue indicates that the company has improved its sales and business activities. The total revenue, including other income, was ₹45.27 lakhs, compared to ₹3.69 lakhs the previous year, reflecting overall business growth.

In East Buildtech expenses, the total reached ₹10.90 lakhs, which is lower than the ₹37.76 lakhs reported for the year ending March 31, 2024. Key expenses included ₹0.74 lakhs for employee benefits and ₹7.06 lakhs for other expenses, showing that the company is managing its costs effectively. The profit before tax for the quarter was ₹34.36 lakhs, a significant turnaround from a loss of ₹3.48 lakhs last year.

East Buildtech After accounting for tax expenses of ₹8.93 lakhs, the net profit for the period was ₹25.43 lakhs, compared to a loss of ₹2.57 lakhs last year. The earnings per share (EPS) were ₹1.35, indicating strong profitability. Overall, the results reflect a positive trend for EAST BUILDTECH, showcasing growth and improved financial health.

Here’s a simplified table summarizing the unaudited financial results for EAST BUILDTECH for the quarter ended June 30, 2024:

(Amount in Lacs)

Source: Here 

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East Buildtech Financial Metrics

The East Buildtech table provides important financial information about the company. It shows that the company's market capitalization is ₹7.92 crore, meaning that this is the total value of all its shares. The current stock price is ₹42.2, and the highest price in recent times was ₹42.2, while the lowest was ₹23.0. The price-to-earnings (P/E) ratio is 29.3, which helps investors understand how much they are paying for each unit of profit. The book value is ₹34.2, indicating the value of the company's assets minus its debts. 

Here’s a simple breakdown of the financial information you provided:

Quarterly Results

In the financial data for East Buildtech from December 2023 to June 2024, sales increased significantly, reaching Rs. 0.45 crores in June 2024, compared to Rs. 0.14 crores in December 2023. Expenses also rose slightly, but not as much as sales. The operating profit improved notably, from Rs. 0.07 crores in December 2023 to Rs. 0.36 crores in June 2024, indicating better cost management and efficiency. The operating profit margin (OPM) increased, showing the company became more profitable relative to its sales.  

Here’s the quarterly results data for December 2023, March 2024, and June 2024 with particulars:

Figures in Rs. Crores

About East Buildtech 

East Buildtech is a company that started in 1984. It was originally called Bajrang Leasing and Finance Company. The founder of EBL is Shri Jagdish Prasad Chokhani. The main work of EBL is to buy land and build different types of properties, such as houses, apartments, shops, and offices.

East Buildtech also focus on developing infrastructure. EBL went public with an Initial Public Offering (IPO) in 1986 and later offered a Rights Issue in 1992. Today, EBL is known for its commitment to quality construction and development in the real estate sector.