RDB Realty & Infrastructure Q1 Results 2024: Revenue Up but Losses Increase

In the first quarter of 2024, RDB Realty & Infrastructure Limited reported lower revenue and profit compared to the previous quarter. The company earned ₹3,650.44 million from operations, which is a big increase from ₹687.52 million in the last quarter of 2023. However, their total income was ₹3,684.59 million, still higher than the ₹699.34 million reported in Q4 2023.

The company's expenses increased significantly to ₹3,691.88 million in Q1 2024 from ₹569.69 million in the previous quarter. The rise in expenses mainly came from construction activities, which saw a big jump. Because of these high expenses, the company faced a loss of ₹8.69 million in Q1 2024, compared to a profit of ₹92.43 million in the last quarter.

RDB Realty & Infrastructure Q1 Results 2024

RDB Realty & Infrastructure had a challenging first quarter with a decrease in profit and an increase in costs, impacting their financial performance.

Here’s the RDB Realty & Infrastructure Q1 Results 2024:

In the first quarter of 2024, RDB Realty & Infrastructure faced a net loss of ₹8.69 million, compared to a profit of ₹92.43 million in the previous quarter. Their revenue from operations increased, but high expenses, mainly due to construction activities, led to the loss. The earnings per share (basic) also dropped to (₹0.05) from ₹0.53.

Source: Here

RDB Realty & Infrastructure Limited 

RDB Realty & Infrastructure Limited is a big company that started in 1981. It was part of a larger group called RDB Industries Limited. The company became independent and went public in 2010. They focus on building homes and commercial spaces like offices, malls, and shops.

RDB Realty & Infrastructure Limited is known for its high standards in building quality and delivering projects on time. They are a proud member of CREDAI Bengal and have an ISO 9001:2008 certification, which means they meet high quality standards.

The company is dedicated to making sure their customers are happy. They have built homes for over 5000 families and are always looking for new opportunities to grow. Their goal is to become one of the largest real estate companies in India, working together with customers, shareholders, and their team to achieve this.