Valor Estate Ltd., a real estate development company, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
FY24 Highlights:
Consolidated Revenue: ₹1,609 crore (100% increase YoY compared to ₹807 crore in FY23)
Consolidated Profit After Tax (PAT): ₹1,320 crore (compared to a loss of ₹90 crore in FY23)
Q4FY24 Highlights:
Consolidated Revenue: ₹153 crore (compared to ₹76 crore in Q4FY23)
Acquisition: Acquired 484 key hotels in Q2FY24, adding ₹200 crore of operating revenues in the last two quarters.
Key Points:
Significant Revenue Growth: Valor Estate demonstrated exceptional revenue growth in FY24, attributed to the acquisition of key hotels and overall market performance.
Turnaround in Profitability: The company successfully turned around its profitability in FY24, reporting a substantial PAT compared to a loss in the previous year.
Strong Q4 Performance: The Q4 results further solidified the company's growth trajectory with increased revenue.
Further Information and Analysis:
For detailed analysis and insights on Valor Estate's Q4FY24 and FY24 results, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/valor-estate-ltd
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