AIIL Q2 : CONS NET PROFIT DOWN 45.5% AT ₹418 CR (YOY), DOWN 62.4% (QOQ). WEAK (ON 1ST LOOK)

• Revenue from operations up 12.6% at ₹680.86 Cr (YOY), down 53.7% (QOQ). • Total income up 12.6% at ₹685.44 Cr (YOY), down 53.9% (QOQ). • Finance costs up 45.6% at ₹61.88 Cr (YOY), down 3.9% (QOQ). • Impairment on financial instruments at ₹43.51 Cr v ₹69.66 Cr (QOQ); prior year had reversal of ₹20.28 Cr. • Caution: Open Elite Developers has accumulated losses of ₹902.35 Cr and negative net owned funds.

Authum Investment & Infrastructure Limited

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