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Arvind Infrastructure announces Q2FY15-16 results

| | Nov 10, 2015, at 04:52 am
#Arvind Infrastructure # Q2FY15-16 results
Ahmedabad, Nov 9 (IBNS): Arvind Infrastructure Limited, one of the emerging real estate players in the Real Estate Development space, has recorded a decline in the consolidated revenue to Rs. 7.87 crores for the quarter ended 30th September 2015, as against Rs.19.67 crores in the corresponding quarter of the previous year.
Consolidated EBIDTA is  at Rs.1.61 crores   as compared to Rs.2.79   crores  in the  corresponding   quarter  of the  previous  year.  
 
The Company   has posted  net  loss  of Rs.  0.30 crores  for the  quarter  ended 30th September, 2015   as  compared to a  loss of  Rs.  0.57 crores   in  the  corresponding   quarter  of the previous  year.
 
Commenting on the results   as  well  as  outlook  of the  Company,  Kamal  Singal, Managing   Director & CEO  said:   "The  performance  of the  Company  for the first  half  of the year is in line  with our expectation  despite various  challenges   faced by the real estate industry   mainly    because   of  subdued   market   conditions.   We anticipate   the  market sentiments  to improve over a period  of time  and the  company    is expected  to perform better  in the  second half  as compared to first  half  of the  current  financial  year."

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