Ashiana Housing net profit up at over Rs 129 cr in FY16

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Ashiana Housing today reported over two-fold jump in consolidated net profit to Rs 129.39 crore for the last fiscal on higher sales.

It had posted a net profit of Rs 46.49 crore in the 2014-15 fiscal, Ashiana Housing said in a regulatory filing.

Sales and other income also jumped over three-fold to Rs 536.05 crore in the 2015-16 fiscal from Rs 164.44 crore in the previous year.

"Area constructed increased to 23.4 lakh sq ft (FY16) vs 22.8 lakhs sq ft (FY15). Growth of 3 per cent year-on-year," the company said in a presentation.

"Booking Area decreased to 8.63 lakh sq ft (FY16) vs 18.12 lakh sq ft (FY15). Declined by 52 per cen YoY," it added.

The Delhi-based firm focuses on the development of homes for senior living. The company has projects in Jaipur, Bhiwadi, Gurgaon, Chennai, Jamshedpur, Lavasa and Halol.