Thanks to the reduction in operating costs the company, despite the fall in net sales, managed to posted an increased consolidated net profit. The company for Q2FY15 posted a flat set of net revenue at Rs.184 crore v/s Rs.185 crore (YoY) in previous Q2. But it went on to reduce the costs by 24% and even as a percentage of total income earned, it came down from 58% to 45% (YoY).  In terms of segment wise break-up, the realty sector showed a 4% decline in topline but EBIT rose from 47% to 64%. The other segment, hospitality had a 11% rise in revenue but its EBIT fell from 15% to 10%.

The company, which was earlier debt free is now into debt. It acquired 25 acres of land in Borivali for Rs.1155 crore and this has led to a debt of Rs.750 crore through NCD @10.85%. Its long term borrowings as at 30th Sept 2014 stood at Rs.712.50 crore, which is quite a big jump from Rs.75 crore at end of FY14. Its interest cost has risen from Rs.9 lakh to Rs.2 crore (YoY). The next big trigger in the stock would be the new launches of Mulund and Worli.