Valor Estate Results: Latest Quarterly Results & Analysis

Realty company Valor Estate announced Q3FY25 results

• Revenue: Rs 329.50 crore compared to Rs 142.80 crore during Q3FY24.
• EBITDA: Rs 27.33 crore compared to Rs 481.67 crore during Q3FY24.
• PBT: Rs -6.25 crore compared to Rs 462.66 crore during Q3FY24.
• EPS: Rs 0.08 for Q3FY25.

Vinod Goenka, Chairman & Managing Director, said: “Valor Estate consistently fortifies its position, centering on the revitalization of brownfield sites, underpinned by our expertise in land consolidation and the establishment of lasting strategic alliances. Bolstered by adept project execution and a strengthened balance sheet, our portfolio is harmoniously diversified, encompassing residential, commercial, hospitality, and retail sectors. We are on the cusp of rapid expansion in the forthcoming years, with a steadfast commitment to augmenting shareholder wealth.”

Shahid Balwa, Vice Chairman & Managing Director, said: “The TEN BKC project is approaching its final stages, with a partial Occupancy Certificate already secured and an anticipated completion date set for mid-2025. Progress is being made on the demerger of our hospitality business, which has been officially admitted by the National Company Law Tribunal (NCLT). A court-convened meeting is slated to be arranged shortly. Looking ahead, we aim to further develop our substantial land bank of approximately 513 acres and to expand our portfolio through strategic partnerships focused on brownfield land development.”

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Realty company Valor Estate announced Q2FY25 results

• Revenue: Rs 79.05 crore compared to Rs 68.02 crore during Q2FY24.
• EBITDA: Rs -147.40 crore compared to Rs 967.10 crore during Q2FY24.
• PBT: Rs -167.52 crore compared to Rs 940.83 crore during Q2FY24.
• EPS: Rs -2.12 during Q2FY25.

Vinod Goenka, Chairman and Managing Director, said: “In recent years, we have transitioned from tribulations to stabilisation, laying a robust foundation for future growth and renewal. Our aim is to achieve continual growth and create shareholder value, supported by our customers, partners, and employees. Our robust balance sheet will help us towards the envisioned enduring success.”

Shahid Balwa, Vice Chairman and Managing Director, said: “Our exit from the Dahisar project has allowed us to repay a high-cost, near-term maturing loan, thereby reducing our debt to Rs 1,650 crore. Of this, Rs 1,000 crore will be repaid from the proceeds of the Ten BKC residential project, and Rs 535 crore pertain to the Grand Hyatt in Goa, which will be demerged into a hospitality entity. Our commitment to making the Company debt-free is on the verge of fruition. We are currently working on our next phase, which entails building our substantial land bank of more than 500 acres and assembling a portfolio of sustainable annuity-based assets.”

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Realty company Valor Estate announced FY24 & Q4FY24 results:

FY24 Financial Highlights:

• Consolidated Revenue for FY24 stood at Rs 1,609 crore as compared to Rs 807 crore in FY23, an increase of 100%
• Consolidated PAT for FY24 at Rs 1,320 crore as compared to a loss of Rs 90 crore in FY23

Q4FY24 Financial Highlights:

• Consolidated Revenue for Q4FY24 stood at Rs 153 crore as compared to Rs 76 crore in Q4FY23
• 484 key hotels acquired in Q2FY24, adding Rs 200 crore of operating revenues in the last two quarters

Commenting on the results, Shahid Balwa, Vice Chairman and Managing Director, said: “In the recent quarters, we have undertaken several strategic pivots, including the raising of equity capital, debtreduction, and establishing long-term partnerships with prominent real estate brands enabling synergies of strengths and our ability to move towards an asset light model for property development. Our ongoing efforts are directed towards maintaining a robust balance sheet, expanding our land bank and focused approach to property development opportunities in MMR, and strengthening our collaborations with strong real estate developers.

In terms of our hospitality vision, we have recently acquired stakes in two operating hotels comprising 484 keys and planned expansion to approximately 3,000 keys over the next 4-5 years. We have an experienced management team to help us achieve our goals. To unlock shareholder value, we propose to demerge our hospitality business from VEL, to allow for a differentiated strategy in terms of capital allocation, project management, operations, and hospitality focused leadership team.”

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D B Realty declares Q3FY22 result:

• DB Realty Limited reported a loss of Rs. 23.99 Cr on standalone basis for the third quarter ended December 2021. It has reduced its, losses from Rs. 244,64 Cr to Rs. 23.99 Cr quarter on quarter basis on standalone basis and from Rs. 352.10 Cr to Rs. 36.34 Cr on consolidated basis.
• The Company has taken a one time cost in its books during the-quarter ending December 2021 in relation to its project at Kalanagar and Worli which is not envisaged to be incurred on a.regular basis. It has also passed the entire accumulated losses in one of its partnership firm through the Profit & loss account, where it intends to exit from the project and is writing off its investment loss in the exited project. The loss in the quarter is not indicative of the operational performance but is on account of one time exceptional provisioning of the above exceptional items.
• The Company reaffirms its aim to be balance sheet light and debt free in near term. The robust off take in the current quarter and Pipeline of several projects planned to be launched In the current quarter and the coming quarters is indicative of a strong performance going forward.
• The Company is pleased to announce that it has recommended construction on the X BKC Project (1.40 million sq feet) undertaken in collaboration with Adani Realty
• The company also intends to soon launch the Liberty Tower (2.80 million sq feet) and BKC 101 (2.70 million sq feet) in this quarter In collaboration with Prestige Estates Projects Ltd,

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