Alpine Housing Development Reports Strong Q1 Results with 49.7% Revenue Growth
Alpine Housing Development's Q1 results show total income of Rs. 1,732.72 lakhs, up 49.7% year-over-year. Net profit increased 9.9% to Rs. 53.73 lakhs. Construction Unit generated Rs. 1,343.61 lakhs, while Manufacturing Division contributed Rs. 389.11 lakhs. The company's debt equity ratio improved to 0.13 from 0.17, and current ratio rose to 2.19 from 2.12. However, operating margin decreased to 2.72% from 23.11% in the previous quarter.
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Alpine Housing Development has released its unaudited financial results for the first quarter, showcasing robust growth and improved profitability. The company's board of directors approved these results at a meeting held on August 13.
Financial Highlights
The company reported a significant increase in total income for Q1, reaching Rs. 1,732.72 lakhs, compared to Rs. 1,157.40 lakhs in the same quarter of the previous year, marking a substantial growth of 49.7%. This impressive performance was driven by strong contributions from both the Construction Unit and Manufacturing Division.
The company's net profit also saw a notable improvement, rising to Rs. 53.73 lakhs from Rs. 48.90 lakhs year-over-year, representing a 9.9% increase. This growth in profitability translated to improved earnings per share, with basic EPS rising to Rs. 0.31 from Rs. 0.28 in the previous year's quarter.
Segment Performance
Alpine Housing Development operates through two primary segments:
- Construction Unit: Generated revenue of Rs. 1,343.61 lakhs
- Manufacturing Division: Contributed Rs. 389.11 lakhs to the total revenue
The Construction Unit remained the dominant segment, accounting for approximately 77.5% of the total revenue for the quarter.
Financial Ratios and Metrics
The company reported several key financial ratios for the quarter:
| Metric | Q1 | Q4 |
|---|---|---|
| Operating Margin | 2.72% | 23.11% |
| Net Profit Margin | 3.10% | 15.14% |
| Debt Equity Ratio | 0.13 | 0.17 |
| Current Ratio | 2.19 | 2.12 |
| Interest Service Coverage Ratio | 2.69 | 4.42 |
The debt equity ratio improved to 0.13 from 0.17 in the previous quarter, indicating a strengthening financial position. The current ratio also showed a slight improvement, rising to 2.19 from 2.12, suggesting enhanced liquidity.
Investor Relations
Alpine Housing Development reported no investor complaints during the quarter, reflecting positively on its investor relations practices. The company's commitment to transparency is evident in its prompt disclosure of financial results and adherence to regulatory requirements.
Outlook
While the company has shown strong revenue growth, the decline in operating and net profit margins compared to the previous quarter suggests potential challenges in cost management. However, the improved debt equity ratio and current ratio indicate a solid financial foundation for future growth.
Alpine Housing Development continues to demonstrate resilience and growth in a competitive market, with its diversified operations in construction and manufacturing contributing to its overall performance.
Historical Stock Returns for Alpine Housing Development
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.73% | -3.29% | +6.31% | +35.85% | +19.35% | +1,287.28% |
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