Alfred Herbert (India) Reports ₹48,047.16 Crore Exceptional Gain from Property Sale in Q1
Alfred Herbert (India) Limited, an investment company, reported a significant exceptional gain of ₹48,047.16 crore from the sale of its Whitefield, Bengaluru property in Q1 FY24. The company's total revenue from operations stood at ₹566.68 crore (standalone) and ₹572.59 crore (consolidated). Profit after tax reached ₹42,471.09 crore with earnings per share at ₹5,505.51. The company's revenue sources include interest income, dividend income, rental income, and net gain on fair value changes. The Board approved these unaudited financial results on August 7.
07Aug 25
Alfred Herbert (India) Reports Exceptional Q1 Profit on Property Sale
Alfred Herbert (India) Limited, a non-banking financial company, reported a standalone profit of ₹42,471.09 crore for Q1 FY24, compared to a loss of ₹35.41 crore in Q1 FY23. The profit surge was primarily due to exceptional items worth ₹48,047.16 crore from the sale of immovable property in Whitefield, Bengaluru. Total revenue from operations increased to ₹566.68 crore from ₹38.03 crore year-over-year. The company's basic earnings per share rose to ₹5,506.19 from -₹4.59 in the same quarter last year. The board approved these unaudited financial results on August 7.