Q1FY25 Results: Eraaya Lifespaces Reports 1800 pc Jump in Net Profit This Quarter

Eraaya Lifespaces has declared this fiscal quarter results, reporting a 1800 per cent jump in the net profit to Rs 95.49 lakh in June 2024 quarter as compared to Rs 4.84 lakh in June 2023 quarter.
Q1FY25 Results: Eraaya Lifespaces Reports 1800 pc Jump in Net Profit This Quarter

Q1FY25 Results: Eraaya Lifespaces Reports 1800 pc Jump in Net Profit This Quarter. Image: Canva

Eraaya Lifespaces has declared this fiscal quarter results, reporting a 1800 per cent jump in the net profit to Rs 95.49 lakh in June 2024 quarter as compared to Rs 4.84 lakh in June 2023 quarter.
The company reported decline in total expenses to Rs 72.25 lakh in the first quarter of the FY25 against Rs 2,747.85 in the quarter ended on June 30, 2023. For the year ended, 31st March 2024, the company reported 29,714.98 total expenses. The total revenue was reported at Rs 199.85 lakh compared to Rs 2,752.69 lakh in the June quarter of 2023.
In another exchange filing earlier this week, the company informed the shareholders that its board will meet this month for raising of funds and issuance of securities. Incorporated in 1967, Eraaya Lifespaces Limited (formerly known as Justride Enterprises Ltd.) is in the business of digital marketing services.
According to the data available on Screener, the company has reduced its debt and is now almost debt free. The BSE-listed stock has delivered multibagger returns of 492.09 per cent in the last 180 days. It moved higher by 6124.19 in the last one year.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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