Source Name: Karda Constructions Limited
|
|||
Karda Constructions Ltd. Registers Impressive Growth in Q4 FY20 YOY
| |||
Nashik, Maharashtra, India BSE and NSE listed, Real Estate Giant, Karda Constructions Ltd., with Presence across all segments - Low, Medium and Premium, has achieved a turnover of Rs. 114.12 cr in FY20 as compared to a turnover of Rs. 105.30 cr in FY19, thereby achieving growth in turnover by 8.37% over the last Fiscal Year. The company has successfully delivered over 1 mn sq. ft. Carpet Area.
Karda Constructions Limited posted good income, sales volume and collections during FY20 despite challenges thrown by COVID-19 during last fortnight of the fourth quarter.
"Despite lockdown, disrupted demand outlook and complete washout of economic activities in the real estate sector, the company announced recently, that we were able to achieve 80% of sales turnover during Q4 FY20 as compared to Q4 FY19. Also, we have achieved turnover of Rs. 114.12 cr in FY20 as compared to a turnover of Rs. 105.30 cr in FY19, thereby achieved growth in turnover by 8.37% over the last Fiscal Year," said Mr. Naresh Karda, CMD.
The pandemic has opened a new era of selling real estate. Priorities of people have also changed, and they now have realized the importance of owning a home, especially the ones that can guarantee safety and security.
Hari Sanskruti Project
The company said that its focus would be on improvising the processes, adaptable approach in business, use of technology & online and digital platforms and cost optimization for better performance and for reaching out to the millennial that constitute the larger part of buyers. |
|||