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Arihant Superstructures Ltd.

BSE: 506194 Sector: Infrastructure
NSE: ARIHANTSUP ISIN Code: INE643K01018
BSE 00:00 | 15 Sep 23.50 0
(0.00%)
OPEN

23.50

HIGH

23.50

LOW

23.50

NSE 11:04 | 01 Oct 19.75 0
(0.00%)
OPEN

20.65

HIGH

20.65

LOW

19.75

OPEN 23.50
PREVIOUS CLOSE 23.50
VOLUME 500
52-Week high 44.00
52-Week low 16.50
P/E
Mkt Cap.(Rs cr) 97
Buy Price 24.10
Buy Qty 9.00
Sell Price 23.50
Sell Qty 910.00
OPEN 23.50
CLOSE 23.50
VOLUME 500
52-Week high 44.00
52-Week low 16.50
P/E
Mkt Cap.(Rs cr) 97
Buy Price 24.10
Buy Qty 9.00
Sell Price 23.50
Sell Qty 910.00

Arihant Superstructures Ltd. (ARIHANTSUP) - Chairman Speech

Company chairman speech

Financial Year 2019-20 was a difficult year for the Indian Real EstateIndustry due to a challenging macro-economic environment. Sales for the sector dropped tohistoric lows inputs costs increased due to abolishing of input tax credit severeliquidity crisis due to NBFC defaults and piling up of inventory due to weak homebuyersentiments added to the somber mood. Flowever we at Arihant have sold 874 units amountingto INR 3.25 billion worth of Inventory in FY20.

While the end of the year saw significant disruption due to thelockdown at the end of Q4 FY20 I'm happy to share that we at Arihant are prepping up torevamp our operations across all verticals smoothly while eyeing on strategic growth in afew regions. We see this situation as deferment in demand as we find strong interest inour all projects and we hope that should translate into sales velocity over a period oftime from homebuyers once lockdown is lifted over completely and we revert to normaleconomic activity.

Since inception we have witnessed many such business cycles and haveemerged stronger each time. Our focus remains on normalizing our operations in a timelymanner and achieve the same level of activity as was Pre-Covid-19.0ur delivery has beenconsistent over the past years and we have successfully delivered 918 nuits amounting to745522 Sq. Ft. Resuming construction activity is the key to normalizing operations andgenerating cash flows as we follow the 'percentage of completion' method.

Going forward we aim to maintain our position in Navi Mumbai &Jodhpur Rajasthan. We are quite hopeful on the affordable housing front wherein we haveperformed extremely well & delivered projects over the past two decades.We are currently looking to acquire smaller projects to the tune of 250-1000 units wherewe can have Quick Churn and speed-up the development. We are conceptualizing new designswith 'Work from Flome' with a proper office area inside the apartment. Post Covid-19 weexpect to see a shift of homebuyers from densely populated areas to emerging markets withnewer infrastructures & better connectivity whilst providing spacioushomes at an affordable price. We have successfully transformed our marketing & salesefforts though digital & social media which is already givingencouraging results.

Our first priority has been to ensure that our workforce is safe. Lotsof laborers remained at our construction sites throughout the lockdown and we providedthem meals and sanitized living conditions. For our employees we've maintained salarylevels and bonuses and avoided any layoffs.

Navi Mumbai - MMR and Jodhpur Rajasthan will continue to be"PREFERRED CITY" for living as robust INFRASTRUCTURE is getting created whichwill boost CONNECTIVITY making them great liveable cities.