KOCHI: Asset Homes Pvt Ltd has demonstrated robust financial health in its provisional results for the fiscal year 2025, buoyed by a 12.76 per cent increase in net profi to Rs15.38 crore for the finandial year.
The company reported revenue from operations of Rs270.71 crore, even as the developer actively plans to expand its footprint beyond Kerala to international markets like Dubai.
The financial risk profile of Asset Homes remains moderate and has shown considerable improvement. Standalone tangible net worth has risen to Rs90.84 crore, while maintaining a healthy debt-to-equity ratio of 0.84 times in fiscal 2025.
This builds on a positive trend from fiscal 2024, where the debt-to-equity ratio improved to 1.13 times from 1.40 times a year prior. At a consolidated level, the Asset Group’s financials also reflect a healthy position, with a tangible net worth of Rs65.31 crore in fiscal 2024 and a gearing ratio of 1.15 times, down from 1.32 times in the previous fiscal.
On the operational front, Asset Homes continues to maintain a strong presence across Kerala, with projects in ten cities. The developer has a proven track record, having completed 95 projects totaling over 65 lakh sq. ft.
According to a credit rating agency report, the Asset Homes currently has 24 ongoing residential projects, representing 22.05 lakh sq. ft., for which it has secured adequate bookings. Backed by a sizable project pipeline, the company is now planning to expand its operations to Dubai, marking a key strategic step beyond its traditional market.
Adding a strong third-party validation to its performance, credit rating agency CRISIL has reaffirmed its real estate developer grading on Asset Homes at ‘DA2+’. The grading indicates the company’s ability to execute projects in line with its specified quality levels and timelines, and transfer clean titles is “Very Good.”
CRISIL’s rationale highlighted the company’strong brand image and adequate financial profile as key strengths. However, it also noted potential risks from the company’s geographical concentration in Kerala and its limited segmental presence in commercial and retail development.
