bdr buildcon ltd Management discussions

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

INDUSTRY OVERVIEW

Our Company deals in all kinds of real estate projects primarily relating to the residential sector since its incorporation. Our principal focus, across our developments, is on premium residential projects as we believe that there exist significant growth opportunities in this segment of the real estate market. Most of our residential projects involve the construction of apartment complexes with multiple story apartment buildings. With each home a hallmark of an incredible amalgamation of luxury, comfort and style, BDR homes have been crafted keeping the dreams of the residents in mind.

OPPORTUNITIES

These are unprecedented times for the real estate sector. With several transformational changes implemented now days, the sector is witnessing paradigm shift. As a result, the going has been tough for the last couple of years, but there are signs that the sector will soon be reviving. The dust of RERA and GST is showing signs of settling down. The factors that are going to drive the demand going forward, with regulatory reforms out of the way, are rapid urbanisation, rising incomes, and the emergence of affordable and nuclear housing.

THREATS

1. Industrial Cyclicality

The real estate market is inherently a cyclical market and is affected by macroeconomic conditions, changes in applicable governmental schemes, changes in supply and demand for Projects, availability of Consumer financing and liquidity.

2. Statutory Approvals

The real estate sector in India is heavily regulated by the central, state and local governments. Real estate developers are required to comply with a number of laws and regulations, including policies and procedures established and implemented by local authorities in relation to land acquisition, transfer of property, registration and use of land. These laws often vary from state to state.

OUTLOOK

The Indian real estate sector is on the cusp of a major transformation. Indias major fragmented property sector is witnessing a major change as far reaching reforms like the introduction of GST and the Real Estate (Regulation and Development) Act, 2016 (RERA) drive consolidation. These changes combined with the most affordable house prices in decades should lead to an improvement in sentiment which is extremely important for the revival of the sector. We strongly believe our focus on building presence in high return markets with a deep focus on execution across our project portfolio puts us in a strong position to benefit from a robust recovery in the sector and improve market share in the years ahead.

HUMAN RESOURCE MANAGEMENT & SAFETY

During the financial year, the Company had cordial relations with workers, staff and officers. Company believes in empowering its employees through greater knowledge, team spirit and developing greater sense of responsibility.

INTERNAL CONTROL SYSTEM

The Company has adequate internal control systems and procedures designed to effectively control the operations. The internal control systems are designed to ensure that the financial and other records are reliable for the preparation of financial statements. The Company has well designed Standard Operating Procedures.

FINANCIAL RESULTS

The Companys financial performances for the financial year under review along with previous years figures are given hereunder:

PARTICULAR	2022-23	2021-22
Income from:
-Business Operations	Nil	Nil
-others	5,158	41,48,526
Total Income	5,158	41,48,526
Less Interest	Nil	Nil
Expenses (including other expenses)	43,23,936	7,68,134
Profit before Depreciation	(43,18,778)	33,80,392
Less Depreciation	Nil	Nil
Profit after depreciation and Interest	33,80,392	33,80,392
Less Current Income Tax	Nil	Nil
Less Previous year adjustment of Income Tax	3,35,180	Nil
Net Profit after Tax	(46,53,958)	33,80,392
Balance carried to Balance Sheet	(46,53,958)	33,80,392
Earning per share (Basic)	(0.70)	0.51
Earning per Share (Diluted)	(0.70)	0.51

 

		On order of Board of Director
		For BDR Buildcon Limited
	SD/-	SD/-
Date: 28.07.2023	Rajesh Gupta	Renu Gupta
Place: New Delhi	Managing Director	Director
	DIN-00163932	DIN-00163749