east buildtech ltd share price Management discussions

ECONOMIC OVERVIEW

India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. Indian economy grew at the rate of 7.2 % in the year 2022-23 showed early signs of growth post various initiatives and reform measures undertaken by the Central Government. The Government has taken measures to boost spending by increasing the Capex allocation towards infrastructure projects by reforms in the budget. The Government is also taking various initiatives to unlock stuck investments in the core and infrastructure projects, revive investments from the private sector by reforming policy environment, improving the ease of doing business and accelerating the project related approvals.

INDUSTRY STRUCTURE AND DEVELOPMENT

The property market is back on the radar as homebuyers are on a shopping spree thanks to limited supply, ample liquidity and rock bottom interest rates. Further with the implementation of Real Estate (Regulation and Development) Act, 2016 it has improved the overall industry in long term and beneficial for all stakeholders of this Industry.

Rental sentiment improved

Even though there has been a noticeable shift towards homeownership, preferences for rental accommodations havent nosedived post-pandemic. It is now seeing an increasing trend of homebuyers moving out of city Centre towards the suburbs. The reasons for this shift include larger houses at affordable rentals in the suburbs versus the steep rentals in city Centre and improved transportation network.

Government of India is leaving no stone unturned for reviving the economy of the Country. It is either by promoting Make in India, Innovations, development of new start up, self reliant in all sectors especially Defense Sector or promoting export. Indian economy is of now $ 3.2 Trillion and targeting to $ 5 Trillion by the year 2025. It will be fastest growing economy in the World.

FINANCIAL PERFORMANCE WITH RESPECTTO OPERATIONAL PERFORMANCE

The financial statements have been prepared in accordance with the requirements of the Companies Act, 2013 and the applicable accounting standards issued by the ICAI. The management of East Buildtech Limited accepts the integrity and objectivity of these financial statements as well as the various estimates and judgments used therein.

CAUTIONARY STATEMENT

Certain Statements made in this report relating to Companys objectives, outlook, future plans etc. may constitute "forward looking statement" within the meaning of applicable laws and regulations. Actual performance may differ from such estimates, whether express or implied. Important factors that could make a difference to the Companys operations; include Government Regulations, Tax regimes, Economic developments and other allied factors.