Despite strong revenue growth, the company still reported a consolidated EBITDA loss of 15.7 crores, highlighting ongoing financial challenges.
Q: Can you explain how the DM fees from the DGA project with Max Estates are recognized? Is it based on sales collection or other factors? A: The DM fees are recognized based on collections. The collections are netted by brokerages, and the net amount collected after reducing pass-throughs like GST and other charges is billed quarterly. The project cycle is five years, but most revenues are expected in the first four years.
Q: Could you explain the nature of revenue from the RAD project and any associated costs? A: The revenue from the RAD project is from new leases, and the lease premium cost is the payment to the old lessee. The marketing fee earned is pure revenue for Antara, amounting to approximately 1.8 crores in the first six months. This revenue is expected to continue with ongoing resales.
Q: What is the outlook for Antara Assisted Care's revenue growth? A: While we don't make forward-looking statements, the trajectory suggests significant growth as capacity increases. We are already on an annual run rate of 25 crores, and by March next year, it could be higher, potentially reaching around 100 crores.
Q: Are there any challenges in fundraising for the company? A: There are no headwinds in fundraising. We are starting the process with a rights issue, and the promoters are confident in the business. We have board approval to proceed and are engaging with intermediaries to put documents in place.
Q: What is the status of the Bangalore project, and what are the plans for the Chandigarh project? A: The Bangalore project faced delays due to financial closure issues with the lender. We are pursuing alternative plans, including fast-tracking the Chandigarh project. For Chandigarh, we expect pricing around 8,590.00, with a premium for our brand and senior living facilities, aiming for a minimum 20% IRR.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.