New Delhi, Delhi, India
Ansal Properties & Infrastructure Ltd. (APIL), flagship Company of the Ansal API Group and a leading real estate developer in India, announced here today a vastly improved financial performance during the first quarter ending June 30, 2006 of the current financial year '06-07 on a stand alone basis.
The Total Income for Q1 'FY 06-07 stood at a healthy Rs. 16120 lakhs, as compared to Rs 8614 lakhs for Q1 FY '05-06, recording an increase of 87 %. Net profit, after tax at Rs.2822 lakhs was higher by 169% over the net profit of Rs 1048 lakhs posted during the same period last year.
EPS (Earning Per Share) has increased from Rs. 2.99 to Rs. 8.06, thus showing a jump of 169% Q1 2006-07 on Q1 2005-06 YOY.
After the board meeting here today wherein the first quarter financial results were taken on record, Mr. Sushil Ansal, Chairman, Ansal API group said, "The robust growth in this quarter is an indicator that we have carried forward the excellent results posted in the FY '05-06. We are looking at a consistent, healthy growth throughout this financial year as well."
The Sushil Ansal group has recently launched the new brand identity - Ansal API, to reflect the group's strength and solidity. The brand name, Ansal API and the new logo is now being used by the flagship company, Ansal Properties & Infrastructure Ltd. and all its group companies including Ansal Townships & Projects Ltd.
APIL has recently announced the amalgamation of Ansal Township & Projects Ltd. (ATPL), with itself. ATPL focuses on township development in Punjab and Rajasthan. The total land bank of the merged company (APIL plus ATPL, in Joint Venture & with Collaborators) including secured lands is over 5000 acres. APIL by itself is estimated to possess a substantial Land Bank. The proposed amalgamation with ATPL shall further improve the Land Bank. APIL has constructed approx. 26 Million Square feet of property in the last four decades.
About APIL (Ansal Properties & Infrastructure Ltd.):
BSE stock code- 500013
NSE symbol- ANSAL INFRA
APIL is the flagship Company of the Ansal API Group, which is driven by the pioneering vision of Mr. Sushil Ansal as its Chairman. With almost four decades of pioneering and successful track record of real estate promotion and development, both in residential and commercial segments, its greatest strength lies in its inherent ability to identify new growth opportunities.
Starting with Ansal Plaza, which has ushered in the shopping mall revolution in the country, development of well known Satellite Townships under the banner of "Sushant City" and land mark high rise commercial properties, the Company has now taken on the baton of pioneering development in many spheres apart from tier II cities. An ISO 9001:2000 company, it has gained recognition as a premier organization in the field of housing, institutional, commercial and industrial development.
To view the unaudited financial results please click on the link given below:
http://www.businesswireindia.com/attachments/Unaudited_Financial_Results(2).xls
Kunal Banerji, Vice President (Marketing & Corporate Communication) , Ansal API, +91 9810847720 kunal@ansalapi.com
Amit Jugran, Account Director, AdfactorsPR, +91 (011) 41345155-9 / +91 9810648598
Source: Ansal Properties and Infrastructure Limited (Business Wire India)
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