Anantraj Industries Posts Impressive Results

New Delhi, Delhi, India

-- Profit After Tax Rises to Rs.20.01 Crores from Rs.0.19 crores
-- Income from Operations Increases 762% to Rs.38.97 Crores

Anant Raj Industries Limited, one of the leading real estate and Construction Company has posted an impressive performance for the quarter ended June 2006.

Income from operations during the quarter ended June 2006 increased by 762% to Rs.38.97 crores from Rs.4.52 crores reported in the corresponding quarter ended June 2005.

The PBDIT in the present quarter has increased substantially to Rs.31.56 Crores from Rs. 0.91 crores reported in the corresponding quarter ended June 2005.

The Profit After Tax has increased to Rs. 20.01 crores as against a meager profit of Rs. 0.19 crores reported in the corresponding quarter. Whereas Profit Before Tax during the March 2006 quarter has grown to Rs.30.10 crores from 0.22 crores in the corresponding quarter .

EPS (basic) for the quarter is at Rs.8.62

During the quarter, the Company allotted on preferential basis 35,00,000 fully paid up equity shares and 15,04,000 warrants to, (i) Lehman Brothers Asia ltd. A/c GRA Finance Corporation Ltd, (ii) ABN Amro Bank NV, and (iii) The Master Trust Bank of Japan Limited (A/c HSBC Indian Equity Mother Fund). The shares and warrants were issued at a rate of Rs. 600 per share, inclusive of premium of Rs. 590 per share.

About Anant Raj Industries Limited:

Anant Raj Industries Limited (ARIL) is part of the Anant Raj group. The group was established in 1969 to carry out third party construction services under the name Anant Raj Agencies.

Over the years the group has expanded/ diversified in to multiple companies and residential/ commercial developments - for self and third parties - are well recognized. The group is amongst the top few real estate developers in North India and is known for its high quality of developments.

Siddhartha Upadhaya, Mutual PR, + 91 9350852560 supadhyay@mutualpr.com

Anand Mahesh, Mutual PR, +91 9350266285 amahesh@mutualpr.com

Source: Anant Raj Industries Limited (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.