New Delhi, Delhi, India
Ansal Properties & Infrastructure Limited, the leading real estate developer in India announced its annual results for the current financial year April 01, 2005 - March 31, 2006.
Net Profit for the year 2005-06 stood at Rs 4,056 Lacs as against 1,362 Lacs in the year 2004-05, thus showing an increase of 198%. Further the total turnover for the year ended March 31, 2006 stood at a healthy Rs 35,514 Lacs, as compared to Rs 21,288 Lacs for 2004-05, posting a 67 % increase.
Net profit for the quarter ended on March 31, 2006, has increased from Rs 440 lacs to Rs. 1,172 lacs thereby showing a growth of over 166% as compared to the corresponding period of the previous year. Further the total turnover for the quarter ended on March 31, 2006, has recorded a jump of 37 % i.e. Rs. 13,118 lacs as against Rs. 9,577 lacs for the corresponding period ended on March 31, 2005.
EPS (Earning Per Share) has increased from Rs. 7.78 to Rs. 23.18, thus showing a jump of 198% as compared to year on year basis. The Board of Directors have recommended a final dividend for the year 2005-2006 @ 20% on Equity shares.
Speaking on the annual results Mr. Sushil Ansal, Chairman, Ansal Properties & Infrastructure, said "A 198% increase in our Net profit, is an indicator of our strong fundamentals that has seen us growing constantly over the years, especially through in the last financial year. The company has huge plans for future expansion and growth and the current financial year's results have strengthened our resolve".
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 Financial Results please click on the link given below:
http://www.businesswireindia.com/attachments/result_march_2006.xls
Kunal Banerji, Vice President (Marketing & Corporate Communication) , Ansal API Ltd., +91 9810847720
Amit Jugran, Account Director, AdfactorsPR, +91 (011) 41345155-9 / +91 9810648598
Source: Ansal API Ltd. (Business Wire India)
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