New Delhi, Delhi, India
-- Rs 683 crs raised from global investors like George Soros, Morgan Stanley and Government of Singapore Investment Corporation Pte Ltd through sale of stake.
Anant Raj Industries Limited, one of the leading real estate & construction companies , today announced its results for the quarter ended March,2007. The company has posted a strong financial performance for Q4 FY2006 riding on the back of robust demand for housing and commercial space in the country.
Financial Overview FY 2005 -06 vs FY 2006 -07:
Income from operations increased by 258% to Rs 207crs from Rs 57crs in the corresponding period last year.
The EBDITA increased by 340% to Rs 180 crs . The figure stood at Rs 41 crs last year.
The Profit after Tax increased by 365% to Rs131 crs compared with Rs28 crs for last year.
The EPS for the year stood at Rs46.05 and Rs 44.96 on a diluted basis.
Financial Overview Q4 FY2005 -6 vs Q4 FY 2006 -07:
Income from operations increased by 92%to Rs 48 crores from Rs 25 crores reported in the corresponding quarter last year.
The EBDITA in the present quarter increased 106% to Rs.41 crores from Rs 20 . crores reported in the corresponding quarter ended March 2006
The Profit After Tax(PAT) has increased by 85% to Rs 26 crores as against Rs14 crores reported in the corresponding quarter. Whereas Profit Before Tax(PBT) during the March 2007 quarter has grown to Rs.39crores showing a growth of104%.
EPS for the quarter is at Rs. 9.28 and diluted EPS stood at Rs 9.06 .
Commenting on the impressive performance Mr Anil Sarin, Joint Managing Director said " We have had a very successful year on the back of strong demand for housing and commercial projects.The results reflect the strong fundamentals of the company and the growth potential in the real estate sector which has been a key driver of growth . The recent investments by reputed global investors is a testimony to that end". The company has recently raised over Rs 683 crs from foreign investors like George Soros, Morgan Stanley and Government Of Singapore Investment Corporation Pte Ltd who have bought a stake in the company.
About Anant Raj Industries Ltd:
Anant Raj is one of the leading players the in Real Estate & Construction sector based in New Delhi. Established in 1969,the Rs 2000mn company has interests in specialized construction activities for the hospitality and entertainment sectors. The company has real estate experience of more than three decades and has completed developments of residential, official & shopping Malls in addition to roads, parks etc.
Source: Anant Raj Industries Limited (Business Wire India)
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