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Home / India News / 2007 / January / January 18, 2007
Anantraj Industries Reports Stronge Performance-Income up 284% to Rs.73.38 Crores

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Anantraj Industries Reports Stronge Performance-Income up 284% to Rs.73.38 Crores

New Delhi, Delhi, India

Anant Raj Industries Limited, one of the leading real estate and construction company posted a strong financial performance for Q3 FY2007.

The Total Income increased by 284%% to Rs.73.38 crores from Rs.19.07 crores reported in the corresponding quarter.

The PBDIT in the present quarter increased 352% to Rs.66.20 crores from Rs.14.64 crores reported in the corresponding quarter ended December 2005.

The Profit After Tax has increased to Rs. 42.30 crores as against Rs. 12.00 crores reported in the corresponding quarter showing a jump of 252%.

Whereas Profit Before Tax during the period has grown by % to Rs.crores from Rs. crores reported in the corresponding quarter.

EPS(diluted) for the quarter is at Rs.14.94

The Board of Directors in its meeting has also approved the scheme of amalgamation of 12 group companies with the company.

During the quarter, the board has authorized the company to issue equity shares not exceeding Rs.1225 crores through one or more private or public offer to the qualified institutional buyers.

About AnantRaj 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.

The company has been alloted 25 acres of land at Rai, Sonipat Haryana by Haryana State Industrial Development Corporation for development of an Information and Technology Park.The Company is developing an area of 48,00,000 Sq.ft. thereat.

To view the press release along with the tables please click on the link below

http://www.businesswireindia.com/attachments/Anant_Raj_Results_Q3_07.doc

Ajit Parmar, Mutual PR, +91 9312784194 ajit@mutualpr.com

Sunil Singh, Mutual PR, +91 9312784197 sunil@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.

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