Strong Performance from Anantraj Industries

Strong Performance from Anantraj Industries

? Income up 421% to Rs.46.11 crores
? PAT up 10 times to Rs.27.02 crores


New Delhi, 26th October, 2006: Anant Raj Industries Limited, one of the leading real estate and construction company posted a strong financial performance for Q2 FY2006.

Financial Highlights:
In Rs. Crores
Particulars Quarter ended September 30 ‘06 Quarter ended September 30 ‘05
Total turnover 46.11 8.84
Profit before tax & depreciation 39.39 4.26

Provision for income tax 12.38 1.04
Net profit after tax & depreciation 27.02 2.56


The Total Income increased by 421% to Rs. 46.11 crores from Rs. 8.84 crores reported in the corresponding quarter.

The PBDIT in the present quarter increased 660% to Rs. 40.69 crores from Rs.5.35 crores reported in the corresponding quarter ended September 2005.

The Profit After Tax has increased to Rs. 27.02 crores as against Rs. 2.56 crores reported in the corresponding quarter showing a jump of almost 10 times.

Whereas Profit Before Tax during the period has grown by 824% to Rs.39.39 crores from Rs.4.26 crores reported in the corresponding quarter.

EPS for the quarter is at Rs.10.92
During the quarter the Hon'ble High Courts at Delhi and Haryana have approved the merger of 5 companies engaged in development of hotels and appartments with the Company.

Also The Bombay Stock Exchange has granted 'in principle' approval for the amalgamation of 4 companies engaged in investing in development of hotels and appartments.

During the present quarter, 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.


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.