Oct 22, 2023

Anant Raj Ltd Records Strong Q2 Financial Performance

Anant Raj Ltd has reported robust financial results for the second quarter of the fiscal year, showcasing significant growth in various key metrics. The company's consolidated net sales for September 2023, as published on Money Control.Com reached Rs 332.28 crore, marking a substantial increase of 32.06% compared to the Rs 251.62 crore recorded during the same period in 2022.

The quarterly net profit for September 2023 amounted to Rs 60.10 crore, reflecting an impressive growth of 79.19% compared to the Rs 33.54 crore achieved in September 2022. Additionally, the EBITDA for the same period stood at Rs 88.41 crore, showcasing a remarkable increase of 67.51% from the Rs 52.78 crore recorded in September 2022.

Notably, Anant Raj's earnings per share (EPS) also experienced substantial growth, reaching Rs 1.85 in September 2023, compared to Rs 1.03 in September 2022.Anant Raj shares, which closed at Rs 237.45 on October 20, 2023 (NSE), have yielded impressive returns, with a remarkable 75.05% over the last 6 months and a substantial 118.75% over the last 12 months.