Oct 22, 2023

Realtor Anant Raj Q2 Net Profit Jumps 79% to Rs 60.37 Crore on Higher Income

According to Business Standard, realty firm Anant Raj Ltd reported a robust 79% increase in its consolidated net profit to Rs 60.37 crore for the second quarter of the current fiscal year, driven by higher income. News 18, believes, this marked a significant improvement from the Rs 33.74 crore net profit recorded during the same period last year.

During the July-September period of 2023-24, the company's total income rose to Rs 340.83 crore, up from Rs 265.87 crore in the previous year. Simultaneously, as reported by Money Control, total expenses grew to Rs 264.68 crore from Rs 223.84 crore.

Anant Raj Ltd's share price closed at Rs 237.25 apiece on the BSE, reflecting a 0.74% increase from the previous close, observes Realty.Com. The company has a market capitalization of nearly Rs 7,700 crore and is a prominent player in Delhi-NCR's real estate market. It focuses on developing housing, commercial, and data center projects. Recently, the company announced two new projects in Hyderabad and South Delhi, totaling 17 lakh square feet of developable area.