Realtor Anant Raj Q2 Net Profit Jumps 79% to Rs 60.37 Crore on Higher Income – News18

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Realtor Anant Raj Q2 Net Profit Jumps 79% to Rs 60.37 Crore on Higher Income – News18


Real property (Representative picture).

Anant Raj’s complete revenue rises to Rs 340.83 crore within the July-September interval of 2023-24 from Rs 265.87 crore within the corresponding interval of the earlier yr

Realty agency Anant Raj Ltd has reported a 79 per cent enhance in its consolidated internet revenue to Rs 60.37 crore for the second quarter of this fiscal on increased revenue. The Delhi-based realty agency had posted a internet revenue of Rs 33.74 crore within the yr-in the past interval. Its complete revenue rose to Rs 340.83 crore within the July-September interval of 2023-24 from Rs 265.87 crore within the corresponding interval of the earlier yr, the corporate stated in a regulatory submitting on Saturday.

The firm’s complete bills grew to Rs 264.68 crore from Rs 223.84 crore. Anant Raj Ltd’s share value closed at Rs 237.25 apiece Friday on the BSE, up 0.74 per cent from the earlier shut. Its market capitalization is sort of Rs 7,700 crore. Anant Raj Ltd is among the main actual property gamers in Delhi-NCR and adjoining cities. It is into the event of housing, industrial and information centre initiatives.

Earlier this month, Anant Raj Ltd had stated that the corporate would begin an reasonably priced housing mission in Hyderabad and a combination-use mission in South Delhi, totalling 17 lakh sq. ft of developable space. Anant Raj Ltd had knowledgeable that the corporate “is commencing a new project namely, ‘Anant Raj Centre’ located in Mehrauli, South Delhi, having a developable area of about 7 lakh square feet, a mix of office space, hospitality, and serviced apartments”.

Anant Raj, by means of its wholly-owned step-down subsidiary Jai Govinda Ghar Nirman Ltd, is commencing an reasonably priced housing mission Anant Raj Aashray-11 in Tirupati, Andhra Pradesh.

(This story has not been edited by News18 workers and is printed from a syndicated information company feed – PTI)



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