Anant Raj Limited, a leading name in the real estate sector, has announced its unaudited standalone financial results for the quarter ended June 30, 2024. The company has demonstrated a strong financial performance, showcasing significant growth in both income and profit metrics.
Key Financial Highlights for Q1 FY2025:
Total Income:
- The company reported a total income of ₹284.29 crores for the quarter ended June 30, 2024, marking a substantial increase of 50.9% from ₹188.36 crores in the corresponding quarter of the previous year. This is also an improvement of 2.3% from ₹277.99 crores in the preceding quarter ended March 31, 2024.
Total Expenses:
- Total expenses for the quarter were ₹227.43 crores, compared to ₹153.42 crores in the same quarter last year and ₹231.78 crores in the preceding quarter. The expenses include cost of sales, employee benefits, finance costs, depreciation and amortisation, and other expenses.
Profit Before Tax:
- ARL’s profit before tax stood at ₹56.86 crores for the quarter, up 62.8% from ₹34.94 crores in the same period last year and 23.0% from ₹46.21 crores in the previous quarter.
Profit for the Period (PAT):
- The profit for the period was ₹42.28 crores, a significant increase of 63.5% from ₹25.86 crores in the corresponding quarter of the previous year. In the preceding quarter ended March 31, 2024, the profit was ₹40.83 crores, representing an increase of 3.6%.
About Anant Raj Limited:Anant Raj Limited is a prominent player in the real estate and infrastructure development sector. With a diversified portfolio encompassing residential, commercial, and hospitality projects, ARL is dedicated to creating world-class infrastructure.