Anant Raj Limited, a prominent player in the real estate sector, announced its financial results for the quarter ending September 30, 2024, highlighting strong growth in revenue, profit, and shareholder returns.
The company reported a remarkable 78% year-over-year increase in Profit After Tax (PAT), which rose to ₹104.44 crores from ₹58.74 crores in Q2 FY2024. Revenue from operations saw a significant 54% boost, reaching ₹512.85 crores, compared to ₹332.28 crores during the same period last year.
Additionally, Earnings Per Share (EPS) climbed by 67% to ₹3.09, from ₹1.85 in Q2 FY2024, further underscoring the company’s solid financial position and value to shareholders.
The robust financial performance reflects Anant Raj’s strategic focus on high-growth areas and its commitment to operational efficiency. In line with its vision for sustainable expansion, the Board also approved key initiatives to fuel future growth, including a Qualified Institutional Placement (QIP) to raise up to ₹2,000 crores for expansion and development projects. These steps align with Anant Raj’s dedication to enhancing its market presence and delivering greater value to its stakeholders.