Anant Raj Sees 82% Surge in Profit to Rs 91 Crore in Q1 FY25, Driven by Higher Income
Real estate firm Anant Raj Ltd has reported an 82% jump in its net profit to Rs 91.01 crore in the June 2024 quarter, driven by higher income.
Real EstateAnant Raj LtdNet ProfitTotal IncomeDelhi NcrReal Estate NewsJul 29, 2024
The net profit of the company stood at Rs 50.12 crore in the year-ago period. The surge in profit is attributed to higher income, which has given a boost to the company's financial performance.
Anant Raj Ltd is a prominent developer of housing, commercial, and data centre projects. The company has been actively working on reducing its debt and meeting its working capital requirements. Earlier this year, it raised Rs 500 crore through the issuance of shares to institutional investors on a private placement basis.
In the last financial year, 2023-24, Anant Raj Ltd had posted a net profit of Rs 265.93 crore over a total income of Rs 1,520.74 crore. The company's strong performance in the current quarter is expected to have a positive impact on its future growth prospects.
Anant Raj Ltd is a well-established real estate company that has been operating in the Delhi-NCR region for several years. It has developed several iconic projects, including residential complexes, commercial buildings, and data centres. The company is known for its commitment to quality and customer satisfaction.
Anant Raj Ltd is a leading real estate developer in India, with a strong presence in Delhi-NCR and adjoining cities. The company has a diverse portfolio of projects, including residential, commercial, and data centre developments.
Frequently Asked Questions
What is the net profit of Anant Raj Ltd in Q1 FY25?
Rs 91.01 crore
What is the total income of Anant Raj Ltd in Q1 FY25?
Rs 481.66 crore
What is the reason behind the surge in profit of Anant Raj Ltd?
Higher income
How much did Anant Raj Ltd raise through issuance of shares to institutional investors?
Rs 500 crore
What is the nature of business of Anant Raj Ltd?
Real estate development
Related News Articles
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain