Ansal Housing Sees Significant Turnaround with Rs 415.9 Million Net Profit in Q1 FY25
Ansal Housing reports a significant turnaround with a net profit of Rs 415.9 million in Q1 FY25, compared to a loss of Rs 43.3 million in the same quarter last year.
Ansal HousingReal EstateIndiaQ1 Fy25Net ProfitKushagr AnsalManaging Director CeoReal Estate NewsAug 14, 2024
The company's consolidated total income reached Rs 1.25 billion in Q1 FY25, reflecting a 59.16% increase compared to Rs 788.4 billion in the corresponding quarter of the previous fiscal year.
Additionally, the board has approved the appointment of Kushagr Ansal as Managing Director & CEO, effective October 15, 2024. He will be transitioning from his current role as Whole-Time Director & CEO and will serve a three-year term.
Ansal Housing is a leading real estate developer in India, with a strong presence in the National Capital Region (NCR) and other parts of the country. The company has a diversified portfolio of projects, including residential, commercial, and retail developments.
The appointment of Kushagr Ansal as Managing Director & CEO is expected to bring new leadership and vision to the company, and help drive its growth and expansion plans.
Information
Ansal Housing is a subsidiary of the Ansal Group, a leading business conglomerate in India. The company was founded in 1967 and has since grown to become one of the largest real estate developers in the country.
Ansal Housing is a leading real estate developer in India, with a strong presence in the National Capital Region (NCR) and other parts of the country. The company has a diversified portfolio of projects, including residential, commercial, and retail developments.
Frequently Asked Questions
What is Ansal Housing's net profit for Q1 FY25?
Ansal Housing has reported a consolidated net profit of Rs 415.9 million for Q1 FY25.
What is the percentage increase in Ansal Housing's consolidated total income in Q1 FY25 compared to the same quarter last year?
Ansal Housing's consolidated total income has increased by 59.16% in Q1 FY25 compared to the same quarter last year.
Who has been appointed as Managing Director & CEO of Ansal Housing?
Kushagr Ansal has been appointed as Managing Director & CEO of Ansal Housing, effective October 15, 2024.
What is the term of Kushagr Ansal's appointment as Managing Director & CEO of Ansal Housing?
Kushagr Ansal's appointment as Managing Director & CEO of Ansal Housing is for a term of three years.
What is Ansal Housing's business portfolio?
Ansal Housing has a diversified portfolio of projects, including residential, commercial, and retail developments.
Related News Articles
Unlocking the $730M Real Estate Commission Settlement: How to Claim Your Share
Discover how the massive $730 million real estate commission settlement can benefit you. Learn the steps to claim your share and understand the implications of this landmark decision.
MHADA Lottery 2024: 19,000 Affordable Homes for Sale in MMR and Pune at ₹12 Lakh and Above
The Maharashtra Housing and Area Development Authority (MHADA) is set to launch a lottery for 19,000 affordable homes in the Mumbai Metropolitan Region (MMR) and Pune. The homes are priced starting from ₹12 lakh, offering a glimmer of hope for low and mid
Keystone Realtors Sees 50% Drop in Q3 2024 Net Profit
Keystone Realtors, a leading real estate developer in India, reports a 50% decline in net profit for the December 2024 quarter. The company's total income also saw a decrease. The developer has a significant portfolio of projects in the Mumbai Metropolita
Pune: Former NCP Corporator Vanraj Andekar Shot Dead, Police Suspect Family Dispute
Former NCP corporator Vanraj Andekar was shot dead in Pune's Nana Peth area, police suspect family dispute
Uncovering the Lasalgaon Onion Purchase Scam: A Probe into the Multi-Crore Fraud
The Lasalgaon onion purchase probe has uncovered a massive scam, with allegations of corruption and misappropriation of funds. Read on to know more about the investigation and its implications.
2025 Outlook: Noida's Retail and Commercial Real Estate on the Rise
Noida, a bustling suburb of Delhi, is poised for a significant real estate boom in the coming years. The city is rapidly transforming into a hub for commercial and retail activities, driven by increasing investments and infrastructure development.