Anant Raj Ltd Sees 82% Surge in Quarterly Profit

Real estate firm Anant Raj Ltd reported an 82% increase in consolidated net profit to Rs 91.01 crore for the June 2024 quarter, driven by higher income. The company's total income rose to Rs 481.66 crore during the same period. Anant Raj Ltd continues to be a major player in Delhi-NCR's real estate market.

Real estate firm Anant Raj Ltd has reported an 82% increase in its consolidated net profit, reaching Rs 91.01 crore for the June 2024 quarter, primarily due to higher income levels.

Compared to the same period last year, the company's net profit stood at Rs 50.12 crore. Total income for the quarter rose to Rs 481.66 crore from Rs 325.77 crore in the previous year, as per a regulatory filing.

Anant Raj Ltd, a key player in Delhi-NCR's real estate market, is involved in developing residential, commercial, and data centre projects. Earlier this year, the company raised Rs 500 crore through a private placement of shares to institutional investors, aimed at reducing debt and meeting working capital needs. For the entire 2023-24 fiscal year, the company posted a net profit of Rs 265.93 crore and a total income of Rs 1,520.74 crore.

(With inputs from agencies.)