Anant Raj Industries Limited, one of the leading real estate and construction company posted a strong financial performance for Q3 FY2007.
Financial Highlights:
Particulars
Quarter ended December 31, 2006
Amount (Rs. In Lacs)
Quarter ended December 31, 2005
Amount (Rs. In lacs)
Total Income
7338.16
1907.46
Profit before tax & depreciation
6620.39
1464.48
Provision for income tax
2269.39
145.30
Net profit after tax & depreciation
4230.29
1200.96
The Total Income increased by 284%% to Rs.73.38 crores from Rs.19.07 crores reported in the corresponding quarter.
The PBDIT in the present quarter increased 352% to Rs.66.20crores from Rs.14.64 crores reported in the corresponding quarter ended December 2005.
The Profit After Tax has increased to Rs. 42.30 crores as against Rs. 12.00 crores reported in the corresponding quarter showing a jump of 252%.
Whereas Profit Before Tax during the period has grown by % to Rs.crores from Rs. crores reported in the corresponding quarter.
EPS(diluted) for the quarter is at Rs.14.94
The Board of Directors in its meeting has also approved the scheme of amalgamation of 12 group companies with the company.
During the quarter, the board has authorized the company to issueequity shares not exceeding Rs.1225 crores through one or more private or public offer to the qualified institutional buyers.