Anant Raj Limited Demonstrates Strong Financial Performance in Q2, 2024
Anant Raj Limited, one of the leading players in the real estate sector, recently released its unaudited standalone financial results for the quarter ended June 30, 2024. The company’s performance during this period has been remarkably impressive, with significant growth in both income and profit metrics.
Impressive Revenue Growth
During the quarter ended June 30, 2024, Anant Raj Limited reported a total income of Rs 284.29 crores. This showcases a remarkable increase of 50.9% compared to the corresponding quarter of the previous year, which recorded a total income of Rs 188.36 crores. Moreover, the company’s income also improved by 2.3% from the preceding quarter, where it stood at Rs 277.99 crores.
Optimized Expenses
Anant Raj Limited efficiently managed its expenses during the quarter under review. The total expenses for the quarter were recorded at Rs 227.43 crores, compared to Rs 153.42 crores during the same quarter last year. In contrast, the company’s expenses witnessed a marginal decline of 1.92% from the prior quarter, where it amounted to Rs 231.78 crores. These expenses encompassed various cost heads such as sales, employee benefits, finance costs, depreciation and amortization, and other expenditures.
Robust Profitability Positions
Impressively, Anant Raj Limited’s profit before tax for the quarter stood at Rs 56.86 crores. This signifies a remarkable growth of 62.8% from the same period last year, when the profit before tax was Rs 34.94 crores. Furthermore, the company’s profit before tax also witnessed a notable increase of 23.0% from the preceding quarter’s figure of Rs 46.21 crores.
The company’s profit for the for the quarter ended June 30, 2024, amounted to Rs 42.28 crores. This represents a significant surge of 63.5% compared to the corresponding period of the previous year, where the profit for the period touched Rs 25.86 crores. Additionally, the profit also registered a moderate increase of 3.6% from the preceding quarter during which it amounted to Rs 40.83 crores.
Overall, Anant Raj Limited has showcased strong financial results for the second quarter of 2024. With a substantial increase in income levels, efficient expense management, and record-breaking profits, the company has affirmed its position as a key player in the real estate sector. As it continues to successfully navigate through challenging market conditions, the company is bound to attract potential customers and investors alike.
________________________________________________________________________________________________
DISCLAIMER: All figures presented in this article are sourced from unaudited financial statements released by Anant Raj Limited. Readers are advised to refer to official audited reports for a comprehensive evaluation of the company’s financial performance.
