Anant Raj Limited Reports Robust Financial Results for Q1 2024
New Delhi, India – Anant Raj Limited (ARL), a key player in the real estate sector, has recently revealed its unaudited standalone financial results for the quarter ending June 30, 2024. The company showcased an impressive performance, with remarkable growth in both income and profit metrics. Let’s delve deeper into the numbers:
Strong Income Growth
ARL’s total income for the quarter ended June 30, 2024, reached Rs 284.29 crores, exhibiting a significant increase of 50.9% compared to Rs 188.36 crores in the corresponding quarter of the previous year. This extraordinary development also indicates a 2.3% improvement from Rs 277.99 crores in the preceding quarter.
Managing Expenses
During the same quarter, ARL’s total expenses amounted to Rs 227.43 crores, compared to Rs 153.42 crores recorded in the same quarter last year. Despite this rise, the company succeeded in keeping a tight leash on expenses, given that it actually decreased by 1.9% from Rs 231.78 crores reported in the previous quarter. These expenses include cost of sales, employee benefits, finance costs, depreciation and amortisation, and other expenditures.
Impressive Profit Performance
ARL’s profit before tax for the quarter was recorded at Rs 56.86 crores, demonstrating a substantial increase of 62.8% compared to Rs 34.94 crores in the same period last year. Moreover, when compared to the previous quarter’s figure of Rs 46.21 crores, the profit before tax showed a healthy rise of 23.0%.
The company’s notable profit for the period stood at Rs 42.28 crores, showcasing an outstanding increase of 63.5% compared to Rs 25.86 crores reported in the corresponding quarter of the preceding year. In the preceding quarter ending March 31, 2024, ARL’s profit was recorded at Rs 40.83 crores, marking a moderate 3.6% increase.
About Anant Raj Limited (ARL)
Anant Raj Limited, established in 1969, has continuously proved its mettle in various real estate projects spanning commercial, residential, and hospitality sectors. Looking toward the future, ARL aims to maintain its strong performance and sustainable growth, catering to evolving customer needs and contributing to overall industry development.
Conclusion
ARL’s recent financial report signals an impressive growth trajectory, with significant increases observed in both income and profit figures. The company’s remarkable performance is a testament to its strong market presence and proficient management team. As the real estate sector continues to evolve, Anant Raj Limited remains committed to delivering excellence in its projects while creating value for stakeholders.
