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Anant Raj Limited, a leading name in the real estate sector, has announced its unaudited standalone financial results for the quarter ended June 30, 2024. The company has demonstrated a strong financial performance, showcasing significant growth in both income and profit metrics.
The company reported a total income of Rs 284.29 crores for the quarter ended June 30, 2024, marking a substantial increase of 50.9% from Rs 188.36 crores in the corresponding quarter of the previous year. This is also an improvement of 2.3% from Rs 277.99 crores in the preceding quarter ended March 31, 2024.
Total expenses for the quarter were Rs 227.43 crores, compared to Rs 153.42 crores in the same quarter last year and Rs 231.78 crores in the preceding quarter. The expenses include cost of sales, employee benefits, finance costs, depreciation and amortisation, and other expenses.
ARL's profit before tax stood at Rs 56.86 crores for the quarter, up 62.8% from Rs 34.94 crores in the same period last year and 23.0% from Rs 46.21 crores in the previous quarter.
The profit for the period was Rs 42.28 crores, a significant increase of 63.5% from Rs 25.86 crores in the corresponding quarter of the previous year. In the preceding quarter ended March 31, 2024, the profit was Rs 40.83 crores, representing an increase of 3.6%.
