Anant Raj Industries net drops 63% to Rs 11.2 crore in January - March quarter

Realty firm Anant Raj Industries today reported a 63% decline in its standalone net profit at Rs 11.20 cr for the quarter ended March 31, 2012.

MUMBAI: Realty firm Anant Raj Industries today reported a 63 per cent decline in its standalone net profit at Rs 11.20 crore for the quarter ended March 31, 2012.

The company had reported a net profit of Rs 29.91 crore in the year-ago period, it said in a filing to the BSE.

The standalone net sales of the company rose to Rs 180.77 crore in the last quarter of the past fiscal from Rs 61.79 crore in the same quarter of the 2010-11 fiscal.

In the 2011-12 fiscal, the company's consolidated net profit declined to Rs 113.51 crore as against a net profit of Rs 168.07 crore in the 2010-11 fiscal.

The consolidated net sales of the company rose marginally to Rs 426.87 crore from Rs 424.07 crore in the period under review.

Shares of the company today closed at Rs 46.40, down by 0.64 per cent from their previous close at the BSE.
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