Ansal API FY'10 net up 131 pc to Rs 71 cr

NEW DELHI: Real estate developer Ansal API on Tuesday reported a 131 per cent rise in consolidated net profit to Rs 71 crore for FY'10.

The company had recorded a Rs 30.69 crore net profit in 2008-09, it said in a statement here.

Ansal API's total income grew 15 per cent to Rs 871.32 crore in 2009-10 compared to Rs 756.32 crore in the previous fiscal.

"Our strategy to offer a range of products across various price points and categories has helped the company in taking maximum advantage of the recent pick-up in demand in the housing segment," company Vice-Chairman and Managing Director Pranav Ansal said.