Ansal Properties Q3 net profit rises at Rs 7.15 crore

NEW DELHI: Realty firm Ansal Properties and Infrastructure Ltd's net profit increased to Rs 7.15 crore in the third quarter of this fiscal from Rs 1.49 crore in the year-ago period.

Its income from operations rose by 6.4 per cent to Rs 284.15 crore during October-December quarter from Rs 267.08 crore during the corresponding period of the previous fiscal.

Delhi-based Ansal API has developed over 260 million sq ft of area so far. It is currently developing 18 integrated townships. The company has a land reserve of 9,731 acres, of which 7,250 acre has been acquired.

Ansal Vice Chairman Pranav Ansal said the company would continue to focus on execution of the ongoing projects.