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Anantraj Industries income up 68.46% to Rs 18386.96 lacs

This article was posted on Jul 29, 2008 and is filed under Press Releases

Anant Raj Industries Limited, one of the leading real estate and infrastructure company in the country, has posted a strong financial performance for the Quarter ended June 30, 2008.
The Total Income increased by 68.46% to Rs. 18386.96 lacs from Rs. 10914.57 lacs reported in the corresponding quarter.

The PBDIT in the present quarter increased 79.13% to Rs. 17476.25 lacs from Rs. 9756.28 lacs reported in the corresponding quarter ended June 2007. The Profit After Tax has increased to Rs. 15243.63 lacs as against Rs. 7422.82 lacs reported in the corresponding quarter showing a jump of almost 105.36%. Whereas Profit Before Tax during the period has grown by 79.87% to Rs. 17276.84 lacs from Rs. 9605.33 lacs reported in the corresponding quarter ended June 2007.

Other Highlights:

The shareholders of the company at the Annual General Meeting held on July 24, 2008 have approved the dividend @ 75% i.e. Rs. 1.50 per share of face value of Rs. 2/- each (Previous year 60%). The dividend shall be paid on or after August 18, 2008.

The funds raised by the company, during the year ended March 31,2008, through preferential allotment to FII’s and issue of Global Depository Receipts (GDR’s), have been and are being deployed, in Company’s ongoing projects relating to the construction of IT Parks, and projects relating to Hospitality sector.

A group Company has been allotted 10 Acres of land at Panchkula Technology Park, Sector-22, Panchkula- Haryana for the development of an IT Park. The said project is a joint venture between a group Company and Monsoon Capital. The expected project cost is Rs. 370 Crores and total constructed area of the project is 1.8 Million Sq.ft.

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