Ansal Properties net up 270 pc in Q1

Ansal Properties reported a 270% rise in net profit at Rs 10.48 cr for Q1 ended June 30 as compared to Rs 2.83 cr in the year-ago period.

Ansal Properties and Infrastructure Ltd reported a 270 per cent rise in net profit at Rs 10.48 crore for quarter ended June 30, 2005 as compared to Rs 2.83 crore in the year-ago period.

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Sales/income from operations increased 122 per cent to Rs 86.18 crore from Rs 38.86 crore during the review period, a company statement said.

The company has substantial real estate projects in hand amounting to over Rs 8,000 crore, which assures increasing profitability for the futures.