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Anant Raj Ltd 78% YoY Increase In Profit After Tax

Anant Raj Ltd 78% YoY Increase In Profit After Tax

BY Realty Plus
Published - Tuesday, 29 Oct, 2024
Anant Raj Ltd 78% YoY Increase In Profit After Tax

Anant Raj Limited, a prominent player in the real estate sector, announced its financial results for the quarter ending September 30, 2024, highlighting strong growth in revenue, profit, and shareholder returns. 

The company reported a remarkable 78% year-over-year increase in Profit After Tax (PAT), which rose to Rs. 104.44 crores from Rs. 58.74 crores in Q2 FY2024. 
Additionally, Earnings Per Share (EPS) climbed by 67% to Rs. 3.09, from Rs. 1.85 in Q2 FY2024, further underscoring the company's solid financial position and value to shareholders.

Additionally, Earnings Per Share (EPS) climbed by 67% to Rs 3.09, from Rs1.85 in Q2 FY2023, further underscoring the company's solid financial position and value to shareholders. The robust financial performance reflects Anant Raj’s strategic focus on high-growth areas and its commitment to operational efficiency. In line with its vision for sustainable expansion, the Board also approved key initiatives to fuel future growth, including a Qualified Institutional Placement (QIP) to raise up to Rs2,000 crores for expansion and development projects. These steps align with Anant Raj’s dedication to enhancing its market presence and delivering greater value to its stakeholders.

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