Ansal net up nearly 4-fold

Last Updated: Fri, Aug 13, 2010 21:10 hrs

Realty firm Ansal Properties & Infrastructure Ltd today said consolidated net profit rose by 280 per cent to Rs 38.8 crore during the quarter ended June, compared to Rs 10.2 crore during the corresponding period last year.

Consolidated net income went up by 82 per cent to Rs 250.8 crore, compared to Rs 137.5 crore in the same period last year.

Ansal API attributed this three-fold increase in net profit to the launch of projects in the residential and commercial segments, coupled with the increase in sales and price realisations.

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