Ansal Properties & Infra Q3 net dips; stock ends higher

Ansal Properties & Infra Q3 net dips; stock ends higher
PTI
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First Published: Sun, Feb 01 2009. 02 28 PM IST
Updated: Sun, Feb 01 2009. 02 28 PM IST
Mumbai: Real estate developer Ansal Properties & Infrastructure said its consolidated net loss in December quarter of the current fiscal year stood at Rs15.73 crore, while it had a net profit of Rs52.15 crore in the corresponding period a year ago.
Consolidated total income of the company dipped to Rs211.01 crore for December quarter of the current fiscal from Rs267.23 crore in the year ago period.
On a standalone basis, the company reported a 94.21% dip in its net profit at Rs2.83 crore for the December quarter. It had a net profit of Rs48.91 crore in the third quarter of the 2008 fiscal.
The standalone total income stood at Rs208.84 crore in December quarter, while it was at Rs228.53 crore in the year-ago period.
For the nine-month period ended December 2008, Ansal Properties and Infrastructure reported a 77.34% drop in its net profit at Rs29.34 crore. It had a net profit of Rs143.17 crore in the year-ago period.
The consolidated total income during the April-December period stood at Rs571.7 crore, while it was at Rs737.1 crore in the same period last year.
On Friday, shares of Ansal Properties & Infrastructure closed at Rs27.10, up 14.59 % on the BSE.
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First Published: Sun, Feb 01 2009. 02 28 PM IST