Anant Raj Q2 earnings jump 287%

Anant Raj Q2 earnings jump 287%

New Delhi: Anant Raj Industries Ltd on Wednesday posted a 287.05% jump in its net profit to Rs104.66 crore for the second quarter ended 30 September, from Rs27.04 crore during the year-ago period. The real estate developer’s total income grew to Rs163.69 crore, from Rs46.17 crore during the previous fiscal—posting a growth of 254.54%.

“Our projects have started maturing," said Amit Sarin, executive director of Anant Raj. “We have started booking profits from some of our projects." Shabana Hussain

Rs607 cr profit for DCM on SBM stake sale

New Delhi: The maker of chemicals, sugar and cement DCM Shriram Consolidated Ltd on Wednesday posted a net profit of 07.1 crore for the quarter ended 30 September, against 0.8 crore in the year-ago period as a result of the sale of the company’s 50% stake in SBM Land Redevelopment Project to real estate developer DLF Ltd. The company’s revenue declined 10.33% to 597.5 crore during the second quarter, compared with 666.4 crore last fiscal. Shabana Hussain

Bank of Maharashtra net profit rises 48%

Mumbai: Net profit for the July-September quarter of the public sector lender Bank of Maharashtra rose 47.57%, aided by higher non-interest income. The bank reported a net profit of Rs90.45 crore, compared with Rs61.29 crore in the year-ago quarter. The stock on Wednesday closed at Rs57.85 on the Bombay Stock Exchange. Anup Roy