Ansal Properties Q1 PAT down 34%

Written by Agencies | Mumbai, July 31: | Updated: Jul 31 2008, 16:18pm hrs
Ansal Properties & Infrastructure on Thursday announced a consolidated profit after tax of Rs 21.59 crore for the first quarter ended June 30, a 33.53 per cent decline over the corresponding period a year ago.

The company had a PAT of Rs 32.52 crore in the first quarter of FY'08, Ansal said in a filing to the Bombay Stock Exchange.

The consolidated income rose to Rs 206.13 crore in the June quarter, from Rs 184.05 crore in the same period last year.

On a standalone basis Ansal Properties reported a PAT at Rs 19.4 crore for the first quarter ended June 30, a 40.47 per cent decline over the corresponding period a year-ago.

The company had a net profit of Rs 32.59 crore in the first quarter of the last fiscal.

The total income rose to Rs 175.22 crore in the June quarter, from Rs 156.60 crore in the same period previous fiscal.

Shares of Ansal Properties were trading at Rs 97, up 1.84 per cent in the early morning trade on the BSE.