Ansal API Q2 Revenues Grows by 112%

New Delhi, Delhi, India , 2006-11-30


Financial Highlights

-- Net Income for Q2 FY07 at Rs 149.58 Crore, surged by 112 %

-- Net Profit for Q2 FY07 at Rs 22.01Crore, rose by 212 %

-- Net Income for H1FY07 at Rs 310.78 Crore, up by 98 %

-- Net Profit for H1FY07 at Rs 50.23 Crore, up by 186 %

-- EPS for H1FY07 at Rs. 10.05 as against Rs 5.01 in H1FY06

Ansal Properties & Infrastructure Limited, a leading real estate developer in India today announced its financial results for the quarter ended September 30th, 2006 for the financial year 2006-07.

Net Income for the quarter ended September 30, 2006 stood at Rs 149.58 Crore, a growth of 112% as compared to Rs 70.72 Crore posted in the same period of last fiscal. Net Profit for the quarter grew by 212% to Rs 22.01 Crore as compared to Rs 7.06 Crore posted in Q2FY06.

The company’s EBIDTA margin for Q2FY07 stood at 25.56% of income as compared to 18.37% in the corresponding period of the last fiscal.

For the half year ended September 2006, Ansal API’s Net Income was at Rs. 310.78 Crore, up 98 % from Rs 156.86 Crore during the corresponding period last year, while the company reported a Net Profit of Rs 50.23 Crore as against Rs 17.54 Crore in the same period of last year, registering a growth of 186%. EPS for the first half of FY2006-07 stood at Rs 10.05 compared to Rs 5.01 in the corresponding period of FY 2005-06.

Commenting on the results, Mr. Sushil Ansal, Chairman, Ansal API said: “Our robust economic growth coupled with investments in various strategic areas helped us grow faster in this environment. We are very excited with the excellent growth and this is truly an indicator of our hard work and confidence of our investors. We would continue to invest in growing our partnerships and new projects to areas where our investors will benefit the most. We are looking at a consistent, healthy growth throughout this financial year. ’’

About APIL (Ansal Properties & Infrastructure Ltd.):

BSE stock code- 500013
NSE symbol- ANSAL INFRA

APIL is the flagship Company of the Ansal API Group, which is driven by the pioneering vision of Mr. Sushil Ansal as its Chairman. With almost four decades of pioneering and successful track record of real estate promotion and development, both in residential and commercial segments, its greatest strength lies in its inherent ability to identify new growth opportunities. Starting with Ansal Plaza, which has ushered in the shopping mall revolution in the country, development of well known Satellite Townships under the banner of “Sushant City” and land mark high rise commercial properties, the Company has now taken on the baton of pioneering development in many spheres apart from tier II cities. An ISO 9001:2000 company, it has gained recognition as a premier organization in the field of housing, institutional, commercial and industrial development.

To view the financial results please click on the link given below:

http://www.businesswireindia.com/attachments/Q2_FY07_notes(2).xls
Contact

Kunal Banerji, Vice President (Marketing & Corporate Communication) , Ansal Properties and Infrastructure Limited, +91 9810847720
[email protected]