The share price of realty firm Anant Raj Ltd. climbed over 6% in Tuesday's early trade after the company posted an over 50% surge in net profit to Rs 119 crore.
The company witnessed growth in both revenue and Ebitda as well during the fourth quarter, alongside a significant improvement in margins.
Revenue earned by the real estate company in the quarter under review expanded by 22% to Rs 541 crore, compared to Rs 443 crore that the company had posted in the same period in the previous fiscal.
In the fourth quarter, the company's earnings before interest, taxes, depreciation, and amortisation rose by 36% to Rs 142 crore. This compares to Rs 104 crore in the same period last year.
Anant Raj's margins improved to 26.3% in the quarter versus 23.6% that was seen in the period last fiscal.
Anant Raj Q4FY25 Highlights (Consolidated, YoY)
Revenue up 22.2% to Rs 541 crore versus Rs 443 crore
Ebitda up 36.4% to Rs 142 crore versus Rs 104 crore
Ebitda margin at 26.3% versus 23.6%
Net profit up 51.5% at Rs 119 crore versus Rs 78 crore
Anant Raj Share Price Today
The scrip rose as much as 6.36% to Rs 525 apiece, the highest level since March 26. It pared gains to trade 4.16% higher at Rs 514.15 apiece, as of 09:37 a.m. This compares to a 0.06% advance in the NSE Nifty 50 Index.
It has fallen 39.91% on a year-to-date basis but has risen 46.31% in the last 12 months. Total traded volume so far in the day stood at 2.05 times its 30-day average. The relative strength index was at 49.08.
Five out of five analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target of Rs 936.67 implies an upside of 80.4%.
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