Anant Raj Ltd. saw its shares jump 4% after the company reported impressive Q3 FY24 earnings. As of 9:22 AM, the shares were trading 4.61% lower at Rs 608.95.
The real estate developer posted a 36.2% YoY revenue growth, reaching ₹534 crore, compared to ₹392 crore in the same quarter last year.
The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose 47.1% YoY to ₹133.1 crore. Meanwhile, the EBITDA margin expanded by 200 basis points to 24.9%, up from 23.1% in the previous year.
Anant Raj’s net profit surged 55% YoY, reaching ₹110 crore in the December quarter. The strong earnings performance reflects the company’s solid business execution and increasing demand in the real estate sector.
Anant Raj shares opened at ₹635.00, maintaining the same high, while the low reached ₹606.05. Over the past 52 weeks, the stock has seen a peak at ₹947.90 and a low of ₹281.00.
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