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Ansal Properties posts Rs 62 lakh profit in Mar Advertisement

Realty firm Ansal Properties and Infrastructure on Monday reported a consolidated net profit of Rs 0.62 crore in the quarter ended March 31 as against a loss of Rs 36.67 crore in the year-ago period.

Its total income fell by 25 per cent to Rs 261.09 crore in the fourth quarter from Rs 349.82 crore in the corresponding period of the previous year, it said in a filing to the BSE.

During the full 2014-15 fiscal, Ansal Properties net profit jumped more than threefold to Rs 20.44 crore from Rs 5.94 crore in the year-ago period.

Total income from operations dropped by 22 per cent to Rs 1,109.28 crore in last fiscal from Rs 1,414.45 crore in the 2013-14 financial year.