Ansal API registers 47% increase

Feb. 2, 2008 - PRLog -- Nine Month Financial highlights (all comparison to last 9M FY06-07)
•   Revenue at Rs  646.28 crore, an increase of  27 % from Rs 508.06 crore
•   Net profit at Rs  133.05 crore, an increase of  47% from Rs. 90.42 crore
•   EBIDTA at Rs  209.70 crore, up by  40% from Rs  149.99 crore
•   EPS for 9M FY08 stood at Rs  11.72  (Not Annualized)

Quarterly Financial highlights (all comparison to last Q3 FY06-07)
•   Revenue at Rs 231.15 crore, an increase of  17 % from Rs 197.28crore
•   EBIDTA at Rs  75.54 crore, up by  16% from Rs 64.96 crore
•   PAT at Rs  48.91 crore, an increase of  22 % from Rs 40.19 crore
•   EPS for Q3 FY08 stood at Rs  4.31 (Not Annualized)

Ansal Properties & Infrastructure Limited (Ansal API), a leading real estate developer in India today announced its financial results for the Nine months and third quarter ended December 31st, 2007 for the financial year 2007-08.

Ansal API recorded a revenue of Rs. 231.15 crore  during current quarter with an increase of 17% from Rs. 197.28 crore in the corresponding quarter last fiscal. EBITDA was at Rs 75.54 crore, an increase of 16% as compared to Rs 64.96 crore in Q3 FY06-07. Net profit stood at Rs 48.91 crore, up by 22 % from Rs 40.19 crore. The non annualized EPS at the end of the quarter was at Rs 4.31.  The operating margins increased to 41.54% from 41.12% in the corresponding quarter last fiscal.

For the nine months ended December 31, 2007, Ansal API, Net Income was at Rs. 646.28 crore, up 27% from Rs. 508.06 crore during the corresponding period last year, while the Company reported a Net Profit of Rs. 133.05 crore as against Rs. 90.42 crore in the same period of last year, registering a growth of 47%. EPS for the first nine months of FY 2007-08 stood at Rs. 11.72 compared to Rs. 7.97 in the corresponding period of FY 2006-07.

The Consolidated figures for the period of  nine months ended on 31st December, 2007,  were Net Consolidated Income of Rs. 742.45 crores and the Net Consolidated Profit  of Rs. 143.17 crores.

Ansal API is set to redraw the skyline of Haryana with the proposed projects at Gurgaon, Dharuhera, Kurukshetra, Sonepat, Bahadurgarh and Yamuna Nagar. The Company has got the licenses to develop Townships, Group Housing and Commercial projects on 255.25 acres approx of land recently.

Letter of Intent has also been received for the First Integrated Industrial Township of Haryana at Pathredi, Gurgaon spread on a land of 99.032 acres approx.

The layout of about 92.201 acres for Residential Plots has also been approved at Yamuna Nagar, a part of the upcoming Integrated Townships covering a land of 210 acres approx.

Commenting on the Company’s performance, Mr. Sushil Ansal API, Chairman, Ansal Properties & Infrastructure Ltd. said, “Our continued growth is an indicator of the confidence of our customers and the investors have in us. Traditionally Q3 is a moderately active quarter due to holiday seasons but it is pleasant that we could maintain our growth momentum. This quarter was very significant for us as we got licences and approvals for many awaited projects. We are looking at a consistent growth throughout the year. We continue to invest in new projects to provide maximum benefits to our customers and investors.”

Highlights achieved by Ansal API during the Quarter ended 30.12.2007 are:

•   The Company has received the approval for Hi-Tech City at Dadri with a Project size of 2500 acres expandable to 5,000 acres. It has also got the approval for two SEZs, one each for IT and Bio-Tech Parks, in Lucknow. {UP}.
•   Launched integrated township “Sushant Lok” Jodhpur, on a land of over 111 acres approx. The township will have Plots, Villas, and Apartments with state-of-the-art infrastructure and facilities.
•   Launched “Orchard County”: a premium Group Housing at Mohali Chandigarh, with 528 apartments to be built in 16 towers.
•   The Company has entered into a tripartite agreement with Edu Infrastructure Pvt Ltd, a subsidiary of Educomp Solutions Ltd. The Company would develop the school properties in the various residential townships and lease it out to the Edu Infrastructure Pvt Ltd. for operating and managing the schools.
•   Diversification in the business of Bio Diesel, which is to become operational shortly.

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 and an ISO 14001:2004 Company, it has gained recognition as a premier organization in the field of housing, institutional, commercial and industrial development with strong emphasis on environmental preservations.

Website: www.adfactorspr.com