NEW DELHI: Anant Raj has reported a growth of 73.43 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 84.01 crore in Q4 FY24 as against Rs 48.44 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 453.12 crore, a growth of 56.31 per cent from Rs 289.89 crore it recorded in the similar quarter last year.
The board of directors approved a final dividend at 36.50% i.e. Re. 0.73 per equity share (face value of Rs. 2 per equity share) for the financial year 2023-24.
During the quarter and year ended March 31, 2024, the company has allotted 1,68,91,891 equity shares to eligible qualified institutional buyers at the issue price of Rs. 296 per equity share, through qualified institutions placement, aggregating to Rs 500 crore.
During the quarter and year ended March 31, 2024, the company has allotted 9,02,527 equity shares, at an issue price of Rs. 277 per equity share to Gagandeep Credit Capital on preferential basis, aggregating to Rs. 25 crore.
During the financial year ended March 31, 2024, it sold its entire equity stake/investment in its associate, Roseland Buildtech.
