Anant Raj Limited (515055) Q4 22/23 earnings summary

Executive summary

• Board approved audited standalone and consolidated results for quarter and year ended March 31, 2023.

• Final dividend of 25% (Re. 0.50 per share) recommended for FY 2022-23, subject to AGM approval.

• Auditors issued unmodified opinions on both standalone and consolidated results.

• Results published on company and stock exchange websites.

• Business activities remain focused on real estate development in India.

Financial highlights

• Consolidated revenue for FY23: Rs. 1,004.86 crore, up from Rs. 501.24 crore year-over-year.

• Consolidated net profit for FY23: Rs. 151.12 crore, up from Rs. 54.89 crore year-over-year.

• Standalone revenue for FY23: Rs. 718.16 crore, up from Rs. 401.78 crore year-over-year.

• Standalone net profit for FY23: Rs. 106.62 crore, up from Rs. 55.89 crore year-over-year.

• Cash and cash equivalents (consolidated) at year-end: Rs. 34.06 crore (up from Rs. 19.43 crore).

Outlook and guidance

• Management continues to review revenue and cost estimates periodically, recognizing changes as determined.

• Dividend payout subject to shareholder approval at the upcoming AGM.

• No specific forward-looking financial guidance provided.