Ansal Housing reports Rs 415.9 million net profit for Q1 FY25

14 Aug 2024 CW Team

Ansal Housing has announced a consolidated net profit of Rs 415.9 million for the quarter ending June 30, 2024. This marks a significant turnaround from the Rs 43.3 million loss reported in the same quarter last year. The company's consolidated total income reached Rs 1.25 billion in Q1 FY25, reflecting a 59.16% increase compared to Rs 788.4 billion in the corresponding quarter of the previous fiscal year. Additionally, the board has approved the appointment of Kushagr Ansal as Managing Director & CEO, effective October 15, 2024. He will be transitioning from his current role as Whole-Time Director & CEO and will serve a three-year term. (ET)

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