Ansal Buildwell posts net profit of 3.659 million in Q4 FY23

31 May 2023 CW Team

Ansal Buildwell announced a net consolidated profit after tax for the three months ended March 31, 2023, of 3.659 million. The company reported in a BSE filing that it had a net consolidated loss after tax of $4.603 million during the equivalent quarter of the prior fiscal year.

The company's net total income for the fourth quarter of FY23 was $55.3 million, down from the 91.9 million it earned in the corresponding quarter of FY22 by 39.83 percent.

The fiscal year ending March 31, 2023, has no dividends recommended by the board of directors. The business has set aside $52.1 million for interest on principal refund amounts due to customers for the Jaipur project until the year ending March 31, 2023.

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