Net sales increased by 32.1% to Rs 332.28 crore during the quarter as compared with the same period last year.

Total expenditure in the second quarter rose by 18.5% YoY to Rs 252.42 crore, primarily due to a sharp spike in development & construction costs (up 19% YoY).

Profit before tax in Q2 FY24 stood at Rs 76.15 crore, up by 81.2% from Rs 42.03 crore in Q2 FY23.

Anant Raj is one of the largest real estate developers in the Delhi and NCR region.

The scrip tumbled 4.19% to currently trade at Rs 227.30 on the BSE.