Ashiana Housing announces financial results for 2009-10

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Khabri

04 June, 2010

Ashiana Housing Limited, one of the fastest growing Real Estate Company today announced its financial results for the financial year ending 31st March, 2010. Sales and Other Income during the fiscal 2009-10 have gone up to Rs. 121 crores.

ASHIANA HOUSING Limited, one of the fastest growing real estate company has announced its financial results for the financial year ending 31^st March, 2010. In its board meeting held today at New Delhi, the company reported a stupendous increase of approx. 29% in its Profit after Tax (PAT).

The Board has also recommended 15% Dividend for the year 2009-10. Sales and Other Income during the fiscal 2009-10 have gone up to Rs. 121 crores from Rs. 104 crores during the previous year showing an increase of 16%.

During the same fiscal, Profit after Tax has also moved up to Rs. 36.8 crores, 29% higher than the PAT of Rs. 28.4 crores registered in the fiscal 2008-09.

On an equity base of Rs. 18.08 crores, the Earning per share (EPS) of the company as on 31st March, 2010 was Rs. 20.33 per share as against Rs. 15.70 per share on 31st March, 2009.

Giving details of the other expansion plans undertaken during the year Mr. Varun Gupta , Director, Ashiana Housing Limited said, "In 2009-10, Ashiana has recorded a significant growth in Equivalent Area Constructed. We constructed 10.22 lakhs square feet area which is 8.7% higher than last fiscal and we intend to touch 20 lakhs square feet equivalent construction area per year by 2012-13.

“In 2009-10, we launched a couple of projects, namely, Rangoli Gardens in Jaipur & Ashiana Brahmananda in Jamshedpur. We also completed the development of various project phases including Ashiana Aangan Phase I & II, Ashiana Manglam and Ashiana Amarbagh Phase I”.added Mr Gupta