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Ansal API announces financial year 2009 results

Ansal API has announced the financial results for its year ended 31 March 2009. Following are the snapshots:
Annual Standalone Results
 (All comparisons with FY2008)
• Total income of Rs. 682.51 Crore, as compared to Rs. 859.51 Crore
• EBIDTA at Rs 175.02 Crore in FY2009 as compared to Rs.254.48 Crore.
• Profit after Tax at Rs 52.21 Crore, as compared to profit of Rs.161.57 Crore.
• Basic EPS for FY2009 was Rs. 4.60
Annual Consolidated Results
(All comparisons with FY2008)
• Consolidated total income of Rs. 740.97 Crore, as compared to Rs. 996.68 Crore
• EBIDTA at Rs 153.51 Crore in FY2009 as compared to Rs.274.29 Crore
• Profit After Tax at Rs 30.69 Crore, as compared to profit of Rs.173.51 Crore
• Basic EPS for FY2009 was Rs. 2.70

Speaking on the annual performance of the Group, Anil Kumar, Dy MD & CEO, APIL said: “We look forward to follow our strategy to keep up the pace and performance to serve the interest of our stakeholders.  We are cautiously optimistic about the future.”
Highlights of the year 2008-2009
• Launched two Hi-Tech Township, one in Lucknow spread over 1765 acres and another one in Megapolis, adjoining Greater Noida, spread over 2500 acres.
• Executing Integrated Townships in the States of Rajasthan spread over 840 acres, Punjab spreading over 320 acres, Haryana around 1490 Acres and Uttar Pradesh over 700 Acres.
• APIL has recently launched Affordable Housing projects in the States of Rajasthan and Uttar Pradesh and received overwhelming response. The Company is also proposing to launch affordable housing projects in the States of Punjab and Haryana.
• Floated infrastructure company to implement infrastructure projects in its townships and execute outside contracts as well.
• Floated school Leasing Company to construct and lease schools in association with Leading Education Company.  School Leasing Company has also entered into an agreement with few of the leading education companies i.e. Educomp and GEM.
• Plan to raise fund up to Rs 1500 crore via QIP to increase appreciably the Company’s financial and business strength.

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