Sunday, August 12, 2012

Anant Raj Industries Ltd: Superb Result, Speaking Sequentially
Anant Raj Industries Ltd, improved its net profit on sequential basis (almost a 3-fold jump), inspite of challenging environment.The total income of the company came out to be Rs.91.47 Cr in Q1FY13 as against Rs.65.43 Cr in Q4FY12 and Rs.82.64 Cr in Q1FY12. The net profit of the company for Q1FY13 came out to be Rs.33.33 Cr as against Rs.11.20 Cr in Q4FY12 and Rs.35.65 Cr in Q1FY12. The jump in net profit in Q1FY13, on a sequential basis is inspite of lower other income and higher expenses as compared to Q1FY12.  This kind of superb results were expected, because one of the promoters (Mr.Ashok Sarin) has been on a buying spree since, 26th July, 2012. Click Here.   Also CLICK HERE. Moreover, Anant Raj Industries Ltd's, previously launched projects at Gurgaon, Manesar and Kapashera continued to be on target. Besides, in the month of January 2012, the company launched a large township project in Sector 63A Gurgaon which comprises of Luxury Villas, Plots, Residential Flats and Independent Floors. This phase of the project is spread over 100 acres. The company`s project trajectory looks quite strong with the launch of this project, we can expect it to drive sales over the next few quarters. Besides, a couple of other launches like Bhagwandas Road and Sonepat are also doing fine.
Annuity income firming up: The company`s rental income continues to give it necessary padding, mainly on account of income from the "Kirtinagar Mall". The rental income is expected to further strengthen in FY13, on account of incremental revenues from the mall. The stock is expected to soar much higher in the coming days.  In the medium term we can place a target of Rs.79-80 for the scrip, which means your money could almost double in the next 6-9 months time frame.
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