ANSAL PROPERTIES & INFRASTRUCTURE LTD.
Regd. Office : 115, Ansal Bhawan, 16 K.G. Marg, New Delhi - 110 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 TH JUNE, 2006 Rs. in lacs
S.No. Particulars Quarter Quarter Previous Year
ended 30.6.06 ended 30.6.05 ended 31.3.06
(Unaudited) (Unaudited) (Audited)
1. Net Sales/Income from Operations 15902 8487 34456
2. Other Income 218 127 1058
3 Total Income 16120 8614 35514
4 Total Expenditure
(a) (Increase)/Decrease in Stock-in-Trade (214) 8 (373)
(b) Consumption of Raw Materials/ Construction Cost 10300 6063 24196
(c) Staff Cost 424 272 952
(d) Other Expenditure 930 434 1450
(e) Other Amounts written off / Provided for - - 1013
5 Interest 283 293 1204
6 Depreciation 96 30 213
7 Total Expenditure 11819 7100 28655
8 Profit before Tax 4301 1514 6859
9 Prior period Adjustments(net) - 11 14
10 Profit after prior period adjustments 4301 1503 6845
11 Provision for Taxation
- for Current Period ( including Deferred Tax & FBT) 1479 455 1790
- for earlier years - - (30)
12 Net Profit after Tax 2822 1048 5085
13 Exceptional items (Net of Tax) - - (1029)
14 Net Profit 2822 1048 4056
15 Paid-up Equity Share Capital 1750 1750 1750
(Face value of Rs.5 per Equity share)
16 Reserves excluding Revaluation Reserves - - 12318
17 EPS (Rs.)-Basic and Diluted ( Not Annualised) 8.06 2.99 11.59
18 Aggregate of Non-Promoter Shareholding
-Number of Shares (Face Value Rs.5 per Equity Share) 12155750 5737875 6077875
(Face Value Rs.10 per Equity Share)
-Percentage of shareholding 34.74% 32.79% 34.74%
1 The previous period / year figures have been regrouped wherever necessary .
2 Having regard to the integrated nature of Real Estate Development business of the Company, the requirements of Segment Reporting pursuant
to Accounting Standard-17 are not applicable.
3 Consequent to Sub-division of equity shares from existing denomination of Rs. 10 each ,fully paid up , to Rs.5 each , fully paid up ,in terms of
approval given by the shareholders on 2nd May 2006 at an Extraordinary General Meeting, earning per share of previous period / year has
been recalculated to make it comparable with that of current period .
4 Keeping in view the recent Guidance Note on 'Recognition of Revenue by Real Estate Developers' issued by the Institute of Chartered
Accountants of India, the large sized housing projects being implemented by the Company and to rationalize revenue recognition from these
projects resulting in more equitable basis of revenue recognition over the project period, with effect from 1st April,2006, the revenue on sale
of plots is recognised on proportionate basis when 50% of the progress has generally been achieved as against 2/3rd of the progress
achieved in the earlier years. Due to this change, the sales and the net profit after tax for the period are higher by Rs. 5356 lacs and Rs.1390
5 The management feels that the dues of Rs.699 lacs of Iraqi project, mentioned in the audit qualification relating to the year ended 31.3.2006,
are good for recovery.
6 The Scheme of amalgamation of Ansal Township Projects Ltd. (ATPL) with the Company effective from 1st April 2006 has been approved by
the shareholders and creditors. Pending approval of the H'ble High Court under sections 391 and 394 of the Companies Act,1956 , the above
results do not include the results of ATPL.
7 There was no investor complaint/ grievance lying unresolved at the beginning or at the end of this quarter. 13 (Thirteen) complaints /
grievances were received during this quarter, which were all resolved .
8 The above unaudited Financial Results have been reviewed by Audit Committee and approved by the Board of Directors in their meetings
held on 31 st July , 2006 and limited review of above results has been carried out by the statutory auditors of the Company.
For and on behalf of Board
Place : New Delhi Sushil Ansal
Date :31 st July ,2006 CHAIRMAN