Ansal Properties reports consolidated loss of Rs 22.36 crore in Q4

Real estate developer, Ansal Properties and Infrastructure has reported a consolidated loss of Rs 22.36 crore in the three months ended March, 2012 as compared to a net profit of Rs 12.35 crore in January-March quarter of 2011.

Moreover, the company’s consolidated revenue declined marginally by 2.85% to Rs 325.25 crore in the fourth quarter of FY12 as against Rs 334.79 crore in the year-ago period.

Ansal Properties & Infrastructure’s business activities include property development for commercial, housing, retail, hospitality, IT SEZ, IT parks and industrial parks.