Ashiana Housing registers 57% growth in Q4 net profit

Ashiana Housing has registered 57.13% growth in its net profit at Rs 26.65 crore for the fourth quarter ended March 31, 2012 as compared to Rs 16.96 crore in the year-ago period. The total income of the company surged 64.94% to Rs 91.79 crore for the quarter under review from Rs 55.65 crore in the same period of previous fiscal.

For the full year, the company’s net profit rose 58.57% to Rs 69.55 crore from Rs 43.86 crore in 2010-11. The total income went up by 61.38% to Rs 248.98 crore in 2011-12 from Rs 154.28 crore in previous fiscal.

Ashiana Housing is a fast growing real estate developer. It has presence in group housing, retirement resorts, retail, hotels and facilities management. It has pioneered the concept of retirement resorts in India.