Akruti Nirman Q4 Net Profit At Rs 57.18cr

Akruti Nirman Ltd.Akruti Nirman has announced its fourth quarter results. The company has recorded net profit of Rs 57.18 crore for its fourth quarter ended June 30, 2007, as against Rs 571.8 million in the corresponding period of the last year.

The company posted net sales of Rs 92.68 crore as compared to Rs 926.8 million in the same period of the last year..

For FY07, the consolidated net sales stood at Rs 189.48 crore (Rs 1.89 billion) and net profit at Rs 77.96 crore (Rs 779.6 million).

Akruti Nirman Ltd. is a realty development company involved in the progression of modern housing, commercial, retail and institutional premises. The company focuses on presenting high-class property solutions where pattern, engineering, and execution fit together into a landmark development.

Akruti is a vibrant construction and property group involved in the development, sale and lease of commercial, residential, retail, and industrial property in Mumbai city. Their business objective is to be among the top five Indian realty developers by next year (2008).