During the year, the Company carried on the activities of development of real estate, securities trading and investments. The Company earned a profit before tax of Rs.5091.41 Lacs and profit after tax of Rs.3789.64 Lacs as against a profit before tax of Rs.4811.91 Lacs and profit after tax of Rs.3730.04 Lacs in the previous year.
The Company’s residential complex at Ludhiana under joint development is progressing well within the stipulated time and is expected to be ready for delivery in time in 2017-18. This project consists of the development of an integrated residential complex of 532 residential units along with all modern facilities.
This residential project is quite prestigious and will open many opportunities for the Company in the real estate sector. The future outlook is very encouraging.