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Ansal Properties and Infrastructure on Thursday posted a consolidated profit after tax of Rs 21.59 crore for the first quarter ended June 2008, a 34 per cent drop over the year ago period, on account of higher interest cost. The company had a PAT of Rs 32.52 crore in the corresponding quarter last year.. The consolidated income rose to Rs 206.13 crore (Rs 184.05 crore). "Ansal API has recorded a reasonable growth owing to the strong fundamentals that drive the company. We believe that the present state of economy is a temporary phenomenon and Ansal API is poised for sustained growth in years ahead. Last financial year saw approvals of various projects and FY08-09 will witness commencement of execution of these projects," its Chairman Mr Sushil Ansal, said in a statement. - Our Bureau

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