Moneycontrol
May 22, 2013 11:17 AM IST | Source: Moneycontrol.com

Prestige Estates gains 3% after 2-fold jump in Q4 profits

Prestige Estates Projects' total income from operations jumped nearly three-fold Y-o-Y to Rs 559.72 crore during January-March quarter. Shares rallied more than 6 percent in early trade.

Prestige Estates gains 3% after 2-fold jump in Q4 profits

Prestige Estates Projects shares rallied more than three percent on Wednesday, after its fourth quarter (January-March) standalone net profit grew 2.3 times year-on-year to Rs 89 crore.

The Bangalore-based real estate firm's total income from operations jumped nearly three-fold Y-o-Y to Rs 559.72 crore during the quarter.

Meanwhile, its consolidated net profit rose by 3.5 times to Rs 285.97 crore during FY13 from Rs 82.6 crore in the previous financial year.

At 09:45 hours IST, the stock was quoting at Rs 182.60, up 3.28 percent after hitting an intraday high of Rs 188 (up 6.3 percent) in early trade.

Sections
Follow us on
Available On