Puravankara Q2 profit rises 89%, stock hits 52-week high
Real estate firm Puravankara Projects' consolidated net profit jumped 89.4 percent to Rs 50.2 crore in the second quarter of current financial year from Rs 26.5 crore in a year ago period.
November 07, 2012 / 15:30 IST
Real estate firm Puravankara Projects' consolidated net profit jumped 89.4 percent to Rs 50.2 crore in the second quarter of current financial year from Rs 26.5 crore in a year ago period.
Consolidated total income increased 38 percent to Rs 273 crore from Rs 198 crore during the same period.In an interview with CNBC-TV18, the COO, Jackbastian Nazareth said realisations have gone up to Rs 4,061 per sq ft in the quarter. "We are on track to meet 3 million sq ft sales in FY13."At 14:18 hours IST, the stock, which touched a 52-week high of Rs 88.70, rallied 15 percent to Rs 88.45 amid extremely large volumes on the Bombay Stock Exchange. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
