Prestige Estates has reported a net profit of Rs 36.4 crore for the first quarter of 2011. Net sales in the April-June quarter stood at Rs 248 crore. The numbers were below the street estimates, almost 50% down; and it was quite a disastrous performance.
Irfan Razack, chairman and managing director of the company, in an interview with CNBC-TV18Discover 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!
