Moneycontrol
    Moneycontrol PRO
    Swing Trading 101
    Swing Trading 101

    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.

    May 22, 2013 / 11:17 IST

    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.

    first published: May 22, 2013 10:43 am

    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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347