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Prestige Estates Projects reports 58% fall Q1 consolidated net profit

16 Sep 2016 Evaluate

Prestige Estates Projects has reported results for first quarter ended June 30, 2016.

The company has registered 20.78% jump in its net profit at Rs 136.74 crore for the quarter as compared to Rs 113.21 crore for the same quarter in the previous year. However, total income of the company decreased by 36.74% at Rs 609.13 crore for quarter under review, as compared to Rs 962.83 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported 58.31% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 47.79 crore for the quarter ended June 30, 2016 as compared to Rs 114.64 crore for the same quarter in the previous year. However, total Income of the company decreased by 35.75% to Rs 971.35 crore for quarter under review from Rs 1511.86 crore for the quarter ended June 30, 2015.

Prestige EstatesProj Share Price

1357.50 19.70 (1.47%)
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Company Name CMP
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