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DB Realty zooms despite reporting 41% fall in Q2 consolidated net profit

12 Nov 2012 Evaluate

DB Realty is currently trading at Rs. 119.30, up by 5.65 points or 4.97% from its previous closing of Rs. 113.65 on the BSE.

The scrip opened at Rs. 112.80 and has touched a high and low of Rs. 124.00 and Rs. 111.65 respectively. So far 701174 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.10 on 08-Nov-2012 and a 52 week low of Rs. 45.05 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 124.00 and Rs. 101.00 respectively. The current market cap of the company is Rs. 2968.97 crore.

The promoters holding in the company stood at 62.63% while Institutions and Non-Institutions held 5.24% and 32.13% respectively.

DB Realty has reported a 41.24% decline in consolidated net profit at Rs 9.12 crore for the quarter ended September 30, following fall in sales. The real estate firm had registered a net profit of Rs 15.52 crore in the corresponding quarter last year. Total sales dipped 68.39% to Rs 52.74 crore in the second quarter from Rs 166.84 crore in the year-ago period.

The company's portfolio consists of 95 million sq ft of prime property across 36 projects, most of them in and around Mumbai.

Valor Estate Share Price

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