Prestige Estates Projects reported results for the fourth quarter and year ended March 31, 2013.
The company has reported over 2 fold jump in its net profit at Rs 89.03 crore in Q4FY13 as compared to net profit of Rs 38.28 crore in the same quarter previous year. Total income of the company has increased by 176.92% to Rs 559.72 crore as compared to Rs 202.12 crore in corresponding quarter last year.
For the year ended March 31, 2013, the company has reported over 2 fold jump in its net profit at Rs 276.07 crore in FY13 as against Rs 129.07 crore in previous years. Total income of the company has increased to Rs 1512.37 crore as compared to Rs 745.47 crore in FY12, up by 102.87%.
On consolidated basis, the company has reported over 3 fold jump in its net profit after taxes, minority interest and Share of Profit / (loss) of associates at Rs 285.97 crore in FY13 as against Rs 82.60 crore in previous year. Total income of the company has increased to Rs 1947.60 crore as compared to Rs 1052.25 crore in FY12, up by 85.09%.
