Prestige Estates Projects shines on reporting over two fold jumps in Q4 net profit

22 May 2013

Prestige Estates Projects is currently trading at Rs. 181.95, up by 5.15 points or 2.91% from its previous closing of Rs. 176.80 on the BSE.

The scrip opened at Rs. 187.25 and has touched a high and low of Rs. 188.00 and Rs. 181.50 respectively. So far 43,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.90 on 07-Feb-2013 and a 52 week low of Rs. 96.25 on 24-Jul-2012.

Last one week high and low of the scrip stood at Rs. 192.35 and Rs. 174.00 respectively. The current market cap of the company is Rs. 6,368 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 23.07% and 1.93% respectively.

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%.

Related Prestige Estate Projects Ltd. Links:

Prestige Estate Proj Share Price

288.20 0.00 (0.00%) Nov 15, 18:01
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Peers
Company Name CMP
Dilip Buildcon 397.95
NBCC (India) 37.40
Sobha 396.35
DLF 211.75
JMC Projects (India) 106.25
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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