Peninsula Land is planning to launch 3 projects in Mumbai soon, which include two in South Mumbai and one in Central Mumbai. The company’s revenue recognition has been low this quarter. The company has unsold inventory of 120k sq ft in Peninsula Business Park and currently is diversifying revenue streams from Peninsula Business Park.
Peninsula Land’s Q4FY13 net profit grew over two folds at Rs 41.12 crore as compared to 20.45 crore in the Q4FY12. The company’s total income from operation rose by 2.65% at Rs 578.73 crore as against Rs 563.18 crore in the corresponding quarter of the previous year.
Peninsula Land is known for its concept-based architectures in the commercial, retail and residential sectors. The company is also known for its professional corporate management, international landmarks and value additions.