Prestige Estates Projects has reported results for first quarter ended June 30, 2012.
The company has posted a rise of 75.85% in its net profit at Rs 86.66 crore for the quarter under review as compared to Rs 49.28 crore for the same quarter in the previous year. Total income has increased by 114.85% at Rs 529.31 crore for Q1FY13 as compared Rs 246.36 crore for the corresponding quarter previous year.
Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties. The partners of the firm were the Late S Razack, Irfan Razack, Rezwan Razack and Sameera Noaman.
