Prestige Estates Projects Ltd disappoints with its Q2 results
DSIJ Intelligence / 08 Dec 2016
The company has posted a net profit of Rs 71.13 crore for the quarter ended 30 September, 2016 as compared to Rs. 128.31 crore for the quarter ended 30 September, 2015.
Prestige Estates Projects Ltd has announced the results for the quarter ended September 30, 2016 on December 7th.
On standalone basis the performance has been as below:-
The company has posted a net profit of Rs 71.13 crore for the quarter ended 30 September, 2016 as compared to Rs. 128.31 crore for the quarter ended 30 September, 2015.
The total income has decreased from Rs 778.39 crore for the quarter ended 30 September, 2015 to Rs. 512.10 crore for the quarter ended 30 September, 2016.
On a consolidated basis, the group has posted a net profit for the period after minority interest and share of profit/(loss) of jointly controlled entities of Rs 64.51 crore for the quarter ended 30 September, 2016 as compared to Rs 154.47 crore for the quarter ended 30 September, 2015.
The total income has decreased from Rs 1662.35 crore for the quarter ended 30 September, 2015 to Rs. 1173.52 crore for the quarter ended 30 September, 2016.
The stock has underperformed the market over a one year period with the stock losing almost 30 per cent.On standalone basis the performance has been as below:-
The company has posted a net profit of Rs 71.13 crore for the quarter ended 30 September, 2016 as compared to Rs. 128.31 crore for the quarter ended 30 September, 2015.
The total income has decreased from Rs 778.39 crore for the quarter ended 30 September, 2015 to Rs. 512.10 crore for the quarter ended 30 September, 2016.
On a consolidated basis, the group has posted a net profit for the period after minority interest and share of profit/(loss) of jointly controlled entities of Rs 64.51 crore for the quarter ended 30 September, 2016 as compared to Rs 154.47 crore for the quarter ended 30 September, 2015.
The total income has decreased from Rs 1662.35 crore for the quarter ended 30 September, 2015 to Rs. 1173.52 crore for the quarter ended 30 September, 2016.
The stock has underperformed the market over a one year period with the stock losing almost 30 per cent.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.