Prestige Estates Projects' Consolidated Profit Jumps in Fiscal Q4

MT Newswires Live

May 22

Prestige Estates Projects' (NSE:PRESTIGE, BOM:533274) consolidated attributable profit increased sharply to 2.50 billion Indian rupees in the fiscal fourth quarter, from 250 million rupees a year ago, according to an Indian bourse filing on Thursday.

Shares of the real estate developer slipped 1% in Friday's trade.

Earnings per share during the quarter ended March 31 soared to 5.81 rupees from the year-ago figure of 0.58 rupees.

Revenue from operations in fiscal Q4 also jumped to 40.7 billion rupees from 15.3 billion rupees a year earlier.

The company recommended a final dividend of 2 rupees per share for the financial year ended March 31.

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