Shriram Properties trades higher on turning black in Q1
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Shriram Properties is currently trading at Rs. 74.30, up by 1.25 points or 1.71% from its previous closing of Rs. 73.05 on the BSE.
The scrip opened at Rs. 74.65 and has touched a high and low of Rs. 74.80 and Rs. 71.75 respectively. So far 29436 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.75 on 20-Jan-2022 and a 52 week low of Rs. 59.60 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 76.00 and Rs. 71.75 respectively. The current market cap of the company is Rs. 1267.08 crore.
The promoters holding in the company stood at 28.00%, while Institutions and Non-Institutions held 48.34% and 23.65% respectively.
Shriram Properties has reported net profit at Rs 7.36 crore for first quarter ended June 30, 2022 as compared to net loss of Rs 1.58 crore for the same quarter in the previous year. Total income of the company increased by 15% at Rs 56.89 crore for Q1FY23 as compared Rs 49.47 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit at Rs 10.47 crore for first quarter ended June 30, 2022 as compared to net loss of Rs 36.74 crore for the same quarter in the previous year. Total income of the company reported 2-fold jump at Rs 145.11 crore for Q1FY23 as compared Rs 60.92 crore for the corresponding quarter previous year.
