Prestige Estates Projects shines on reporting over 6-fold jump in Q2 consolidated net profit
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Prestige Estates Projects is currently trading at Rs. 824.55, up by 32.90 points or 4.16% from its previous closing of Rs. 791.65 on the BSE.
The scrip opened at Rs. 825.05 and has touched a high and low of Rs. 853.00 and Rs. 818.85 respectively. So far 79551 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 853.00 on 8-Nov-2023 and a 52 week low of Rs. 391.30 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 853.00 and Rs. 742.65 respectively. The current market cap of the company is Rs. 33008.95 crore.
The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 32.33% and 2.19% respectively.
Prestige Estates Projects has reported over 2-fold jump in its net profit at Rs 129.00 crore for second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 45.30 crore for the same quarter in the previous year. Total income of the company increased by 25.48% at Rs 1,057.70 crore for Q2FY24 as compared to Rs 842.90 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 6-fold jump in its net profit at Rs 910.30 crore for Q2FY24 as compared to Rs 148.60 crore for the same quarter in the previous year. Total income of the company increased by 120.79% at Rs 3,256.00 crore for Q2FY24 as compared to Rs 1,474.70 crore for the corresponding quarter previous year.
