Brigade Enterprises surges on four-fold jump in Q4 profit
The company is planning to launch 8 million sq.ft. new projects during the current financial year 2013-14.
Brigade Enterprises has surged 11% to Rs 80.85 after reporting almost four-fold jump in net profit at Rs 28.39 crore for the quarter ended March 31, 2013 (Q4), on back of impressive growth in operational income. The real estate developer had profit of Rs 8.03 crore in a year ago quarter.
“Revenues grew 125% to Rs 299 crore from Rs 133 crore during the recently concluded quarter,” Brigade Enterprises said in a press release.
Meanwhile, the company is planning to launch 8 million sq.ft. new projects during the current financial year 2013-14 against launched of 4 million sq.ft. in previous fiscal.
The stock opened at Rs 83 and touched high of Rs 83.90 on NSE. A combined 1.01 million shares changed hands on the counter so far against an average less than 120,000 shares that were traded daily in past two weeks.
“Revenues grew 125% to Rs 299 crore from Rs 133 crore during the recently concluded quarter,” Brigade Enterprises said in a press release.
Meanwhile, the company is planning to launch 8 million sq.ft. new projects during the current financial year 2013-14 against launched of 4 million sq.ft. in previous fiscal.
The stock opened at Rs 83 and touched high of Rs 83.90 on NSE. A combined 1.01 million shares changed hands on the counter so far against an average less than 120,000 shares that were traded daily in past two weeks.