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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%