Prestige Estates' Q2 net profit down 58% at Rs 64.51 cr

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Press Trust of India New Delhi
Last Updated : Dec 08 2016 | 2:48 PM IST
Prestige Estates Projects Ltd has reported 58 per cent fall in consolidated net profit at Rs 64.51 crore for the second quarter ended September, on lower sales.
Its net profit stood at Rs 154.47 crore in the year-ago period, the Bengaluru-based firm said in a BSE filing.
Income from operations fell by 29 per cent to Rs 1,151.79 crore in the second quarter of this fiscal from Rs 1,628.68 crore in the corresponding period of last fiscal.
Total income decreased to Rs 1,173.52 crore in the July-September period from Rs 1,662.35 crore a year ago.

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First Published: Dec 08 2016 | 2:48 PM IST

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