Prestige Estates Projects consolidated net profit rises 58.15% in the March 2017 quarter

Sales rise 5.59% to Rs 1443.73 crore

Net profit of Prestige Estates Projects rose 58.15% to Rs 113.57 crore in the quarter ended March 2017 as against Rs 71.81 crore during the previous quarter ended March 2016. Sales rose 5.59% to Rs 1443.73 crore in the quarter ended March 2017 as against Rs 1367.36 crore during the previous quarter ended March 2016.

For the full year,net profit declined 41.93% to Rs 379.31 crore in the year ended March 2017 as against Rs 653.24 crore during the previous year ended March 2016. Sales declined 13.68% to Rs 4774.45 crore in the year ended March 2017 as against Rs 5530.98 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1443.731367.36 6 4774.455530.98 -14 OPM %18.8014.85 -19.2619.28 - PBDT206.49129.90 59 703.041009.87 -30 PBT167.5592.81 81 539.36882.45 -39 NP113.5771.81 58 379.31653.24 -42

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