Prestige Estates Projects standalone net profit rises 549.73% in the March 2017 quarter

Sales decline 37.84% to Rs 562.92 crore

Net profit of Prestige Estates Projects rose 549.73% to Rs 311.87 crore in the quarter ended March 2017 as against Rs 48.00 crore during the previous quarter ended March 2016. Sales declined 37.84% to Rs 562.92 crore in the quarter ended March 2017 as against Rs 905.56 crore during the previous quarter ended March 2016.

For the full year,net profit rose 47.03% to Rs 589.09 crore in the year ended March 2017 as against Rs 400.66 crore during the previous year ended March 2016. Sales declined 33.15% to Rs 2180.30 crore in the year ended March 2017 as against Rs 3261.30 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales562.92905.56 -38 2180.303261.30 -33 OPM %16.359.34 -20.5317.71 - PBDT63.3658.52 8 361.69495.81 -27 PBT51.8945.53 14 312.16445.41 -30 NP311.8748.00 550 589.09400.66 47

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