Satra Properties (India) has posted 56 per cent rise in net profit at Rs 7.66 crore in the first quarter of the current fiscal as compared to Rs 4.92 crore in the corresponding quarter last year.
The company’s first quarter turnover grew 264 per cent to Rs 100.08 crore in comparison with Rs 275.29 crore in the comparable quarter last year. The margin was a bit squeezed because of general slowdown in realty sector and capital invested to set up a wholly owned subsidiary in Dubai as Satra International Realtors with the prime object of development and construction activities.
