Prestige Gains Despite 37% fall in Net Profit

February 15, 2017 - 12:17:19 PM

PrestigePrestige Estate Projects is currently trading at Rs. 171.85 up by 1.55 points or 0.91 per cent from its previous closing of Rs. 170.30 on the NSE. The scrip opened at Rs. 170 and has touched a high and low of Rs. 172.50 and Rs. 169.10 respectively. So far 9,517 shares are traded on the counter with a traded value of 16.29 lacs.

The stock has a face value Rs. 10 has touched a 52 week high of Rs. 223.80 on 23rd Sep 2016 and a 52 week low of Rs. 129.55 on 17th Mar 2016. Last one week high and low of Prestige share price stood at Rs. 185.85 and Rs. 167.30 respectively. The current market cap of the company is Rs. 6333.75 crore. The promoters holding in the company stood at 70.00 per cent, while Institutions and Non-Institutions held 29.03 per cent and 0.97 per cent respectively.

Prestige Estates Projects registered 37.61per cent fall in its net profit at Rs 69.34 crore for the quarter ended December 31, 2016 as against Rs 111.14 crore for the same quarter in the previous year. Total income of the company decreased by 21.54 per cent at Rs 570.17 crore for the quarter under review as compared Rs 726.68 crore for the corresponding quarter previous year.

On the consolidated basis, the company has clocked a fall of 75.51per cent in its net profit after taxes, minority interest and share of profit of jointly controlled entities at Rs 68.30 crore for the quarter ended December 31, 2016, as compared to Rs 278.93 crore for the corresponding quarter in the previous year. But, total income of the company increased marginally by 0.09 per cent at Rs 1253.52 crore for the quarter under review as against Rs 1252.44 crore for the corresponding quarter previous year.Prestige is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels.

For further details, refer to Prestige share price history.

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
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