Prestige Estates Projects Ltd’s net profit tumbles to less than half in Q3FY21

New Delhi: Bengaluru-based Prestige Estates Projects Ltd’s consolidated net profit fell 59 percent at Rs 87 crore for the third quarter of the current fiscal as compared Rs 216 crore in the corresponding quarter of the previous fiscal.

The total income of the company declined to Rs 1,928 crore in the third quarter of the current fiscal from Rs 2,696 crore in the corresponding quarter of the previous year, according to a regulatory filing.

The company has around 62 million square feet under execution or planning. It holds a land bank with potential of developing 27 million square feet space.

 

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