Prestige Estates Projects' net profit tanks 84% to Rs 20 cr for Q1FY21

New Delhi: Bengaluru-based Prestige Estates Projects Ltd’s consolidated net profit tanked 84 percent to Rs 20 crore for the first quarter of the current fiscal as compared to Rs 123 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations fell 17 percent to Rs 1,273 crore for the first quarter of the current fiscal as compared to Rs 1,538 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined to Rs 1,245 crore for the first quarter of the current fiscal as compared to Rs 1,414 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The consolidated profit before tax of the company nosedived 75 percent to Rs 49 crore for the first quarter of the current fiscal as compared to Rs 195 crore in the corresponding quarter of the previous fiscal. 

 

menu
menu