Prestige Estates Projects reports 154% yoy rise in PAT for Q3

Prestige Estates Projects reports 154% yoy rise in PAT for Q3
Prestige Estates Projects' sales rose 154.48% yoy to Rs2,680.90cr as against Rs 1053.50cr during the previous quarter ended December 2018. 

Net profit of Prestige Estates Projects rose 178.49% yoy to Rs161.80cr in the quarter ended December 2019 vs. Rs58.10cr during the previous quarter ended December 2018. 

Operating profit stood at Rs275cr in Q3 vs. Rs248cr in the year-ago period.

Stock View:

Prestige Estates Projects Ltd ended at Rs381.25 down by Rs20.1 or 5.01% from its previous closing of Rs401.35 on the BSE.

The scrip opened at Rs404 and touched a high and low of Rs405.20 and Rs376 respectively. A total of 6,29,958 (NSE+BSE) shares were traded on the counter.




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