Realty firm Prestige Estates Projects Ltd has reported a six-fold jump in its consolidated net profit to ₹850.9 crore in the second quarter of this fiscal year on higher income. Its net profit stood at ₹140.7 crore in the year-ago period.
Total income rose to ₹3,256 crore in the July-September period of 2023-24 from ₹1,474.7 crore in the corresponding period of the previous year, according to a regulatory filing on Tuesday. During the April-September period of this fiscal, net profit increased to ₹1,117.8 crore from ₹345.6 crore in the year-ago period.
Total income rose to ₹5,222.3 crore in the first six months of this fiscal from ₹3,486.5 crore in the same period of the last financial year. Prestige Estates is one of the leading real estate developers in the country.
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