Prestige Estates Limited

Prestige Estates Limited Q1 Results; Net Profit Fall 99%

Prestige Estates Limited Q1 Results; Net Profit Fall 99%:

To begin with, Prestige Estates Limited announced, its net profit of Rs. 1.60 Cr with a 99% fall on August 15th. While the company also posted its consolidated net profit of Rs. 115.30 Cr in the same quarter last year.

Besides, the company’s total revenue stood at Rs. 1,296.30 Cr in this quarter ended on 30th June. The company also posted its total revenue of Rs. 1,567.40 Cr in the same quarter last year.

Furthermore, the company on August 15th reported its Q1FY21 result. The Bengaluru-based company had announced its consolidated net profit stood at Rs. 403.10 Cr. Also, its total revenue stood at Rs. 8,243.30 Cr in the current quarter.

Prestige Estates Ltd. shares traded with a gain of 0.60 points reached 232.00 INR with 0.26% up. Its shares previously closed at 231.40 INR. The company shares traded on the National Stock Exchange.

Stock Market Update: 

Stock Market August 14th: On Friday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 37,877.34 levels and Nifty stood traded loss with 11,178.40 levels. The Sensex declined 433.15 points with a 1.13% loss. Besides, Nifty has declined 122.05 points with a 1.08% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 25,25,222 as of August 15th, and deaths reached 49,134.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market Yesterday. It declined 149.17 points with a 1.02% loss and reached a 14,433.58 level. The S&P BSE Smallcap index declined 84.46 points with a 0.61% loss and reached a 13,855.18 level. However, the Nifty Bank declined 516.95 points with a 2.33% loss and reached a 22,196.35 level.

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