Puravankara Projects consolidated net rises 69.34% in Jun`07 qtr
Puravankara Projects consolidated net rises 69.34% in Jun`07 qtr Newly listed Puravankara Projects on consolidated basis posted 69.36% rise in profit after tax to Rs 440.17 million for the quarter ended Jun. 30, 2007 as compared to Rs 259.91 million for the quarter ended Jun. 30, 2006. > Total income increased 27.79% to Rs 1,204.06 million for the quarter ended Jun. 30, 2007 from Rs 942.18 million for the quarter ended Jun. 30, 2006.
On standalone basis, the company posted 43.60% rise in profit after tax to Rs 356.42 million for the quarter ended Jun. 30, 2007 as against Rs 248.20 million for the corresponding quarter, last year.
Total income increased 27.79% to Rs 1,204.06 million for the quarter ended Jun. 30, 2007 from Rs 942.19 million for the quarter ended Jun. 30, 2006. Equity shares of Mumbai-based real estate developer, Puravankara Projects (PPL) were listed on bourses, August 30. Incorporated in 1986, PPL is a real estate developer with focus on developing residential and commercial properties. Operations of PPL are spread across Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the United Arab Emirates (UAE).
Shares of the company were last trading up Rs 13.45, or 3.56%, at Rs 391.05. The total volume of shares traded was 311,181 at the BSE. (10.52 a.m, Tuesday)
