Shriram Properties Q2 profit jumps 2.5-fold as total income climbs 19%

Résumé détaillé

Southern real estate developer Shriram Properties logged a sharp bottom-line expansion in the September quarter, powered by steady revenue growth. With a 33.2 million sq ft…

Realty firm Shriram Properties on Friday reported a 2.5-fold jump in consolidated net profit to ₹21.59 crore for the September quarter.

Total income rose to ₹272.25 crore during the second quarter of this fiscal from ₹229 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the first six months of this fiscal, the company’s net profit increased to ₹32.63 crore from ₹29.16 crore in the year-ago period.

Total income grew to ₹543.29 crore in the April-September period of this fiscal from ₹490.55 crore in the corresponding period of the preceding year.

Also read: Eicher Motors Q2: Profit rises 15% as revenue climbs 20% to record high

Shriram Properties is one of India’s leading residential real estate developers. Its key markets include Bengaluru, Chennai, Pune and Kolkata.

The company has delivered 53 projects with a saleable area of 33.5 million sq ft in the last 26 years. It has a development pipeline of 33.2 million sq ft, including 15.5 million sq ft of ongoing projects.

Sebi approves IPO plans of Razorpay, Sembcorp Green Infra and MakeMyTrip India

Why Mihir Vora is looking beyond valuations to find India's next market winners - Explained

Début de l'article, extrait de CNBC-TV18. Pour lire la suite, ouvrez l'article chez le média.