Beating all negative sentiments rocking the real estate
sector in India, Bangalore-based real estate developer Puravankara Projects has
announced that their consolidated net profit grew by 71 percent year-on-year to
Rs 78.7 crore in the fourth quarter of financial year 2012-13.
The consolidated total income of the company rose by 79 per cent
to Rs 415 crore from Rs 232 crore during the same period, according to company
statement.
Consolidated earnings before interest, tax, depreciation and
amortisation (EBITDA) jumped 49 per cent Year-on-year to Rs 178 crore in
January-March quarter.
However, EBITDA margin fell quite significantly to 43
percent versus 51.5 percent YoY.
The share rallied 6.5 per cent to Rs 104.25 amid heavy
volumes on Bombay Stock Exchange and went up 10 percent higher intraday.
Trading volumes increased 164 per cent to 298125 equity
shares as compared to its five-day average of 1,12,848 shares, according to a Moneycontrol
estimate.
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