ResultsEconomic Times
Shriram Properties Q2 net profit rises 151%
Positive+99Company event
GreyOak summary
Shriram Properties reported a 151% year-on-year increase in net profit to Rs 21.6 crore for the quarter ended September. Revenue grew 19% to Rs 272.3 crore, driven by higher project completions and sales of Rs 583 crore. The company acquired stakes in five joint ventures, increasing consolidated net debt to Rs 761 crore, while expecting to hand over 2,300 units in the second half.
What it affects
- Shriram PropertiesSHRIRAMPPSPositive +99
Net profit rose 151% to Rs 21.6 crore.Rolling sentiment Positive +38
Source
Read the original at Economic TimesMore Shriram Properties news
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