New Delhi, Nov 13 (PTI) Realty firm Shriram Properties Ltd on Friday reported a 2.5-fold jump in consolidated net profit

New Delhi, Nov 13 (PTI) Realty firm Shriram Properties Ltd on Friday reported a 2.5-fold jump in consolidated net profit

New Delhi, Nov 13 (PTI) Realty firm Shriram Properties Ltd on Friday reported a 2.5-fold jump in consolidated net profit

New Delhi, Nov 13 (PTI) Realty firm Shriram Properties Ltd on Friday reported a 2.5-fold jump in consolidated net profit to Rs 21.59 crore for the September quarter.

     Its net profit stood at Rs 8.57 crore in the year-ago period.

     Total income rose to Rs 272.25 crore during the second quarter of this fiscal from Rs 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 Rs 32.63 crore from Rs 29.16 crore in the year-ago period.

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

     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.

(This story has not been edited by THE WEEK and is auto-generated from PTI)