Prestige Estates Q3 Profit Soars 8-Fold to Rs 245 Cr on Strong Income Growth

• Prestige Estates Projects Ltd reported a nearly eight-fold increase in consolidated net profit for Q3 FY24.
• Net profit jumped to Rs 244.7 crore in the October-December quarter, up from Rs 32.2 crore last year.
• Total income for the quarter surged to Rs 3,885.5 crore, significantly higher than Rs 1,697.9 crore in the previous year.
• The substantial growth is attributed to higher income during the third quarter.
• Prestige Estates is a prominent real estate developer based in Bengaluru.

Why It Matters: Prestige Estates' Q3 profit surged nearly eight times to Rs 245 crore driven by robust income growth.