Reported Consolidated quarterly numbers for Prestige Estates Projects are:Net Sales at Rs 1,922.90 crore in September 2019 up 45.4% from Rs. 1,322.50 crore in September 2018.Quarterly Net Profit at Rs. 110.60 crore in September 2019 up 14.26% from Rs. 96.80 crore in September 2018.Close EBITDA stands at Rs. 649.70 crore in September 2019 up 58.35% from Rs. 410.30 crore in September 2018.Prestige Estate EPS has increased to Rs. 2.95 in September 2019 from Rs. 2.58 in September 2018.Prestige Estate shares closed at 306.90 on November 11, 2019 (NSE) and has given 25.57% returns over the last 6 months and 65.36% over the last 12 months.Prestige Estates ProjectsConsolidated Quarterly Resultsin Rs. Cr.Sep'19Jun'19Sep'18Net Sales/Income from operations1,922.901,538.701,322.50Other Operating Income------Total Income From Operations1,922.901,538.701,322.50EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks219.30204.50-550.50Power & … [Read more...] about Prestige Estate Consolidated September 2019 Net Sales at Rs 1,922.90 crore, up 45.4% Y-o-Y
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There is a big divergence between how the stock market is and the economy is faring. One seems to be hitting all-time highs while the other is hitting lower levels with each passing month.In this ease, growth slowdown has deepened as IIP performance for the second consecutive month points to a deep slump in economic activity. Industrial production data contracted for the second month in a row to 4.3 percent in September, its lowest level in almost 8 years.In terms of markets – the S&P BSE Sensex, which has risen over 11 percent so far in the year 2019, hit a fresh record high of 40,749 on November 8, while the Nifty50 also reclaimed 12,000 levels in the week gone by.Close Equity markets are inching towards record high, but the economy seems to be struggling, which puts investors’ in doubt about investing at record highs. We spoke to experts to help us understand the dichotomy and if investors did the right thing investing in markets at record highs. related … [Read more...] about Economic data disappoints: Did you make a mistake in investing when Nifty50 hit 12K?
Looking at some of the Bollywood movies released this year, one can't help but wonder that given the number of films that struggled to break even, how is it that the industry remains lucrative for those invested in it.Well, a look at some statistics from the last 12 months revealed that Indian films have a fall-back option in the form of overseas markets. These markets have become important contributors to a film's overall revenue.According to a FICCI-KPMG report, contribution from international markets in 2016 was 8 percent of the overall industry’s revenue. The segment had grown by 14 percent, from Rs 9.5 billion in 2015 to Rs 10.9 billion in 2016. And by the looks of it, this success of Hindi films outside India continued in this year as well.Close As of today, a director of a Bollywood movie has that extra bit of assurance while venturing into the project that even if his or her film doesn't do well in India, it will find takers abroad and mitigate his losses or even make a … [Read more...] about Going global: A look at the highest earning Bollywood films in overseas market in 2017
Tennis star Serena Williams says her five years as a venture investor have helped inform her newest entrepreneurial foray—a fine jewelry line with pieces priced from $299 to $10,000. advertisement advertisement Williams, who revealed in April that she’d quietly been investing in early stage companies since 2014, tells Fast Company that the experience of investing has made her keenly aware of the importance of business structure and strong partnerships. Serena Ventures is an investor in more than two dozen companies, including Tonal, Brandless, The Wing, MasterClass, and Andela. “If you’re going to partner with someone, make sure you have good partners,” Williams says. She also notes: “Make sure you have a great business plan on how to do it and how to structure it.” The jewelry line, which Williams launched via Instagram last week, is produced in collaboration with K.P. Sanghvi, a global diamond manufacturer. Williams says the jewels … [Read more...] about What Serena Williams has learned from venture investing
Global stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in London, Frankfurt, Shanghai and Tokyo declined.Trump said Tuesday that an agreement on the "Phase 1" deal announced last month "could happen soon." But he warned he was ready to raise tariffs "very substantially" if that fails.The two sides disagree publicly about whether Washington agreed to roll back some punitive tariffs imposed in the fight over Beijing's trade surplus and technology ambitions. The Chinese government said last week that was settled, but Trump denied that.Close Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & … [Read more...] about Global stocks sink after Trump threatens more China tariffs