Keystone Realtors Q2 profit jumps 10-fold to Rs 101 cr
Indian markets moved higher in a quarterly results development.
· Economic Times Markets
Keystone Realtors has announced a ten-fold increase in consolidated net profit for the quarter ended September. The net profit rose to Rs 100.75 crore, attributed to significant profit share from joint ventures. Total income for the quarter, however, saw a decline from the previous year. The company's pre-sales reached record levels, reflecting strong demand for luxury housing projects.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Related coverage
Marico Q2 net profit rises 29% to ₹558 cr on strong volume growth
Alembic Pharma shares hit 20% upper circuit after 81% YoY rise in Q2 PAT
NSE edges higher post Q2; Jefferies ups target after 1st earnings since IPO
Lenskart Q2 Results: Profit More Than Doubles, And Overseas Business Is the Surprise Star
Bayer CropScience Q2 profit rises 9% to Rs 166 crore despite 19% decline in revenue