Puravankara Projects Q4 net profit at Rs 17 cr; stock down

MUMBAI: Puravankara Projects reported consolidated net profit of Rs 16.88 crores for quarter ended March 2011 against Rs 43.73 crores in the corresponding quarter a year ago. Revenues were at Rs 155.22 crores for the March quarter as compared to Rs 122.81 crores a year ago.

The stock was at Rs 102.50, down 3.07 per cent on the NSE. It touched a high of Rs 104.70 and low of Rs 101.20 in trade so far.