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32 Percentage of quarterly net profit of Marathon Nextgen Real Estate was jumped

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Mumbai based leading real estate company Marathon Nextgen Real Estate Ltd was posted 32% of rise in the net profit after the tax to Rs. 331.5 Million for the quarter ended in September 2011 as compared to Rs. 251.6 Million which recorded in the period year ago. Nextgen has listed an increase in the total amount at Rs. 432.6 Million in quarter and has risen to 49% as it was compared to Rs. 291.3 Million year ago. It has posted a net profit of Rs. 52.61 Crores half year in September 2011 by 29% rise and against Rs. 407.1 Million in the same year.
The total income of Rs. 67.69 Crores was in the half year in September 2011 and was raised by 53% against Rs. 44.12 Crores during the corresponding year. The earnings for per share stood up at Rs. 17.49 during the half year in September 2011 compared to Rs. 13.27 in the quarter last year. Comments on the financial performance the chairman and managing director Chetan Shah of Marathon Nextgen Realty Ltd said, “Company has performed well during the 2nd quarter in view of the inspiring sales performance from our commercial project Marathon Innova during the quarter. Companies pioneering product SBS-Small Business Spaces has received hopeful response from the Banking Services and from Insurance Companies (BFSI) and we are positive about the remaining left out quarter while the construction at the Innova project is about to complete and also response to our office space is pretty cheering.”
Source: NIMMA BENGALURU

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