Peninsula Land has reported a net consolidated profit after tax of Rs 55.73 crore during the quarter ended March 31, 2023. It had recorded a net consolidated loss after tax of Rs 53.13 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company's net consolidated total income stood at Rs 151.38 crore in Q4 FY23, a growth of 45.80 percent from Rs 103.83 crore it recorded in a similar quarter last year.
The board of directors proposed raising funds worth Rs 150 crore by way of issuing non-convertible debentures on a private placement basis in one or more tranches during the financial year 2023-24, it said in the regulatory filing.
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Ruchi Mane
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Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.