Shriram Properties records Rs 13.21 cr profit in Dec quarter

Bengaluru-based Shriram Properties has registered a net profit of Rs 13.21 crore for the quarter ended December. It had recorded a net loss of Rs 27.16 crore in the corresponding period of the previous year, the firm told the media.Total revenue, yet, dipped to Rs 130.12 crore in the third quarter of the financial year from Rs 161.70 crore in the similar period of the previous year. It is the first quarterly result of Bengaluru-based Shriram Properties after it got recorded on the stock exchanges. Shriram Properties is a real estate developer concentrating on mid-income residential projects, mainly in South India. They have their headquarters located in Chennai, Tamil Nadu, India. Image Source Also read: Shriram Group announces merger to create largest retail finance