Net loss of Peninsula Land reported to Rs 31.26 crore in the quarter ended June 2017 as against net profit of Rs 1.54 crore during the previous quarter ended June 2016. Sales rose 210.57% to Rs 75.25 crore in the quarter ended June 2017 as against Rs 24.23 crore during the previous quarter ended June 2016.

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Peninsula Land has appointed Sajit Suvarna as an Additional Director in the category of an Independent Director of the Company.

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Net loss of Peninsula Land reported to Rs 114.75 crore in the quarter ended March 2017 as against net profit of Rs 25.98 crore during the previous quarter ended March 2016. Sales rose 458.98% to Rs 210.68 crore in the quarter ended March 2017 as against Rs 37.69 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 143.10 crore in the year ended March 2017 as against net profit of Rs 17.40 crore during the previous year ended March 2016. Sales rose 140.69% to Rs 264.57 crore in the year ended March 2017 as against Rs 109.92 crore during the previous year ended March 2016.

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The result was announced after market hours yesterday, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 268.91 points, or 0.9% at 30,202.16. The S&P BSE Small-cap index was up 141.10 points, 0.91% at 15,685.73.

High volumes were traded on the counter. On the BSE, 4.41 lakh shares were traded on the counter so far as against the average daily volumes of 2.75 lakh shares in the past one quarter. The stock had hit a high of Rs 25.45 and a low of Rs 23.50 so far during the day.

The stock had hit a 52-week high of Rs 30.20 on 18 April 2017 and a 52-week low of Rs 13.15 on 27 December 2016. The stock had outperformed the market over the past one month till 9 May 2017, advancing 9.09% compared with the Sensex's 0.76% rise. The scrip had also outperformed the market over the past one quarter advancing 55.84% as against the Sensex's 5.66% rise.

The small-cap company has equity capital of Rs 55.84 crore. Face value per share is Rs 2.

Peninsula Land's total income spurted 200% to Rs 2.55 crore in Q4 March 2017 over Q4 March 2016.

Shares of Peninsula Land had witnessed an impressive rally prior to the announcement of the company's results. The stock had surged 16.56% in the preceding two trading sessions to settle at Rs 26.40 yesterday, 9 May 2017, from its closing of Rs 22.65 on 5 May 2017.

Peninsula Land is the real estate arm of Ashok Piramal Group. The company is known for its concept based architectures in the commercial, retail and residential sectors.

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