New Delhi, Aug 8 (PTI) Realty firm Peninsula Land Ltd has clocked a more than four-fold jump in its consolidated net profit at Rs 60.46 crore in the first quarter of this fiscal year.

Its net profit stood at Rs 12.81 crore in the year-ago period.

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Total income, however, fell to Rs 188.33 crore during the April-June period of this fiscal year from Rs 318 crore in the corresponding period of the previous year, according to a regulatory filing on Monday.

Mumbai-based Peninsula Land, part of Ashok Piramal Group, posted a higher net profit on the back of an exceptional gain of Rs 34.64 crore during the first quarter of this fiscal year.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)