Realty firm Prestige Estates Projects today reported 58 per cent fall in consolidated net profit at Rs 47.79 crore for the quarter ended June on lower sales.

Its net profit stood at Rs 114.64 crore in the year-ago period, Bengaluru-based firm said in a regulatory filing.

Income from operations fell 37 per cent to Rs 944.86 crore in the first quarter of this fiscal from Rs 1,493.32 crore in the corresponding period of the previous year.

Total Income decreased to Rs 971.35 crore for the quarter ended June from Rs 1,511.86 crore in the year-ago period.

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