Prestige Estates Projects Sees 3.40% Dip in Net Profit in Q1 FY25
Prestige Estates Projects' net consolidated total income stood at Rs 2024.50 crore in Q1 FY25, with a growth of 2.96 per cent from Rs 1966.30 crore in the similar quarter last year.
Prestige Estates ProjectsReal EstateNet ProfitQ1 Fy25Bombay Stock ExchangeReal EstateJul 31, 2024
The company's net profit after tax stood at Rs 307 crore in Q1 FY25 as against Rs 317.80 it recorded in the corresponding quarter of the previous fiscal, according to a filing with the Bombay Stock Exchange (BSE).
As on June 30, 2024, its net worth stood at Rs 11,521.70 crore, debt was Rs 11,057.30 crore, debt-equity ratio was 0.96, current liability ratio was 0.79, total debt to total assets was 0.22, operating margin was 42.76%, and net profit margin was 16.49%.
Prestige Estates Projects is a renowned real estate developer in India, known for its luxury residential and commercial projects. The company has a strong presence in major cities across the country, including Bangalore, Chennai, Hyderabad, and Pune.
The real estate sector in India has been witnessing a significant growth in recent years, driven by increasing demand for housing and commercial spaces. However, the sector has also been facing challenges such as rising construction costs, regulatory issues, and liquidity crunch.
Despite these challenges, Prestige Estates Projects has been able to maintain its growth momentum, thanks to its strong brand reputation, diverse portfolio of projects, and strategic business planning.
Information
Prestige Estates Projects is a leading real estate developer in India, founded in 1986 by Irfan Razack. The company has a strong presence in major cities across the country and is known for its luxury residential and commercial projects.
Prestige Estates Projects is a renowned real estate developer in India, known for its luxury residential and commercial projects. The company has a strong presence in major cities across the country, including Bangalore, Chennai, Hyderabad, and Pune.
Frequently Asked Questions
What is the net consolidated total income of Prestige Estates Projects in Q1 FY25?
Rs 2024.50 crore
What is the growth rate of Prestige Estates Projects' net consolidated total income in Q1 FY25?
2.96% from Rs 1966.30 crore in the similar quarter last year
What is the net profit after tax of Prestige Estates Projects in Q1 FY25?
Rs 307 crore
What is the debt-equity ratio of Prestige Estates Projects as on June 30, 2024?
0.96
What is the operating margin of Prestige Estates Projects in Q1 FY25?
42.76%
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