Prestige Estates Projects Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Prestige Estates Projects Ltd reported a 29.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 13.8%.
- Its expenses for the quarter were down by 27.6% QoQ and 6.0% YoY.
- The net profit decreased 86.3% QoQ and decreased 80.4% YoY.
- The earnings per share (EPS) of Prestige Estates Projects Ltd stood at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1697.90 | 2423.80 | 1970.50 | -29.9% | -13.8% |
Total Expenses | 1614.20 | 2230.00 | 1717.20 | -27.6% | -6.0% |
Profit Before Tax | 83.70 | 193.80 | 253.30 | -56.8% | -67.0% |
Tax | 44.50 | -51.90 | 72.30 | -185.7% | -38.5% |
Profit After Tax | 32.20 | 234.60 | 164.70 | -86.3% | -80.4% |
Earnings Per Share | 0.40 | 4.70 | 2.90 | -91.5% | -86.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Prestige Estates Projects Ltd is a prominent real estate development company based in India. The company operates in the real estate sector, focusing on residential, commercial, retail, and hospitality projects across various regions in India. As a leading player in the industry, Prestige Estates Projects Ltd has a significant portfolio of completed and ongoing projects, contributing to its reputation as a reliable developer. Although specific recent developments are not mentioned in the data provided, the company continues to expand its footprint in the real estate sector through strategic projects and partnerships.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Prestige Estates Projects Ltd reported a total income of ₹1,697.90 crores. This figure represents a decrease of 29.9% from the previous quarter (Q2FY25), where the total income was ₹2,423.80 crores. Additionally, when compared to the same quarter in the previous year (Q3FY24), the total income decreased by 13.8% from ₹1,970.50 crores. These fluctuations in revenue showcase variations in the company's income-generating activities over the analyzed periods.
Profitability
For Q3FY25, the company recorded a profit before tax of ₹83.70 crores, which is a significant reduction of 56.8% compared to the ₹193.80 crores reported in Q2FY25. Year-over-year, the profit before tax decreased by 67.0% from ₹253.30 crores in Q3FY24. The tax expense for Q3FY25 was ₹44.50 crores, a notable shift from a tax credit of ₹51.90 crores in Q2FY25 and a reduction from the ₹72.30 crores tax expense in Q3FY24. Consequently, the profit after tax for Q3FY25 was ₹32.20 crores, down 86.3% quarter-over-quarter from ₹234.60 crores and 80.4% year-over-year from ₹164.70 crores. Earnings per share (EPS) for the quarter stood at ₹0.40, experiencing a decline of 91.5% QoQ from ₹4.70 and 86.2% YoY from ₹2.90.
Operating Metrics
Total expenses for Q3FY25 were reported at ₹1,614.20 crores, marking a decrease of 27.6% from the ₹2,230.00 crores recorded in Q2FY25. Compared to Q3FY24, total expenses fell by 6.0% from ₹1,717.20 crores. This reduction in expenses aligns with the overall decrease in income and profitability metrics for the quarter. The company's ability to manage expenses effectively in light of lower revenues is reflected in these figures. The data does not provide specific details on other operating metrics such as debt-to-equity ratio, P/E ratio, or current ratio, thus limiting the scope of this analysis to the provided figures.
