Prozone Realty Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Prozone Realty Ltd reported a 6.7% 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 growth of 9.4%.
- Its expenses for the quarter were down by 13.7% QoQ and 5.8% YoY.
- The net profit increased 894.9% QoQ and decreased 846.2% YoY.
- The earnings per share (EPS) of Prozone Realty Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 47.30 | 50.71 | 43.24 | -6.7% | 9.4% |
Total Expenses | 43.17 | 50.03 | 45.81 | -13.7% | -5.8% |
Profit Before Tax | 4.12 | 0.68 | -2.56 | 505.9% | -260.9% |
Tax | 0.43 | 0.44 | -1.93 | -2.3% | -122.3% |
Profit After Tax | 3.88 | 0.39 | -0.52 | 894.9% | -846.2% |
Earnings Per Share | 0.10 | 0.10 | 0.00 | 0.0% | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Prozone Realty Ltd is a real estate company engaged in the development and management of large-scale shopping malls, commercial, and residential projects. The company operates primarily within the real estate sector, focusing on creating mixed-use developments in urban areas. Prozone Realty aims to deliver sustainable projects that integrate shopping, entertainment, and living spaces. Any recent major developments regarding Prozone Realty Ltd's business activities or strategic initiatives are not available in the provided data.
Revenue
In Q3FY25, Prozone Realty Ltd reported a total income of ₹47.30 crores, marking a decrease from ₹50.71 crores in Q2FY25, which represents a quarter-over-quarter (QoQ) decline of 6.7%. However, when compared to the same quarter the previous year (Q3FY24), where the total income was ₹43.24 crores, there is a year-over-year (YoY) increase of 9.4%. This performance highlights a trend of growth in revenue on an annual basis, despite a decline in quarterly revenue.
Profitability
Prozone Realty Ltd's profitability improved significantly in Q3FY25. The profit before tax (PBT) surged to ₹4.12 crores from ₹0.68 crores in Q2FY25, reflecting a substantial QoQ increase of 505.9%. This is a notable turnaround from the negative PBT of ₹-2.56 crores reported in Q3FY24. The profit after tax (PAT) also increased dramatically to ₹3.88 crores in Q3FY25 from ₹0.39 crores in Q2FY25, an 894.9% increase QoQ. In comparison to Q3FY24, where a loss of ₹-0.52 crores was recorded, the PAT shows a significant YoY improvement. The earnings per share (EPS) remained constant at ₹0.10 in Q3FY25 and Q2FY25, with no EPS data available for Q3FY24.
Operating Metrics
The total expenses for Prozone Realty Ltd in Q3FY25 were ₹43.17 crores, which is a reduction from ₹50.03 crores in Q2FY25, showing a QoQ decrease of 13.7%. Compared to Q3FY24, total expenses decreased from ₹45.81 crores, reflecting a YoY decline of 5.8%. This reduction in expenses contributed to the improved profitability for the quarter. The tax expense in Q3FY25 was ₹0.43 crores, slightly lower than ₹0.44 crores in Q2FY25, a minor decrease of 2.3% QoQ. In Q3FY24, the company recorded a negative tax amount of ₹-1.93 crores, indicating a change in tax obligations or accounting adjustments compared to the current period.
