Prestige Estates Projects Q1 results show revenue fell from 2938 crores to 1966.3 crores, a -33.07% decrease in growth. EPS down from ₹11.68 to ₹6.66, down by -42.98%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Prestige Estates Projects shared its Q1 results on Tuesday. They earned 1966.3 crores in revenue this quarter, but that’s less than the 2938 crores they made last quarter. Unfortunately, the company’s growth decreased by -33.07 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 266.9 crores, down from 468.4 crores in the previous quarter. Their quarter-to-quarter growth decreased by -43.02 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹6.66, which is a decrease of -42.98% from the ₹11.68 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 1966.3 crores this year (2023), which is -2.26 percent lower than last year’s total revenue of 2011.8 crores.
This year’s PAT (Profit After Tax) is 266.9 crores, which is also 30.26% higher than last year’s PAT of 204.9 crores.
The EPS (Earnings Per Share) for this year is ₹6.66, which is 30.33% more than the EPS of ₹5.11 earned last year.
Also Read: Utkarsh Small Finance Bank Q1FY24 Results: Standalone PAT Drops to Rs 107.49 Cr
Prestige Estates Projects Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Prestige Estates Projects:
Prestige Estates Projects Limited is the proprietor and operator of real estate assets. The company engages in the construction, advancement, and leasing of residential, commercial, and retail premises. Serving clients within India, Prestige Estates Projects caters to a diverse clientele.
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