Prajay Engineers Syndicate Ltd's Q3FY25 Quarterly Results

Result Summary

• Prajay Engineers Syndicate Ltd reported a 52.2% 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 40.6%.
• Its expenses for the quarter were down by 49.2% QoQ and 38.8% YoY.
• The net profit decreased 34.9% QoQ and decreased 40.9% YoY.
• The earnings per share (EPS) of Prajay Engineers Syndicate Ltd declined at 0.6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Prajay Engineers Syndicate Ltd is a company primarily involved in the real estate sector, with a focus on residential and commercial properties. The company is known for its development of integrated townships, apartments, villas, and commercial spaces. As of the most recent updates available, there have not been significant company-specific developments disclosed publicly. However, the real estate industry as a whole has been subject to fluctuations due to economic conditions, government policies, and consumer demand. These external factors often influence the financial performance of companies within this sector.

Revenue

For the third quarter of fiscal year 2025 (Q3FY25), Prajay Engineers Syndicate Ltd reported a total income of ₹12.67 crores. This represents a significant decrease of 52.2% from the previous quarter (Q2FY25), where the total income was ₹26.52 crores. Compared year-over-year (YoY), there was also a decline of 40.6% compared to Q3FY24, which recorded a total income of ₹21.33 crores. The substantial decrease in revenue both on a quarter-over-quarter (QoQ) and year-over-year basis could be attributed to a variety of market factors. However, specific reasons for this decline are not detailed in the available data.

Profitability

In terms of profitability, the company posted a loss before tax of ₹3.74 crores in Q3FY25. This is an improvement of 35.1% QoQ from a loss of ₹5.76 crores in Q2FY25 and a 31.6% reduction in losses YoY when compared to Q3FY24, which recorded a loss of ₹5.47 crores. Despite the reduction in losses, Prajay Engineers Syndicate Ltd incurred a profit after tax loss of ₹4.04 crores in Q3FY25, which reflects a 34.9% improvement from the previous quarter's loss of ₹6.21 crores and a 40.9% improvement from the loss of ₹6.84 crores recorded in Q3FY24. The earnings per share (EPS) also improved from -₹0.90 in Q2FY25 to -₹0.60 in Q3FY25, showing a 33.3% QoQ improvement, and a 40% YoY improvement from -₹1.00 in Q3FY24. These figures indicate a trend of decreasing losses over the periods compared.

Operating Metrics

The total expenses for Q3FY25 amounted to ₹16.40 crores, which is a decrease of 49.2% from ₹32.28 crores in Q2FY25 and a 38.8% decrease from ₹26.79 crores in Q3FY24. This reduction in expenses could be a result of cost management strategies or changes in operational activities. The tax expense for the quarter was ₹0.28 crores, down by 28.2% from the previous quarter's tax expense of ₹0.39 crores. However, it is worth noting that the YoY comparison shows a 366.7% increase from the tax expense of ₹0.06 crores in Q3FY24, indicating a change in tax liabilities or accounting practices over the year. The financial data suggests a focus on managing expenses, though the specific operational changes leading to these figures are not detailed in the data provided.