Prestige Estates Projects Ltd's Q4FY25 Quarter Results
- 30 May 2025
Result Summary
- Prestige Estates Projects Ltd reported a 31.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a decline of 24.0%.
- Its expenses for the quarter were up by 21.3% QoQ and down 16.8% YoY.
- The net profit increased 632.6% QoQ and decreased 53.3% YoY.
- The earnings per share (EPS) of Prestige Estates Projects Ltd stood at 3.5 during Q4FY25.
Financial Statments for Q4FY25
| (₹ crores) | Q4FY25 | Q3FY25 | Q4FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2232.50 | 1697.90 | 2938.00 | 31.5% | -24.0% |
Total Expenses | 1957.30 | 1614.20 | 2352.60 | 21.3% | -16.8% |
Profit Before Tax | 275.20 | 83.70 | 597.30 | 228.8% | -53.9% |
Tax | 78.60 | 44.50 | 115.00 | 76.6% | -31.7% |
Profit After Tax | 235.90 | 32.20 | 505.40 | 632.6% | -53.3% |
Earnings Per Share | 3.50 | 0.40 | 11.70 | 775.0% | -70.1% |
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 headquartered in India. The company is primarily engaged in the development of residential, commercial, retail, and hospitality properties. Over the years, Prestige Estates Projects Ltd has established a strong presence in major Indian cities, offering a range of products including premium apartments, villas, and integrated townships. The company also has a significant footprint in the commercial real estate sector, encompassing office spaces, shopping malls, hotels, and resorts. There are no specific recent major developments detailed in the provided data, and additional context about the company's recent strategic initiatives or industry positioning is not available.
Revenue
In Q4FY25, Prestige Estates Projects Ltd reported a total income of ₹2232.50 crores, which represents a 31.5% increase compared to the previous quarter (Q3FY25) where the total income was ₹1697.90 crores. However, on a year-over-year basis, there was a decline of 24.0% from Q4FY24, when the total income was ₹2938.00 crores. The quarter-over-quarter growth in total income highlights a strong recovery in revenue generation from the previous quarter. Despite this improvement, the year-over-year comparison indicates a substantial decrease, suggesting differences in seasonal or market conditions affecting revenue streams compared to the same period last year.
Profitability
For Q4FY25, Prestige Estates Projects Ltd achieved a profit before tax of ₹275.20 crores, increasing significantly by 228.8% compared to Q3FY25, which recorded a profit before tax of ₹83.70 crores. However, this is a 53.9% decrease from Q4FY24, where the profit before tax was ₹597.30 crores. The profit after tax in Q4FY25 was ₹235.90 crores, showing a substantial quarter-over-quarter increase of 632.6% from Q3FY25, which was ₹32.20 crores, but a 53.3% decrease from Q4FY24, which was ₹505.40 crores. Earnings per share (EPS) for Q4FY25 was ₹3.50, rising by 775.0% from ₹0.40 in Q3FY25, yet falling by 70.1% from ₹11.70 in Q4FY24. These figures demonstrate a significant quarter-over-quarter improvement in profitability metrics, while the year-over-year data reflects a notable decrease in profitability.
Operating Metrics
Total expenses for Q4FY25 were reported at ₹1957.30 crores, marking a 21.3% increase compared to Q3FY25, where expenses were ₹1614.20 crores. Year-over-year, expenses decreased by 16.8% from ₹2352.60 crores in Q4FY24. The tax expense for Q4FY25 was ₹78.60 crores, which was 76.6% higher than the ₹44.50 crores in Q3FY25 but 31.7% lower than the ₹115.00 crores in Q4FY24. The quarter-over-quarter increase in expenses aligns with the increase in total income, reflecting higher operational activities. However, the year-over-year decrease in total expenses suggests cost management or a reduction in operational scale compared to the previous year. The significant changes in tax expense between quarters and years correspond with variations in profitability during these periods.