Total income rose to Rs 2,024.5 crore in the April-June period of 2024-25 fiscal year from Rs 1,966.3 crore in the corresponding period of the previous year, according to a regulatory filing on Wednesday.

Prestige Estates Projects Q1 profit down 13 pc to Rs 232.6 cr

Prestige Estates Projects slipped 2.17% to Rs 1,777 after the company’s consolidated net profit fell 12.85% to Rs 232.6 crore in Q1 FY25 as against Rs 266.9 crore recorded in Q1 FY24.

Prestige Estates decline as Q1 PAT slides 13% YoY to Rs 233 cr

Prestige Estates Q1 Results Post Strategy:क्यों Profit में दिखा दवाब, FY25 के लिए क्या है Planning?

Prestige Estates Projects consolidated net profit declines 12.85% in the June 2024 quarter

The realty firm’s revenue from operations stood at Rs 1,862.1 crore in Q1 FY25 against Rs 1,680.9 crore in the corresponding period last year

Prestige Estates Projects Q1 results: Net profit down 3.4% at Rs 307 crore

The housing market, especially in the premium segment, has seen continued growth in the past few quarters, with higher-end buyers remaining unfazed by inflationary pressures

Prestige Estates Projects Q1 results: Net profit falls 12% to Rs 233 cr

The real-estate developer’s profit declined to Rs 307 crore in the quarter-ended June, in comparison to Rs 318 crore in the year-ago period.

Prestige Estates Q1 Results: Profit Down 3.4%, But Beats Estimates

The list includes a mix of industry giants and smaller enterprise. Investors will be closely watching companies like Adani Power, Maruti Suzuki, Tata Steel, Mahindra & Mahindra, Coal India, Godrej Properties and Prestige Estates for their performance indicator.

Q1FY25 Earnings Update: 123 Companies, Including Maruti Suzuki, M&M, And Adani Power, Set To Announce Financial Results On July 31

Union Budget 2024-25 impact: DLF, Brigade Enterprises, Prestige Estates, Godrej Properties and Sunteck Realty dropped up to 5 per cent afer FM proposed to withdraw indexation benefit on house resale.

Realty indexation benefit gone, tax rate cut in Budget 2024. Stock strategy

Real Estate Stocks: On the bourses, shares of Prestige Estates, Oberoi Realty, Brigade Enterprises, DLF, Embassy REIT, and Mindspace Business Parks REIT, have surged in the range of 11 to 214 per cent

Realty check: Avoid buying commercial real estate stocks, caution analysts

The global index provider will announce the changes on August 13, and funds will have to adjust their positions by August 30

RVNL, Voda Idea, Prestige Estates, Oil India may be added to MSCI index

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Prestige Estates Projects Limited is a real estate development company engaged in the development and construction of properties, and leasing of commercial properties.