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Prestiage Estate Project posts net profit of 43 crore in Q4 FY25

May 30 2025

Prestiage Estate Project posts net profit of 43 crore in Q4 FY25

Prestige Estates Projects has reported net consolidated profit after tax of ?43.10 crore during the quarter ended March 31, 2025. Its profit stood at ?235.90 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ?1,589.30 crore in Q4 FY25, a dip of 28.81 per cent from ?2,232.50 crore it recorded in the similar quarter last year. The board of directors recommended payment of final dividend @18 % (?1.8 per share) on the equity shares of the company for the year ended March 31, 2025. The board also approved issuance of non-convertible debentures for an aggregate amount up to ?2,000 crore on private placement basis. As on March 31, 2025, its net debt stands at ?6,716.50 crore, debt to equity ratio was 0.42 and average cost of debt was 10.32 per cent. The company has entered into a framework agreement with Valor Estate (Valor) and its wholly owned subsidiaries i.e., Esteem Properties and Advent Hotels International, for jointly developing a project on lands admeasuring in the aggregate 21,978.22 sq meters in Andheri East, Mumbai for commercial use by forming a special purpose vehicle (SPV). The company has also launched a plotted development - Prestige Gardenia Estates in Devanahalli, Bengaluru. Spread over 47 acres, the project comprises of 516 plots and has a total development area of over one million sq ft with a revenue potential of over ?800 crore.

 

 

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