Prestige Estate Projects is in the business of real estate development encompassing the development and construction of properties, leasing of office and retail properties.
Financial Results:
- Prestige Estates Projects Limited reported Total Income for Q4FY23 of ₹ 2,632 Crores up from ₹ 2,393 Crore year on year, a rise of 10%.
- Total Expenses for Q4FY23 of ₹ 2,353 Crores up from ₹ 2,199 Crores year on year, rise of 7%.
- Consolidated Net Profit of ₹ 505 Crores, down 47% from ₹ 953 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 11.68, down 50% from ₹ 23.36 in the same quarter of the previous year.