Are Prime Property latest results good or bad?

Prime Property Development Corporation has reported its financial results for the quarter ending June 2025, which reveal significant challenges in its operational performance. The Profit After Tax (PAT) for this quarter is recorded at Rs 0.07 crore, which represents a notable decline of 88.7% compared to the average PAT of Rs 0.62 crore over the previous four quarters. This trend raises concerns regarding the company’s profitability trajectory.
Net sales for the nine-month period have reached Rs 7.81 crore, reflecting a year-on-year decrease of 73.40%, underscoring the difficulties the company is currently facing in generating revenue. Additionally, the operating profit (PBDIT) has fallen to Rs -0.94 crore, marking the lowest point in five quarters, which indicates a decline in operational efficiency.

The operating profit margin has also reached a low of 0.00%, suggesting that the company is struggling to maintain profitability in its core operations. Furthermore, the Profit Before Tax (PBT) has dropped to Rs -0.97 crore, also the lowest level in five quarters. It is noteworthy that non-operating income has surged to Rs 1.04 crore, which constitutes a significant portion of PBT, raising questions about the sustainability of the company’s income sources.

In light of these results, the company saw an adjustment in its evaluation, reflecting the ongoing operational challenges. The quarterly results also indicate that while there was no change in net sales compared to the previous quarter, the consolidated net profit showed a growth of 106.54% from the prior quarter, although this is against a backdrop of a substantial decline year-on-year. Overall, the financial data highlights the pressing issues that Prime Property Development Corporation is navigating in its current operational landscape.