Robust Quarterly Results Drive Investor Optimism
Prestige Estates Projects Ltd’s share price surge is primarily underpinned by its very positive quarterly results announced recently. The company reported a remarkable growth in net profit of 466.33%, signalling a significant turnaround in profitability. Profit before tax excluding other income (PBT less OI) soared to ₹265.40 crores, marking an extraordinary increase of 697.00%. Meanwhile, the net profit after tax (PAT) for the quarter reached ₹222.60 crores, an astonishing rise of 1157.6%. These figures highlight the company’s operational efficiency and improved earnings quality.
Additionally, net sales for the quarter hit a record high of ₹3,872.60 crores, indicating strong revenue momentum. This robust top-line and bo...
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