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HomeNewsTop NewsPrestige Estates Projects' net profit dips 3.40% in Q1 FY25

Prestige Estates Projects’ net profit dips 3.40% in Q1 FY25

Prestige Estates Projects has reported a dip of 3.40 per cent in its net consolidated profit during the quarter ended June 30, 2024. Its net profit after tax stood at Rs 307 crore in Q1 FY25 as against Rs 317.80 it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 2,024.50 crore in Q1 FY25, a growth of 2.96 per cent from Rs 1,966.30 crore it recorded in the similar quarter last year.

As on June 30, 2024, its net worth stood at Rs 11,521.70 crore, debt was Rs 11,057.30 crore, debt-equity ratio was 0.96, current liability ratio was 0.79, total debt to total assets was 0.22, operating margin was 42.76% and net profit margin was 16.49%.

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