ResultsBusiness Standard
Prestige Estates Q2 profit drops 44% as revenue falls 15%
Negative-15Company event
GreyOak summary
Prestige Estates Projects reported a 44% year-on-year decline in consolidated net profit to ₹256 crore in Q2FY27, driven by a 15% drop in revenue to ₹2,060 crore. While sales bookings rose 20% to ₹7,225 crore, the company shelved an IPO for its hospitality arm due to uncertain market conditions.
What it affects
- Prestige Estates ProjectsPRESTIGENegative -15
Profit fell 44% to ₹256 croreRolling sentiment Positive +25
Source
Read the original at Business StandardMore Prestige Estates Projects news
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