Prestige Estates Projects Q2 profit falls 47.9% as revenue drops
In short
Prestige Estates Projects reported Q2 net profit of ₹224 crore, down 47.9%. Revenue fell 15.3% to ₹2,060 crore, while EBITDA rose 1.8% to ₹926 crore and the margin widened to 45%.
What the reporting says
Prestige Estates Projects reported a 47.9% drop in Q2 net profit to ₹224 crore, while revenue fell 15.3% to ₹2,060 crore. The results show weaker top-line growth but improved operating profitability in the quarter.
Why it matters
Prestige Estates Projects reported Q2 numbers showing a 47.9% fall in net profit to ₹224 crore and a 15.3% drop in revenue to ₹2,060 crore. At the same time, EBITDA rose 1.8% to ₹926 crore and the margin expanded to 45%. The figures point to softer sales but stronger operating efficiency in the quarter.