Prestige Estates Q2 profit falls 44% as revenue drops 15%
In short
Prestige Estates said its Q2 net profit fell 44% to ₹256 crore. Revenue dropped 15%, while sales bookings rose 20% to ₹7,225 crore.
The numbers show weaker earnings for the quarter, even as bookings improved.
What the reporting says
Prestige Estates reported a 44% fall in second-quarter net profit to ₹256 crore, while revenue declined 15% and sales bookings rose 20% to ₹7,225 crore.
Why it matters
Prestige Estates reported a sharp drop in quarterly profit and revenue, but higher sales bookings in the same period. The Bengaluru-based developer’s Q2 update is relevant to investors tracking demand, earnings momentum and real-estate activity.