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Prestige Estates Projects, a leading real estate developer, reported a 70% decline in net profit to Rs 140 crore for the quarter ending March 2024. Despite the decrease, the company saw growth in the 2023-24 fiscal year, with increased total income and net profit.
Prestige Estates Projects has reported a 70% decline in consolidated net profit, amounting to Rs 140 crore for the quarter ended March 2024. This is a notable drop from Rs 468.4 crore in the same period last year. Total income for the quarter also fell, from Rs 2,938 crore to Rs 2,232.5 crore.
Prestige Estates Projects' net consolidated total income stood at Rs 2,232.50 crore in Q4 FY24, a dip of 24.01 per cent from Rs 2,938 crore it recorded in the similar quarter last year.
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