Highlights
- Sales over the Year and quarter: The company’s sales declined by -17.77 % over the year, substantial increase in net sales/revenue by 20.5 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -67.26 %, Marginal decrease of -31.94% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Prestige Estates Projects Limited. Profit dropped by -53.32 % Year to Year, Prestige Estates Projects Limited’s profitability increased by 43.23 % in this quarter.
- EPS over the Year and quarter: EPS declined by -70.12 % Year to Year. EPS increased by 20.34 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2631.8 Cr | Rs. 1795.8 Cr | Rs. 2164 Cr | + 20.5 % | -17.77 % |
| Expenses | Rs. 1950 Cr | Rs. 1244.3 Cr | Rs. 1336.3 Cr | + 7.39 % | -31.47 % |
| Operating Profit | Rs. 681.8 Cr | Rs. 551.5 Cr | Rs. 827.7 Cr | + 50.08 % | + 21.4 % |
| OPM % | 25.91 % | 30.71 % | 38.25 % | + 7.54 % | + 12.34 % |
| Other Income | Rs. 329.3 Cr | Rs. 158.4 Cr | Rs. 107.8 Cr | -31.94 % | -67.26 % |
| Interest | Rs. 234.7 Cr | Rs. 293.2 Cr | Rs. 423.8 Cr | + 44.54 % | + 80.57 % |
| Depreciation | Rs. 167.9 Cr | Rs. 179.7 Cr | Rs. 197.2 Cr | + 9.74 % | + 17.45 % |
| Profit before tax | Rs. 608.5 Cr | Rs. 237 Cr | Rs. 314.5 Cr | + 32.7 % | -48.32 % |
| Tax % | 19.25 % | 28.54 % | 28.56 % | + 0.02 % | + 9.31 % |
| Net Profit | Rs. 505.4 Cr | Rs. 164.7 Cr | Rs. 235.9 Cr | + 43.23 % | -53.32 % |
| EPS in Rs | Rs. 11.68 | Rs. 2.9 | Rs. 3.49 | + 20.34 % | -70.12 % |
Today, we’re looking at Prestige Estates Projects Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -17.77 %. However, it did see a marginal increase of 20.5 % from the previous quarter. Expenses ticked up slightly by 7.39 % quarter-on-quarter, aligning with the annual decline of -31.47 %. Operating profit, while up 21.4 % compared to last year, faced a quarter-on-quarter increase of 50.08 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 12.34 %, but an expansion of 7.54 % sequentially. Other income fell by -31.94 % compared to the last quarter, despite an annual decline of -67.26 %. Interest expenses surged remarkably by 44.54 % from the previous quarter, yet the year-over-year increase remains at a moderate 80.57 %. Depreciation costs climbed by 9.74 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.45 %. Profit before tax declined annually by -48.32 % but saw an increase from the preceding quarter by 32.7 %.
Tax expenses as a percentage of profits increased slightly by 9.31 % compared to last year, with a more notable quarter-on-quarter increase of 0.02 %. Net profit fell by -53.32 % year-on-year but experienced a 43.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -70.12 % but a quarterly rise of 20.34 %. In summary, Prestige Estates Projects Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2631.8 Cr | Rs. 1795.8 Cr | Rs. 2164 Cr | + 20.5 % | -17.77 % |
| Expenses | Rs. 1950 Cr | Rs. 1244.3 Cr | Rs. 1336.3 Cr | + 7.39 % | -31.47 % |
| Operating Profit | Rs. 681.8 Cr | Rs. 551.5 Cr | Rs. 827.7 Cr | + 50.08 % | + 21.4 % |
| Net Profit | Rs. 505.4 Cr | Rs. 164.7 Cr | Rs. 235.9 Cr | + 43.23 % | -53.32 % |
| EPS in Rs | Rs. 11.68 | Rs. 2.9 | Rs. 3.49 | + 20.34 % | -70.12 % |
In reviewing Prestige Estates Projects Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.77 % year-on-year, however, there was a minor increase of 20.5 % from the previous quarter. Expenses decreased by -31.47 % compared to the previous year, with a 7.39 % increase quarter-on-quarter. Operating Profit surged by 21.4 % annually, and saw a 50.08 % increase from the last quarter.
Net Profit showed yearly decrease of -53.32 %, and experienced a 43.23 % increase from the previous quarter. Earnings Per Share (EPS) fell by -70.12 % annually, however rose by 20.34 % compared to the last quarter. In essence, while Prestige Estates Projects Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
