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Prime Property Development Corporation ‘s Q1 Update: Profit Grows by 118.82% YoY

September 18, 2024September 18, 2024| adminadmin| 0 Comments| 5:10 pm
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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 492.05 %. Marginal increase in other income during this quarter, up by 80.61%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Prime Property Development Corporation Ltd.. Profit dropped by -119.01 % Year to Year, Prime Property Development Corporation Ltd.’s profitability dropped by -89.13 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -120.00 % Year to Year. EPS decreased by -88.89 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Prime Property Development Corporation Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 0 Cr Rs. 20.984 Cr Rs. 0 Cr 0 % 0 %
Expenses Rs. 0.61 Cr Rs. 17.49 Cr Rs. 0.62 Cr -96.46 % + 1.64 %
Operating Profit Rs. -0.61 Cr Rs. 3.49 Cr Rs. -0.62 Cr -117.77 % -1.64 %
OPM % 0 % 16.63 % 0 % -16.63 % 0 %
Other Income Rs. 0.151 Cr Rs. 0.495 Cr Rs. 0.894 Cr + 80.61 % + 492.05 %
Interest Rs. 0.29 Cr Rs. 0.01 Cr Rs. 0.01 Cr + 0 % -96.55 %
Depreciation Rs. 0.1 Cr Rs. 0.1 Cr Rs. 0.1 Cr + 0 % + 0 %
Profit before tax Rs. -0.85 Cr Rs. 3.88 Cr Rs. 0.16 Cr -95.88 % + 118.82 %
Tax % -0 % 61.54 % 0 % -61.54 % 0 %
Net Profit Rs. -0.85 Cr Rs. 1.49 Cr Rs. 0.16 Cr -89.26 % + 118.82 %
EPS in Rs Rs. -0.5 Rs. 0.9 Rs. 0.1 -88.89 % + 120 %


Today, we’re looking at Prime Property Development Corporation Ltd.’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -96.46 % quarter-on-quarter, aligning with the annual rise of 1.64 %. Operating profit, while down -1.64 % compared to last year, faced a quarter-on-quarter dip of -117.77 %, signaling a short-term contraction in margins.
but a shrinkage of -16.63 % sequentially. Other income rose by 80.61 % compared to the last quarter, despite an annual growth of 492.05 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -96.55 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 118.82 % but saw a reduction from the preceding quarter by -95.88 %.
with a more notable quarter-on-quarter decrease of -61.54 %. Net profit rose by 118.82 % year-on-year but witnessed a -89.26 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 120 % but a quarterly fall of -88.89 %. In summary, Prime Property Development Corporation Ltd.’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. 0 Cr Rs. 20.984 Cr Rs. 0 Cr 0 % 0 %
Expenses Rs. 0.61 Cr Rs. 17.49 Cr Rs. 0.62 Cr -96.46 % + 1.64 %
Operating Profit Rs. -0.61 Cr Rs. 3.49 Cr Rs. -0.62 Cr -117.77 % -1.64 %
Net Profit Rs. -0.85 Cr Rs. 1.49 Cr Rs. 0.16 Cr -89.26 % + 118.82 %
EPS in Rs Rs. -0.5 Rs. 0.9 Rs. 0.1 -88.89 % + 120 %


In reviewing Prime Property Development Corporation Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 1.64 % compared to the previous year, with a decrease of -96.46 % quarter-on-quarter. Operating Profit dropped by -1.64 % annually, and saw a -117.77 % decrease from the last quarter.
Net Profit showed yearly increase of 118.82 %, and experienced a -89.26 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 120 % annually, however dipped by -88.89 % compared to the last quarter. In essence, while Prime Property Development Corporation Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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