NEW DELHI: Prestige Estates Projects has reported a decline of 74.23 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax stood at Rs 234.60 crore in Q2 FY25 as against Rs 910.30 crore it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 2,423.80 crore in Q2 FY25, a dip of 25.56 per cent from Rs 3,256 crore it recorded in the similar quarter last year.
As on September 30, 2024, its net worth stood at Rs 16,552 crore, debt was Rs 10,169 crore, debt-equity ratio was 0.61, current liablity ratio was 0.80, total debts to total assets was 0.19, operating margin was 27.40% and net profit margin was 10.18%.
During the quarter, the company has issued 29,868,578 equity shares of face value of Rs 10 each in a qualified institutional placement (QIP) at an issue price of Rs 1,674 per equity share (including securities premium of Rs 1,664 per equity share) aggregating to Rs 5,000 crore. As at September 30, 2024, Rs 1,319.40 crore has been utilised.
