Prestige Estates saw its shares move up by almost 3% in morning trade after the company announced its consolidated Q2 results. The numbers reflected steady revenue growth along with a sharp improvement in profitability, which helped lift the stock sentiment on Thursday. As of 9:22 AM, the sahre were trading 2.41% higher at Rs 1,742.20.
The company reported revenue of ₹2,432 crore for the quarter, marking a 5.5% increase compared to ₹2,304 crore in the same period last year. While the top line grew at a moderate pace, the real highlight came from its operational performance. Prestige Estates posted an EBITDA of ₹910 crore, which is a solid 44.1% jump from ₹631 crore last year. This pushed the EBITDA margin to 37.4%, up from 27.4%.
Net profit also saw a noticeable improvement. The company recorded ₹430 crore in profit for the quarter, more than double the ₹192 crore it earned in the year-ago period.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
