Prestige Estates Projects Q2 Results: Net profit slumps 48% as revenue falls

Realty firm Prestige Estates Projects Ltd

on Thursday (November 5) reported a 47.9% year-on-year decline in net profit to ₹224 crore in the second quarter of FY27, compared with ₹430 crore in the corresponding period last year.

Revenue declined 15.3% to ₹2,060 crore from ₹2,432 crore.

EBITDA (earnings before interest, taxes, depreciation and amortisation) increased 1.8% year-on-year to ₹926 crore, compared with ₹910 crore in the year-ago quarter. EBITDA margin expanded to 45% from 37% in the corresponding period last year.

Shares of Prestige Estates Projects Limited ended at ₹1,632.45, down by ₹54.40, or 3.45%, on the BSE.