Friday, 2 June 2023

Prestige Estate Projects

Revenue 9.64% at Rs 2,631.8 crore (Bloomberg estimate: Rs 1,923.5 crore) Ebitda up 36.5% at Rs 681.8 crore (Bloomberg estimate: Rs 431.4 crore) Ebitda margin at 25.9% vs 20.8% (Bloomberg estimate: 22.4%) Net profit down 46.5% at Rs 505.4 crore (Bloomberg estimate: Rs 132.32 crore) The group recorded one-time gains of Rs 11.9 crore during the quarter under review, against Rs 807.9 crore exceptional gain in the year-ago period. The board approved a final dividend of Rs 1.50 per share for the fiscal 2023. It also approved raising Rs 2,000 crore via non-convertible debentures.
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India Daybook – Stocks in News

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