Prestige Estates Projects Q3 Review -  Net Debt To Equity Falls But Still Remains High: Nirmal Bang 
Prestige Royal Gardens Bangalore developed by Prestige Estate Projects Ltd. (image: Company website)

Prestige Estates Projects Q3 Review - Net Debt To Equity Falls But Still Remains High: Nirmal Bang 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Prestige Estates Projects Ltd.’s net profit for Q3 FY21 declined by 63.7% YoY to Rs 587 million while Ebitda declined by 37.7% YoY.

Ebitda margin at 24.2% decreased by 259 basis points YoY. Revenue declined by 31.1% YoY to Rs 18,476 million.

Decline in net profit was mainly due to the drop in Ebitda, which was due to higher costs towards the purchase of completed units’ land cost and the purchase of materials.

Click on the attachment to read the full report:

Nirmal Bang Prestige Estates- Q3FY21 Result Update- 14 February 2021.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.