- Prestige Estates’ net income for the second quarter was 4.3 billion rupees, significantly higher than both the previous year’s 1.92 billion rupees and the estimated 1.95 billion rupees.
- Revenue for the quarter was 24.3 billion rupees, marking a 5.7% increase compared to the previous year, though slightly below the projected 25.24 billion rupees.
- Total costs decreased by 4.5% year-over-year, amounting to 21.3 billion rupees.
- Other income saw a substantial increase, rising to 2.66 billion rupees from last year’s 1.19 billion rupees.
- The stock is currently favored by analysts with 19 buy ratings, 1 hold, and 1 sell recommendation.
A look at Prestige Estates Projects Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Prestige Estates Projects is positioned with a promising long-term outlook. The company has demonstrated strong momentum in recent times, indicating positive market sentiment and potential for future growth. Its value and resilience scores also suggest a solid foundation for stability and sustained performance. Although the dividend and growth scores are not as high as other factors, Prestige Estates Projects‘ overall outlook appears favourable, especially with its focus on developing various real estate projects across residential, commercial, hospitality, and retail sectors.
Prestige Estates Projects Ltd. is a real estate development company that specializes in a wide range of projects, including residential apartments, villas, commercial office buildings, technology parks, hotels, resorts, and retail buildings. With a solid Smartkarma Smart Score profile showcasing strengths in momentum, value, and resilience, Prestige Estates Projects is well-positioned for continued success in the real estate market. While the company may be looking to enhance its dividend and growth aspects, its current standing reflects a positive trajectory for the future based on its diverse portfolio and market positioning.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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