Prime Property Development Corporation's Q1 FY 2026-27 Quarterly Results

Result Summary

• Prime Property Development Corporation Ltd reported a 85.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 993.3%.
• Its expenses for the quarter were down by 66.2% QoQ and up 1551.5% YoY.
• The net profit decreased 120.6% QoQ and decreased 6757.1% YoY.
• The earnings per share (EPS) of Prime Property Development Corporation Ltd declined at 2.74 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Prime Property Development Corporation Ltd is a company that operates in the real estate sector. It primarily engages in the development and sale of residential, commercial, and retail properties. The company is known for its focus on high-end luxury projects, catering to affluent segments of the market. Recent developments in the industry include an increased focus on sustainable development and green building practices, although specific recent initiatives by the company are not detailed in the data provided.

Revenue

The financial data for Q1FY27 shows that Prime Property Development Corporation Ltd reported a total income of ₹11.37 crores. This represents a significant decrease of 85.4% from the previous quarter, Q4FY26, where the total income was ₹77.87 crores. However, when compared to the same quarter in the previous year, Q1FY26, the total income increased by 993.3%, rising from ₹1.04 crores. These figures indicate variability in the company's revenue performance over the periods in question.

Profitability

The profitability metrics for Prime Property Development Corporation Ltd show a marked downturn in Q1FY27. The company recorded a loss before tax of ₹4.66 crores, contrasting sharply with a profit before tax of ₹30.45 crores in Q4FY26. This represents a QoQ decline of 115.3%. Similarly, the profit after tax for Q1FY27 was also negative at ₹4.66 crores, compared to a profit after tax of ₹22.64 crores in Q4FY26, reflecting a decline of 120.6% QoQ. The earnings per share in Q1FY27 were reported as negative ₹2.74, compared to ₹13.42 in Q4FY26, highlighting a significant drop in profitability.

Operating Metrics

In terms of operating metrics, total expenses for Q1FY27 were ₹16.02 crores, which is a reduction of 66.2% from the previous quarter's expenses of ₹47.42 crores. However, compared to Q1FY26, where expenses were ₹0.97 crores, there was a substantial increase of 1551.5%. This fluctuation in expenses, along with the revenue and profitability data, illustrates the variable nature of the company's financial operations over the observed periods. No tax was reported in Q1FY27, in contrast to the tax amount of ₹7.81 crores in Q4FY26, which denotes a reduction of 100% QoQ in tax liabilities.