Prestige Estates Q1 Profit Dips 3.40%

02 Aug 2024 CW Team

Prestige Estates Projects has announced a 3.40% dip in its net profit for the first quarter of FY25. The decrease reflects the ongoing challenges faced by the real estate sector amid fluctuating market dynamics and economic uncertainties.

Despite the profit decline, Prestige Estates reported stable revenue, suggesting a robust performance in project completions and sales. However, the rise in operational and construction costs, along with a competitive market environment, has impacted the company's profitability.

The real estate sector continues to navigate through high material costs, regulatory hurdles, and evolving buyer preferences, which contribute to the financial pressures on developers. Prestige Estates is focusing on strategic project management and cost optimization to address these challenges and maintain its market position.

Investors and industry analysts are keenly observing how Prestige Estates adapts to the current market conditions and its strategies for future growth. The company's ability to manage costs effectively and capitalize on market opportunities will be crucial for its performance in the coming quarters.

Infrastructure Energy

09 Dec 2025

Arunachal Launches First Commercial Coal Block

The Coal Ministry has announced the launch of Arunachal Pradesh’s first commercial coal block, marking a major step in expanding industrial activity in the North East. The project is expected to produce around 0.2 million tonnes per annum and generate nearly Rs 1.75 billion in annual revenue. The initiative is also set to create hundreds of local jobs, supporting economic growth and strengthening regional development. It forms part of the government’s broader commitment to promoting self-reliance and sustainable progress under the vision of Viksit Bharat. Sharing the announcement, the Un..

Bihar Clears Major Spend For Police Infrastructure

The Bihar government has approved a wide-ranging programme to construct police infrastructure across Nawada, Lakhisarai and Samastipur districts, with a total estimated investment of Rs 2.76 billion. Deputy Chief Minister Samrat Choudhary, who oversees the home department, confirmed that all three projects have secured approval and construction will begin shortly. He said the initiative aims to modernise the police force and improve living conditions for personnel, ultimately strengthening policing across the state. In Nawada, the government has sanctioned the construction of twelve single ho..

India Unveils First All-Electric Green Tug

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, has virtually inaugurated the steel-cutting ceremony for India’s first all-electric green tug, marking a major leap towards sustainable maritime operations. The vessel, designed for the Deendayal Port Authority (DPA) in Kandla, forms a key part of the Ministry’s Green Tug Transition Programme (GTTP), which aims to accelerate maritime decarbonisation across the country. The virtual ceremony was attended by Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, along with senior officials from DPA and partn..