Prestige Estates Q1 FY24 Net Profit Surges 26.56%

11 Aug 2023 CW Team

Prestige Estates Projects, a prominent real estate company, has reported a significant growth of 26.56% in its net consolidated profit for the quarter ending June 30, 2023. The profit after tax reached Rs 3.17 billion in Q1 FY24, compared to Rs 2.51 billion in the corresponding quarter of the previous fiscal year. Despite this growth in profit, the company's net consolidated total income experienced a slight dip of 2.26%, standing at Rs 19.66 billion in Q1 FY24, down from Rs 20.11 billion in the same quarter last year. During this period, the group acquired 51% shares in Dashanya Tech Parkz and invested in Prestige Vaishnaoi Realty Ventures. Additionally, the group acquired 42.07% shares in TeEhzone Technologies and entered into agreements to acquire full interest in Prestige (BKC) Realtors and Turf Estate joint Venture LLP. The board also appointed S.N. Nagendra as an additional non-executive independent director for a term of five years, effective from August 8, 2023.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

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Kapsch to Deliver India’s First C-ITS Project

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Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..