Prime Property Development Reports Flat Q3 FY24-25 Results Amid Mixed Financial Trends

Prime Property Development Corporation, a microcap player in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a flat financial performance for Q3 FY24-25, with notable evaluation changes reflected in its score, which has shifted to -3 from -9 over the past three months.
The financial data reveals several positive trends for Prime Property. The Profit Before Tax less Other Income (PBT) reached Rs 4.06 crore, marking a significant growth compared to the average PBT of Rs 0.73 crore from the previous four quarters. Additionally, the Operating Profit (PBDIT) also peaked at Rs 4.17 crore, the highest in the last five quarters, indicating an upward trend in operational efficiency with an Operating Profit Margin of 53.39%. Furthermore, the Profit After Tax (PAT) and Earnings per Share (EPS) both reached their highest levels in the last five quarters, suggesting improved profitability.

Conversely, the company faced challenges with net sales, which reported a decline of 77.47% year-on-year, indicating a negative trend in sales performance.

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