- Net Income: 1.40 billion rupees, down 70% year-over-year (YoY), missing the estimate of 2.68 billion rupees.
- Revenue: 21.64 billion rupees, down 18% YoY, missing the estimate of 28.7 billion rupees.
- Total Costs: 19.6 billion rupees, down 17% YoY.
- Dividend per Share: 1.80 rupees.
- Other Income: 685 million rupees, down 78% YoY.
- Debentures: Approves issue of non-convertible debentures up to 20 billion rupees on a private placement basis, subject to shareholder approval.
- Analyst Ratings: 15 buys, 1 hold, 3 sells.
A look at Prestige Estates Projects Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Investment analysts are optimistic about the long-term outlook for Prestige Estates Projects, as indicated by their Smartkarma Smart Scores. With high scores in Growth and Momentum, the company showcases potential for long-term success and expansion in the real estate market. The emphasis on growth suggests a promising future for the company, while strong momentum indicates positive market sentiment towards Prestige Estates Projects.
Prestige Estates Projects Ltd., known for developing a wide range of real estate properties, from residential to commercial projects, has garnered favorable ratings in key aspects like Growth and Momentum. This bodes well for the company’s trajectory in the real estate sector, highlighting its potential for sustained growth and market resilience. While the scores may vary across different factors, Prestige Estates Projects‘ overall outlook appears promising based on the Smartkarma Smart Scores.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
