Prime Property Development Corporation Limited has announced its unaudited financial results for the quarter and nine months ended 31st December 2025, demonstrating solid performance in its standalone operations while facing challenges in consolidated results. The Mumbai-based property development company's Board of Directors approved the results in a meeting held on 12th February 2026.

Standalone Financial Performance

The company's standalone operations showed robust growth during the quarter ended 31st December 2025. Prime Property Development Corporation reported a net profit of ₹87.65 lakhs, marking a significant 23% increase from ₹71.26 lakhs recorded in the corresponding quarter of the previous year.

The company's revenue model continues to rely entirely on other income, with no operational revenue reported during the quarter. Other income increased substantially to ₹155.95 lakhs in Q3FY26 from ₹119.30 lakhs in Q3FY25, contributing to the overall profit growth.

Nine-Month Performance Analysis

For the nine-month period ended 31st December 2025, Prime Property Development Corporation's standalone performance was particularly strong. The company achieved a net profit of ₹292.53 lakhs, representing a remarkable 42% increase from ₹205.49 lakhs in the corresponding nine-month period of the previous year.

Consolidated Results and Subsidiary Impact

The consolidated financial results present a different picture, with the company reporting a profit of ₹94.04 lakhs for Q3FY26 compared to ₹342.46 lakhs in Q3FY25. The consolidated results include the performance of Sea King Club Private Limited, a wholly-owned subsidiary that reported a net loss of ₹60.16 lakhs for the nine-month period.

Expense Structure and Cost Management

The company's expense structure showed notable changes during the quarter. Finance costs increased significantly to ₹28.22 lakhs in Q3FY26 from ₹0.60 lakhs in Q3FY25, indicating higher borrowing costs. Employee benefits expenses remained relatively stable at ₹27.63 lakhs, while depreciation decreased substantially to ₹1.54 lakhs from ₹10.05 lakhs in the previous year quarter.

Capital Structure and Share Information

Prime Property Development Corporation maintains a stable capital structure with paid-up equity share capital of ₹848.55 lakhs, consisting of shares with a face value of ₹5 each. The company's earnings per share for continuing operations stood at ₹0.52 for Q3FY26 on both basic and diluted basis, compared to ₹0.42 in the corresponding quarter of the previous year.

Prime Property Development Corp Limited (PPDCL) has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing a notable improvement in profitability.

Standalone Performance

The company reported a standalone profit of Rs 131.57 crore for Q2 FY2026, marking a significant increase from Rs 98.72 crore in the corresponding quarter of the previous year. For the half-year ended September 30, 2025, PPDCL's standalone profit stood at Rs 204.88 crore, up from Rs 134.23 crore in the same period last year.

Consolidated Results

On a consolidated basis, PPDCL's performance also showed positive momentum. The company posted a consolidated profit of Rs 106.01 crore for Q2 FY2026, compared to a loss of Rs 2.62 crore in Q2 FY2025. The half-yearly consolidated profit rose to Rs 113.08 crore, a substantial improvement from Rs 13.55 crore in the previous year.

Financial Highlights

Balance Sheet Strength

As of September 30, 2025, PPDCL's consolidated balance sheet showed total assets of Rs 10,996.32 crore, up from Rs 9,753.73 crore as of March 31, 2025. The company's equity share capital remained stable at Rs 848.55 crore, while other equity increased to Rs 7,313.47 crore from Rs 7,200.40 crore at the end of the previous fiscal year.

Operational Overview

PPDCL operates primarily in the property development segment. The company's board of directors approved these unaudited financial results at a meeting held on November 13, 2025. The consolidated financial results include the performance of PPDCL's wholly-owned subsidiary, Sea King-club Pvt. Ltd.

Management Commentary

P.L. Soni, Chairman of Prime Property Development Corporation Limited, stated in the company's filing, "The board has reviewed and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The company's performance reflects our commitment to growth and operational efficiency."

Investors and stakeholders should note that provisions for current taxation, deferred tax, and gratuity for the quarter and half-year will be accounted for in the annual audited accounts, as per the company's disclosure.

Prime Property Development Corporation Limited continues to focus on its core business of property development, with these results indicating a positive trajectory in the company's financial performance for the fiscal year 2025-2026.