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.

Prime Property Development Corp has reported mixed financial results for the first quarter of fiscal year 2026, with a significant drop in consolidated net profit despite an increase in revenue.

Standalone Performance

On a standalone basis, the company's revenue remained relatively flat at Rs 11.82 lakh for Q1 FY2026, compared to Rs 11.94 lakh in the previous quarter. However, the net profit saw a slight decline to Rs 2.60 lakh from Rs 2.82 lakh in the preceding quarter.

Consolidated Results

The consolidated financial performance painted a different picture:

• Revenue increased to Rs 103.86 lakh from Rs 87.51 lakh in the previous quarter, marking an 18.7% growth.
• Net profit, however, dropped sharply to Rs 7.07 lakh from Rs 31.30 lakh in the previous quarter, representing a 77.4% decline.

Board Approval and Publication

The Board of Directors of Prime Property Development Corp approved these unaudited financial results in their meeting held on August 14, 2025. As per regulatory requirements, the results were subsequently published in The Free Press Journal and Navshakti on August 15, 2025.

The company has duly submitted the newspaper clippings of the extract of these unaudited financial results to the BSE, adhering to the disclosure norms set by the Securities and Exchange Board of India (SEBI).

Investors and stakeholders are advised to review the detailed financial statements for a comprehensive understanding of the company's performance and financial position.