Prime Property Development Reports Mixed Q1 FY2026 Results with Sharp Decline in Consolidated Profit

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.