Prime Property Development Corporation Limited reported a consolidated net profit of ₹338.84 lakhs for the quarter ended June 30, 2026, representing a significant turnaround from the consolidated net loss of ₹4.66 crore reported in the corresponding quarter of the previous financial year. According to the company's latest financial results, the consolidated total income reached ₹675.67 lakhs for Q1 FY27, demonstrating strong operational performance compared to the previous year's challenging period.
The company's sales revenue for Q1 FY2026 stood at ₹11.31 crore, as reported by Business Standard. This represents a substantial increase from the zero sales reported during the quarter ended June 2025, indicating the company's return to revenue generation after a period of no sales activity. The latest results show continued revenue growth momentum with the company maintaining its operational activities.
On a standalone basis, Prime Property Development reported total income of ₹556.14 lakhs for the quarter ended June 30, 2026, with net profit after tax of ₹46.31 lakhs. The company's Basic and Diluted Earnings Per Share (EPS) for continuing operations stood at ₹0.35. These standalone figures demonstrate the company's strong performance across both standalone and consolidated financial metrics.
In a significant governance move, the Board approved the re-appointment of Mr. Manish P. Soni as Whole Time Director for a five-year term from August 1, 2026 to July 31, 2031, with remuneration set at ₹3,00,000 per month for the first three years. Similarly, Mr. Vishal P. Soni was re-appointed as Whole Time Director for a five-year term with identical remuneration terms, pending shareholder consent. The company also appointed Mr. Suhas Ganpule of M/s SG and Associates as the Scrutinizer for the upcoming 34th Annual General Meeting to ensure fair conduct of voting process.
The financial results show a dramatic improvement in the company's performance trajectory. The transition from a consolidated net loss of ₹4.66 crore to a consolidated net profit of ₹338.84 lakhs represents a significant operational turnaround. The company's consolidated EPS of ₹2.07 demonstrates strong earnings per share performance, while the standalone EPS of ₹0.35 indicates solid underlying business fundamentals across both standalone and consolidated operations.
