Prozone Realty Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Prozone Realty has announced a board meeting approving the financial results for the quarter and half-year. The consolidated numbers show a net loss of Rs 52.95 Cr, down from a profit of Rs 2.85 Cr last year, hit by higher finance costs (Rs 37.68 Cr) and impairment on investment properties. Leasing revenue improved to Rs 120.38 Cr, with outright sales at Rs 58.34 Cr. Despite regulatory challenges on a subsidiary’s project, management is optimistic about a positive resolution. The company’s asset base stands strong at Rs 1,470.81 Cr, with net equity of Rs 779.48 Cr.