Prestige Estates Projects Limited — Board Meeting, 05-08-2025: Outcome of Board Meeting

Prestige's board met and approved the consolidated financial results for the quarter. Revenue from operations surged to Rs. 2,307.3 Cr, while net profit attributable to owners reached Rs. 292.5 Cr. EPS stands at Rs. 6.79. The board also put forth a final dividend of Rs. 1.80 per share for FY25, awaiting shareholder approval. Strategically, subsidiary Prestige Hospitality Ventures filed its draft prospectus for an IPO aiming to raise up to Rs. 1,000 Cr via offer for sale and Rs. 1,700 Cr through a fresh issue. The company also acquired additional stake in key subsidiaries post-quarter end, with Rs. 500.4 Cr from a prior QIP still unutilized.