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However, revenue from operations rose 9.6% year on year (YoY) to Rs 2,631.80 crore in the quarter ended 31 March 2023.
The realtor reported profit before tax of Rs 620.40 crore, down 43.5% from Rs 1,098 crore in Q4 FY22.
EBITDA grew 68% YoY to Rs 988 crore while EBITDA margin stood at 33.63% during the period under review.
For the full year, the realtor's consolidated net profit declined 18.1% to Rs 941.80 crore despite of 30.1% jump in revenue from operations to Rs 8,315 crore in FY23 over FY22.
Meanwhile, the board recommended payment of final dividend of Rs.1.5 per equity share for the year ended 31 March 2023, subject to approval of shareholders.
Further, the real estate developer's board approved issuance of non-convertible debentures (NCDs) for an aggregate amount up to Rs 2,000 crore on private placement basis.
As on 31 March 2023, net debt stood at Rs 5,565.7 crore and debt equity ratio stood at 0.54.
Prestige Group has a diversified business model across residential, office, retail, and hospitality segments with operations in 12 key locations in India.
The scrip gained 1.39% to currently trade at Rs 481.30 on the BSE.
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