📉 Achanak Profit Ka Raaz: Property Sale!
Prism Johnson Limited ne apne Q3 FY26 ke numbers reveal kiye hain, aur bhai, numbers dekhne wale hain! Standalone Net Profit ₹74.89 Crore par pahunch gaya, jabki pichhle saal isi quarter mein ₹33.48 Crore ka loss tha. Is tagde turnaround ka sabse bada reason hai property sales se mila ₹300.65 Crore ka exceptional gain. Isme office premises bechne se ₹151.46 Crore aur industrial premises se ₹149.19 Crore ka faayda hua. Haan, New Labour Codes ki wajah se ₹39.05 Crore ka kharcha bhi hua hai.
Standalone revenue from operations bhi 5.90% saal-dar-saal (YoY) badhkar ₹1,718.84 Crore ho gaya. Agar quarter-on-quarter dekhein toh Profit Before Tax (PBT) ₹32.73 Crore se ₹103.16 Crore ho gaya aur Net Profit ₹17.56 Crore se ₹74.89 Crore ho gaya.
Consolidated Results Bhi Ache Hain
Jabki standalone numbers ne toh sabka dhyaan kheench liya, consolidated results bhi theek-thaak hi hain. Consolidated Net Profit 32.78% YoY badhkar ₹61.12 Crore ho gaya, jo pichhle saal Q3 mein ₹46.03 Crore tha. Consolidated Net Sales mein 1.00% YoY ka halka sa increase raha, jo ₹1,810.04 Crore raha. Aur agar 9 mahine ki baat karein, toh consolidated Net Profit ₹2.81 Crore raha, jo pichhle saal isi period mein ₹54.02 Crore ka loss tha.
Kya Yeh Profit Sustainable Hai?
Abhi sabse bada sawaal yeh hai ki yeh profit kitna tikau hai. Kyunki jo yeh ₹300 Crore se zyada ka gain aaya hai, woh property bechne se aaya hai, yeh koi regular business income nahi hai. Isse company ka debt-to-equity ratio sudhar gaya hai; standalone 0.75x ho gaya hai (pichhle saal 0.98x tha) aur consolidated bhi 0.90x ho gaya hai (pichhle saal 1.14x tha). Management ne margins mein YoY improvement dikhaya hai, lekin QoQ thoda dip hai, jo operational challenges ka sign ho sakta hai.
🚩 Aage Kya Dekhna Hoga?
Investors ke liye yahi risk hai ki company aage bhi aise hi consistent profit bana paayegi ya nahi, jabki yeh property sale ka fayda ab nahi hoga. Market ab dekhna chahega ki company organic growth kaise karti hai aur operational efficiency kaise badhati hai. Filhaal, management ne koi future guidance nahi di hai, toh focus operational performance par hi rahega.