Page 3 - Prestige Estates

Prestige Estates sales bookings rise 25% to Rs 12,930 cr in FY23

Realty firm Prestige Estates on Wednesday said its sales bookings rose by 25 per cent to a record Rs 12,930.9 crore in the last fiscal year on strong housing demand. In a regulatory filing, the Bengaluru-based firm said, "During the fiscal year FY23, the group registered record-breaking highest sales of Rs 12,930.9 crore (up by 25 per cent year-on-year) and highest ever collections of Rs 9,805.5 crore (up by 31 per cent y-o-y)." Sales bookings stood at 15.09 million square feet with an average realization of Rs 8,812 per sq ft (up by 17 per cent year-on-year) for apartments/ villas/ commercial sales and average realization of Rs 4,124 per square feet (down 2 per cent y-o-y) for plot sales. The group sold more than 9,600 homes in FY23 spanning over 15 million square feet area. During the last fiscal, the new launches totalled 26.38 million square feet up by 57 per cent annually. The total completions during the last fiscal year stood at 15.68 million square feet, up by 10 per cent

These realty stocks can rally up to 12% once index conquers 200-DMA

If Nifty realty index succeeds to break through its 200-DMA, technically the bullish push may trigger further upside in realty stocks.

Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%

In past 2 days, DLF surged 9 per cent after the company said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days.

We plan to capture just 4% of mkt in 4 yrs: Prestige Estates' Irfan Razack

'Currently, we are committed to building an annuity portfolio from the present Rs 460 crore in FY23 to Rs 3,000 crore by FY28'

Prestige Estates Q2 net up 80% to Rs 141 cr, income rises to Rs 1,474 cr

Realty firm Prestige Estates Projects Ltd on Wednesday reported an 80 per cent increase in its consolidated net profit at Rs 140.7 crore in the September quarter of this fiscal year. Its net profit stood at Rs 78.3 crore in the year-ago period, Prestige Estates Projects said in a regulatory filling. Total income rose to Rs 1,474.7 crore in the second quarter of this fiscal year from Rs 1,345.2 crore in the corresponding period of the previous year. Prestige Estate is one of the leading real estate firms in the country. Prestige Estates Projects Ltd's sales bookings rose 66 per cent year-on-year to Rs 3,511 crore in the second quarter of this fiscal on higher demand despite a rise in home loan interest rates. During the April-September period of this fiscal, Prestige Group's sales bookings more than doubled to Rs 6,523.1 crore from Rs 2,845.9 crore in the corresponding period of the previous year.

Prestige Estates Q2 sales bookings rise 66 pc; H1 bookings jump over 2-fold

Realty firm Prestige Estates Projects Ltd's sales bookings rose 66 per cent year-on-year to Rs 3,511 crore in the second quarter of this fiscal on higher demand despite a rise in home loan interest rates. Prestige Group has registered sales of Rs 3,511 crore in the July-September period against Rs 2,111.9 crore in the year-ago period. The collection from customers increased 68 per cent year-on-year to Rs 2,602.9 crore, the company said in its operational update for the Q2 and H1 of this fiscal filed on stock exchanges. "The sales during this period are attributed to 4.55 million square feet volume with an average realisation of Rs 7,711 per square feet," the company said. During the April-September period of this fiscal, Prestige Group's sales bookings more than doubled to Rs 6,523.1 crore from Rs 2,845.9 crore in the corresponding period of the previous year. The sales during this period are attributed to 8.18 million square feet volume with an average realisation of Rs 7,976 per

Prestige Estates aims to sell properties worth Rs 12,000 crore this fiscal

Prestige Estates Projects Ltd has a strong presence in South India and the company has made its foray into Mumbai market

Prestige Estates pips top players to clock record Rs 10,000-crore presales

This is the highest ever presales for the company and also the highest among listed real estate players that have released their numbers so far

Prestige Estates sales bookings up 90% to record Rs 10,382 crore in FY22

Its sales booking stood at Rs 5,460.8 crore in the 2020-21 financial year

JM Financial gives 'buy' call for Hindalco, M&M, Zomato, and 3 others

Brokerage and financial firm JM Financial Institutional Securities has given a 'buy' call for Hindalco Industries, Mahindra & Mahindra, Zomato, Bharat Forge, Prestige Estates, and Gujarat State Petronet.

Stocks to Watch: RIL, Zomato, M&M, Hindalco, Bharat Forge, MRF, Hero Moto

Apollo Hospitals, Ashok Leyland, Bajaj Hindusthan, Divis Labs, Fortis Healthcare, Glenmark, Godrej Industries, IDFC, India Cements, Jet Airways, PFC, Shree Renuka Sugars, Star Health and Voltas to ann

Prestige Estates Q3 consolidated net profit up 59% to Rs 93 crore

Realty firm Prestige Estates Projects Ltd on Wednesday reported a 59 per cent increase in its consolidated net profit to Rs 93.3 crore for the quarter ended December. Its net profit stood at Rs 58.7 crore in the year-ago period. Total income of Bengaluru-based Prestige Estates, however, declined to Rs 1,396 crore in the third quarter of the fiscal from Rs 1,928.2 crore in the corresponding period of the previous year.

It's a struggle to balance cost vs selling price: Prestige Estates MD

Prestige Estates Projects saw its sales bookings jump twofold to a record Rs 4,267.6 crore in the third quarter of financial year 2021-22 (Q3FY22)

Vinay Rajani recommends buying ICICI Securities, Prestige Estates

According to Vinay Rajani of HDFC Securities, Nifty has got strong support at 17,944. High of 18,350 registered on Tuesday could act a short term resistance for the index.

Prestige Estates surges 8%, hits life-time high on record Q3 sales

The company registered highest ever quarterly sales of Rs 4,267 crore, up 111 per cent year on year (YoY) during October-December quarter (Q3FY22).

Prestige Estates Q3 sales bookings jump over 2-fold to record Rs 4,268 cr

The group has completed 255 projects with developable area of 144 million square feet and has 47 ongoing projects across segments, with total developable area of 58 million square feet

Top property developers bet big on office properties as demand rises

Property consultant Colliers expects a fresh office property supply of between 33 and 38 million sq ft every year in the next three years, including the current one

Consolidation in India's residential real estate set to gain ground

Top listed players eyeing higher market share

Godrej Properties, Prestige Estates eye Rs 10K-cr sales booking club

Godrej and Prestige posted sales bookings of Rs 6,725 crore and Rs 5,461 crore, respectively, in 2020-21 (FY21)

Realty shares in demand; Oberoi, IB Realty, Prestige Estates, Sobha up 5%

The real estate sector is undergoing major consolidation as very few developers have the financial stability to undertake large capital-intensive projects, Oberoi Realty's management said