Prestige Estates Projects Ltd

Sales volume for the period under review stood at 4.49 million square feet, a 9% increase YoY, reflecting healthy absorption. The company sold 2,301 units in Q4 FY25. The average realization for apartments, villas, and commercial properties was Rs 15,524 per square foot, representing a 25% YoY increase. For plotted developments, the average realization rose to Rs 6,975 per square foot, a 27% increase from the same quarter last year. Collections for Q4 FY25 were Rs 3,155.1 crore, representing a 9% decline on YoY basis. The company launched 14.03 million square feet during the quarter, spanning four projects- Prestige Suncrest and Prestige Southern Star-Ph 1in Bengaluru, Prestige Nautilus in Mumbai and Prestige Spring Heights in Hyderabad, with a combined GDV potential of Rs 16,133.8 crore. Full-year new sales stood at Rs 17,023.1 crore, a 19% decline YoY, reflecting the impact of deferred launches amid approval delays. Sales volume for the year was 12.58 million square feet, down 38% YoY. Collections for the full year totalled Rs 12,084 crore, indicating a 1% growth over FY24. In the Office segment, gross leasing for FY25 stood at 4.10 million square feet across the portfolio. Portfolio-wide Occupancy levels remained strong at over 90%. In the Retail segment, the company's malls recorded a gross turnover (GTO) of Rs 2,264 crore during FY25. Total footfalls across the retail portfolio stood at 18 million. Portfolio-wide occupancy remained high at 99%. Irfan Razack, chairman and managing director, Prestige Group, said: 'FY25 brought with it a mix of achievements and challenges. Despite delays in project approvals that deferred a few key launches into the next fiscal, the final quarter saw strong traction in sales and an encouraging uptick in realizations. The appetite for quality real estate remains robust, as evidenced by the outstanding response to our recent launches. FY26 is set to be a defining year for Prestige Group as we expand into newer markets'launching marquee projects in NCR and Mumbai and achieving our maiden residential completions in Mumbai.' Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments, viz., residential, office, retail, hospitality, property management, and warehouses, with operations in more than 13 major locations in India. The scrip fell 1.28% to currently trade at Rs 1192.45 on the BSE. Powered by Capital Market - Live

These projects covered a total developable area of 14.03 million square feet and comprised of 4,548 units. Though the larger project launches took place towards the latter part of the quarter, the company was able to clock impressive sales before the quarter end, meaningfully contributing to the quarter's overall performance. Flagship launches such as Prestige Nautilus in Mumbai clocked Rs 2,385.7 crore in sales within a month, while Prestige Southern Star in Bengaluru and Prestige Spring Heights in Hyderabad achieved Rs 1,382.1 crore and Rs 1,110.1 crore in sales, respectively, in the last few days of the quarter. These projects cater to a wide spectrum of buyers'from mid-segment and aspirational housing to premium and luxury residences. Looking ahead, Prestige Group is gearing up to build on this momentum with a robust pipeline of launches planned across Bengaluru, NCR, Chennai, and Mumbai in the upcoming months. Irfan Razack, chairman and managing director, Prestige Group, said: 'We are pleased with the enthusiastic response our Q4 launches have received across geographies and customer segments. While the year posed certain challenges on the approvals front, we made every effort to navigate them responsibly and bring these diverse offerings to market.' Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments, viz., residential, office, retail, hospitality, property management, and warehouses, with operations in more than 13 major locations in India. The scrip fell 1.18% to currently trade at Rs 1074.70 on the BSE. Powered by Capital Market - Live

Prestige Estates Project announced a series of successful residential launches during the fourth quarter of FY25, spanning key cities and catering to a wide range of homebuyers. The quarter saw the launch of four projects across Bengaluru, Mumbai, and Hyderabad, covering a total developable area of 14.03 million square feet, comprising 4,548 units, with an aggregate Gross Development Value (GDV) of Rs 16,133.8 crore. Projects  City  Developable Area (Mnsft) Units  GDV (Rs cr)  Prestige Suncrest Bengaluru  0.86 437             697.6 Prestige Nautilus Mumbai  2.92 325         8,665.1 Prestige Southern Star Ph I Bengaluru  5.21 2130         3,570.7 Prestige Spring Heights Hyderabad 5.05 1656         3,200.4 Total    14.04 4,548       16,133.8 Flagship launches such as Prestige Nautilus in Mumbai clocked Rs 2,385.7 crore in sales within a month, while Prestige Southern Star in Bengaluru and Prestige Spring Heights in Hyderabad achieved Rs 1,382.1 crore and Rs 1,110.1 crore in sales respectively, in the last few days of the quarter.  Looking ahead, Prestige Group is gearing up to build on this momentum with a robust pipeline of launches planned across Bengaluru, NCR, Chennai, and Mumbai in the upcoming months. Powered by Capital Market - Live

Prestige Estates Projects Ltd lost 1.59% today to trade at Rs 1111.7. The BSE Realty index is down 0.59% to quote at 6190.87. The index is down 4.52 % over last one month. Among the other constituents of the index, Brigade Enterprises Ltd decreased 0.92% and Phoenix Mills Ltd lost 0.92% on the day. The BSE Realty index went down 5.64 % over last one year compared to the 2.02% surge in benchmark SENSEX. Prestige Estates Projects Ltd has lost 9.37% over last one month compared to 4.52% fall in BSE Realty index and 2.4% drop in the SENSEX. On the BSE, 1273 shares were traded in the counter so far compared with average daily volumes of 36390 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 967.1 on 19 Mar 2024.Powered by Capital Market - Live

Sanofi India Ltd, Petronet LNG Ltd, Coal India Ltd, Granules India Ltd are among the other stocks to see a surge in volumes on BSE today, 28 February 2025.Prestige Estates Projects Ltd recorded volume of 3.67 lakh shares by 10:47 IST on BSE, a 17.27 times surge over two-week average daily volume of 21272 shares. The stock lost 1.76% to Rs.1,114.00. Volumes stood at 20583 shares in the last session.Sanofi India Ltd witnessed volume of 13571 shares by 10:47 IST on BSE, a 12.35 times surge over two-week average daily volume of 1099 shares. The stock dropped 1.54% to Rs.4,919.75. Volumes stood at 1376 shares in the last session.Petronet LNG Ltd notched up volume of 1.12 lakh shares by 10:47 IST on BSE, a 4.62 fold spurt over two-week average daily volume of 24321 shares. The stock slipped 3.05% to Rs.288.95. Volumes stood at 30409 shares in the last session.Coal India Ltd witnessed volume of 6.04 lakh shares by 10:47 IST on BSE, a 3.46 times surge over two-week average daily volume of 1.74 lakh shares. The stock increased 2.34% to Rs.372.35. Volumes stood at 3.62 lakh shares in the last session.Granules India Ltd recorded volume of 88237 shares by 10:47 IST on BSE, a 3.19 times surge over two-week average daily volume of 27657 shares. The stock lost 6.70% to Rs.473.70. Volumes stood at 20550 shares in the last session.Powered by Capital Market - Live

Net profit of Prestige Estates Projects declined 84.78% to Rs 17.70 crore in the quarter ended December 2024 as against Rs 116.30 crore during the previous quarter ended December 2023. Sales declined 7.87% to Rs 1654.50 crore in the quarter ended December 2024 as against Rs 1795.80 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1654.501795.80 -8 OPM %35.2429.80 - PBDT281.40416.70 -32 PBT76.70237.00 -68 NP17.70116.30 -85 Powered by Capital Market - Live

Prestige Estates Projects will hold a meeting of the Board of Directors of the Company on 30 January 2025.Powered by Capital Market - Live

Prestige Estates Projects Ltd fell 1.14% today to trade at Rs 1731.35. The BSE Realty index is down 0.33% to quote at 8325.02. The index is up 3.65 % over last one month. Among the other constituents of the index, Macrotech Developers Ltd decreased 1.03% and Phoenix Mills Ltd lost 0.62% on the day. The BSE Realty index went up 36.89 % over last one year compared to the 9.3% surge in benchmark SENSEX. Prestige Estates Projects Ltd has added 1.5% over last one month compared to 3.65% gain in BSE Realty index and 1.58% drop in the SENSEX. On the BSE, 207 shares were traded in the counter so far compared with average daily volumes of 14018 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 967.1 on 19 Mar 2024.Powered by Capital Market - Live

Prestige Estates Projects Ltd lost 3.44% today to trade at Rs 1646.95. The BSE Realty index is down 0.54% to quote at 7988.53. The index is up 3.48 % over last one month. Among the other constituents of the index, Sunteck Realty Ltd decreased 1.94% and Godrej Properties Ltd lost 1.14% on the day. The BSE Realty index went up 42.72 % over last one year compared to the 20.87% surge in benchmark SENSEX. Prestige Estates Projects Ltd has lost 0.36% over last one month compared to 3.48% gain in BSE Realty index and 0.02% drop in the SENSEX. On the BSE, 2784 shares were traded in the counter so far compared with average daily volumes of 22139 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 926.6 on 28 Nov 2023.Powered by Capital Market - Live

The acquired land will be planned for residential development spanning approximately 1 Million sq ft of carpet area. The cost of acquisition is around Rs 291.58 crore. Irfan Razack, chairman and managing director of Prestige Group, said, 'We are thrilled to announce the expansion of our presence in Mumbai with the acquisition of this land parcel together with all rights. This development, with a projected 1 million square feet of carpet area, underscores our commitment to strengthening our footprint in the Mumbai region and meeting the evolving demands of modern urban living. This strategic addition will further our vision of creating transformative spaces that deliver long-term value to our communities and stakeholders.' Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet. The company reported 77.41% decline in consolidated net profit to Rs 192.20 crore in Q2 FY25 as against Rs 850.90 crore recorded in Q2 FY24. Revenue from operations grew 3.04% year on year (YoY) to Rs 2,304.40 crore in the quarter ended 30 September 2024. The counter advanced 1.79% to end at Rs 1547.80 on Thursday, 14 November 2024.Powered by Capital Market - Live