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Prestige Estate demonstrates strong operating performance in Q2 of FY14

09 Oct 2013 Evaluate

Prestige Estate Projects has demonstrated strong operating performance in Q2 of FY14, despite all the negative factors affecting the economy, such as rising inflation, falling Rupee, lowest GDP Growth, surprise increase in the interest rates, volatility in the markets, sustaining the momentum created in Q1, in terms of operational performance and growth. 

During the quarter, the company has sold 1,193 residential units and 0.11 million square feet of commercial space, aggregating to 1.95 million square feet amounting to Rs 11,497 million of sales. Of total, Prestige share is 1,105 units and1.83 million square feet amounting to Rs 10,685 million of sales, up by 31% from that of Q2 FY12-13.

However, during the corresponding Q2 of previous year FY12-13, the company had sold 831 units and 0.29 Million square feet of Commercial space aggregating 1.62 million square feet amounting to Rs 8,160 Million of sales. Meanwhile, during the quarter the company has launched 4 residential projects across Bangalore and  Chennai, aggregating to 5.21 million square feet of total developable area. 

Prestige EstatesProj Share Price

1357.50 19.70 (1.47%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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