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Prestige Estate soars on reporting total sales of Rs 12,62 crore for Q3 FY14

08 Jan 2014

Prestige Estate Projects is currently trading at Rs. 159.35, up by 6.35 points or 4.15% from its previous closing of Rs. 153.00 on the BSE.

The scrip opened at Rs. 153.90 and has touched a high and low of Rs. 164.35 and Rs. 152.95 respectively. So far 16001 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.90 on 07-Feb-2013 and a 52 week low of Rs. 105.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 165.10 and Rs. 152.05 respectively. The current market cap of the company is Rs. 5584.25 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 23.67% and 1.33% respectively.

Prestige Estate Projects has reported total sales of Rs 1,262 crore for the Q3 FY14. Q3 of FY13-14 in the country has seen slowdown in the economy due to various negative factors resulting in steep decelerated demand for real estate. However, notwithstanding all the negativities affecting the economy, in line with the strong operating performance demonstrated in Q1 & Q2 of FY 13-14, the Company has been able to bring forward and endure the same impetus in Q3 of FY 13-14 too.

During the quarter, the company has sold 1,204 Residential units and 0.026 million square feet of commercial space, aggregating to 2.075 million square feet amounting to Rs 1,262 crore of sales. Of the above, Prestige share is 904 units and 1.55 million square feet amounting to Rs 940.20 crore of sales, up by 24.69% from that of Q3 FY 12-13.

During the corresponding Q3 of previous FY 12-13, the company had sold 682 units aggregating 1.44 million square feet of Residential and Commercial space amounting to Rs 754 crore of sales - Prestige Share. (Overall sales of 1.69 million square feet of area amounting to Rs 873.9 crore)


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