Prestige Estates announces highest quarterly sales and collections in Q2FY22

Prestige Estates, has announced its updates on real estate operations for the quarter ending 30th September, 2021 & H1FY22. During Q2FY22, The Group has registered highest quarterly sales of INR 21,119 mn, up 88% YoY and has clocked collections of INR 15,515 mn, up 35% YoY, resultant H1F22 sales at INR 28,458 mn and collections at INR 25,738 mn.

Commenting on Q2 / H1F22 performance, Mr. Irfan Razack, Chairman, Prestige Group "We are delighted to announce our robust performance during Q2F22. Despite the challenging environment, Prestige has clocked highest quarterly sales and collections. The new sales were backed by the healthy response to our newly launched project, Prestige Great Acres and the existing inventories across geographies. Prestige Great Acres was sold out within one day of launch without any advertisement campaign."

Commenting on this, Mr. Venkat K Narayana, Chief Executive Officer, Prestige Group "We are pleased to announce record quarterly sales of INR 21,119 mn. With the strong Q2F22 Sales and Collections, our H1F22 sales touched INR 28,458 mn and collections at INR 25,738 mn. H2F22 will be an exciting period backed by favorable macro fundamentals and a robust launch pipeline. Apart from the launches in southern market, we are launching three projects in Mumbai and one project in NCR with a combined launch pipeline to the tune of 10 mn sft".

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 481.35 as compared to the previous close of Rs. 484.45. The total number of shares traded during the day was 39709 in over 1819 trades.

The stock hit an intraday high of Rs. 491.30 and intraday low of 475.50. The net turnover during the day was Rs. 19181848.00.

Shares of Prestige Estates Projects Limited was last trading in NSE at Rs. 481.70 as compared to the previous close of Rs. 484.60. The total number of shares traded during the day was 1064702 in over 23630 trades.

The stock hit an intraday high of Rs. 491.70 and intraday low of 475.15. The total traded value during the day was Rs. 515756458.70.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 533274 Realty OperationalUpdate Q2FY22 H1FY22