Latest news with #PrestigeEstatesProjectsLtd
News18
2 days ago
- Business
- News18
Prestige Estates Q1 profit rises 26 pc to Rs 292.5 cr
New Delhi, Aug 5 (PTI) Realty firm Prestige Estates Projects Ltd on Tuesday reported a 26 per cent increase in its consolidated net profit to Rs 292.5 crore during the first quarter of this fiscal. Its net profit stood at Rs 232.6 crore in the year-ago period. Total income rose to Rs 2,468.7 crore during the April-June period of this fiscal from Rs 2,024.5 crore in the corresponding period of the preceding year, according to a regulatory filing. Last month, Prestige Estates Projects Ltd reported a 4-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of FY26, mainly on strong demand for its housing project in Ghaziabad. The company's sales bookings or pre-sales stood at Rs 3,029.5 crore in the year-ago period. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
29-07-2025
- Business
- Business Standard
Lodha Developers Ltd Spikes 1.96%
Lodha Developers Ltd has lost 13.86% over last one month compared to 8.08% fall in BSE Realty index and 4.09% drop in the SENSEX Lodha Developers Ltd rose 1.96% today to trade at Rs 1224.95. The BSE Realty index is up 0.21% to quote at 7086.69. The index is down 8.08 % over last one month. Among the other constituents of the index, DLF Ltd increased 0.25% and Prestige Estates Projects Ltd added 0.23% on the day. The BSE Realty index went down 17.02 % over last one year compared to the 0.9% fall in benchmark SENSEX. Lodha Developers Ltd has lost 13.86% over last one month compared to 8.08% fall in BSE Realty index and 4.09% drop in the SENSEX. On the BSE, 4986 shares were traded in the counter so far compared with average daily volumes of 1.1 lakh shares in the past one month. The stock hit a record high of Rs 1534.25 on 09 Jun 2025. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.
Business Standard
23-07-2025
- Business
- Business Standard
Lodha Developers Ltd Slides 4.08%
Lodha Developers Ltd has lost 6.01% over last one month compared to 2.29% fall in BSE Realty index and 0.68% rise in the SENSEX Lodha Developers Ltd lost 4.08% today to trade at Rs 1384.15. The BSE Realty index is down 0.66% to quote at 7676.48. The index is down 2.29 % over last one month. Among the other constituents of the index, Oberoi Realty Ltd decreased 3.45% and Prestige Estates Projects Ltd lost 0.98% on the day. The BSE Realty index went down 7.84 % over last one year compared to the 2.52% surge in benchmark SENSEX. Lodha Developers Ltd has lost 6.01% over last one month compared to 2.29% fall in BSE Realty index and 0.68% rise in the SENSEX. On the BSE, 12.68 lakh shares were traded in the counter so far compared with average daily volumes of 22293 shares in the past one month. The stock hit a record high of Rs 1534.25 on 09 Jun 2025. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.
Business Standard
17-07-2025
- Business
- Business Standard
Prestige Estates Projects Ltd Spurts 1.67%
Prestige Estates Projects Ltd has added 3.27% over last one month compared to 1.78% fall in BSE Realty index and 1.43% rise in the SENSEX Prestige Estates Projects Ltd rose 1.67% today to trade at Rs 1747.8. The BSE Realty index is up 0.57% to quote at 7725.31. The index is down 1.78 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 1.32% and Phoenix Mills Ltd added 0.94% on the day. The BSE Realty index went down 12.18 % over last one year compared to the 2.52% surge in benchmark SENSEX. Prestige Estates Projects Ltd has added 3.27% over last one month compared to 1.78% fall in BSE Realty index and 1.43% rise in the SENSEX. On the BSE, 2244 shares were traded in the counter so far compared with average daily volumes of 22058 shares in the past one month. The stock hit a record high of Rs 1971 on 17 Sep 2024. The stock hit a 52-week low of Rs 1048.3 on 07 Apr 2025.
Time of India
16-07-2025
- Business
- Time of India
Luxury development boom stokes jump in Indian real estate shares
A rally in India's real estate stocks is gaining momentum, driven by optimism that robust residential pre-sales and a boom in luxury housing projects will bolster investor confidence. A gauge of local property shares have surged more than 25% from an April low, putting the sector on track to outperform the benchmark Nifty 50 Index for a fifth straight month in July. The rebound follows a sharp selloff earlier this year amid concerns about a slowing economy. Investors are betting on a turnaround in India's property market with developers set to report a record 447 billion rupees ($5.2 billion) in pre-sales in the first quarter, according to a July 7 report from Kotak Institutional Equities. Upcoming new launches from DLF Ltd. , Prestige Estates Projects Ltd. and Lodha Developers Ltd. are adding to stronger sentiment. Bloomberg 'We believe tier-1 developers with strong balance sheets and diversified portfolios should continue to benefit from the structural long cycle positive demand trends in India,' Harsh Wardhan Modi, an analyst at JPMorgan Chase & Co., wrote on Friday. Live Events DLF said it sold 110 billion rupees worth of luxury homes within a week of launch in June, while Prestige notched an all-time high sales bookings in the quarter. While shares of the two are down year to date, they're more than 35% higher since bottoming out in April. 'Many developers in our coverage have less than one year of unsold inventory and strong balance sheets, giving them pricing and staying power,' HSBC Holdings analysts including Puneet Gulati wrote in a recent note. Still, concerns over aggressive new project launches and the risk of oversupply are weighing on future growth. Questions about whether the property cycle has peaked and if the pace of sales will continue has prompted some investors to take pause. For now, they're turning their attention to upcoming earnings season scheduled to kick off later this month. Key areas to watch include whether firms revise guidance upward for fiscal 2026 pre-sales and cash collection, according to Citigroup Inc. analysts.
