Latest news with #PrestigeEstatesProjectsLtd
Yahoo
a day ago
- Business
- Yahoo
Prestige Estates Projects Ltd (BOM:533274) Q4 2025 Earnings Call Highlights: Strong Sales ...
Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Prestige Estates Projects Ltd (BOM:533274) recorded a 48% year-on-year growth in new sales for Q4, driven by a robust launch pipeline and strong customer response. The company achieved a significant milestone with sales in Mumbai overtaking Bangalore, highlighting the success of its geographic diversification strategy. Realization for residential apartments, villas, and commercial products rose 36% year-on-year, demonstrating strong pricing power. Collections remained steady at 12,084 crores for the year, with a sharp increase in launch momentum in Q4. The company is entering FY26 with renewed momentum, backed by a robust pipeline of projects with a GDP potential of approximately 42,000 crores across multiple geographies. Total sales for the year were 19% lower than the previous year, largely due to deferred launches. The company faced challenges with approvals, which impacted the timing of project launches. There is a pending 24% stake held by promoters in one of the entities, which the company does not plan to acquire in the near future due to cash flow considerations. The construction spend fell on a quarter-on-quarter basis, raising questions about future project timelines. The company has moderated its GDV pipeline to 42,000 crores, indicating potential limitations in new business development. Warning! GuruFocus has detected 5 Warning Signs with BOM:533274. Q: What is the guidance for Prestige Estates Projects Ltd for FY26? A: The company has set a target of achieving 27,000 crores in sales for FY26, with expectations of reaching 12,000 to 13,000 crores in the first quarter alone. (Respondent: Unidentified_3) Q: How does Prestige Estates plan to grow its business development pipeline, given the current GDV of 42,000 crores? A: Prestige Estates has moderated its GDV pipeline to 42,000 crores, with additional projects that could be launched if pushed hard. The company spent 5,680 crores on land and TDR, with 1,500 crores on stake acquisitions, contributing to a GDV addition of 20,000 crores. (Respondent: Unidentified_4 and Unidentified_6) Q: What is the status of the company's projects in NCR, and how does it view this market? A: The NCR market has shown significant potential, with Prestige Estates clocking 65,000 crores in sales. The company is evaluating new deals and expects to secure more land in NCR to maintain its pipeline. (Respondent: Unidentified_3) Q: Can you provide an update on the Aero City and Jija Mata Nagar projects in Mumbai? A: Aero City is on track, with the office component already leased. The hotel is expected to be ready by early next year. The Jija Mata Nagar project is progressing, with transit camps being constructed and 10% of the site left to clear. (Respondent: Unidentified_3 and Unidentified_4) Q: How does Prestige Estates view the pricing environment and competitive intensity in the market? A: The pricing environment is favorable, with strong absorption rates across various cities. The company maintains a balanced approach to acquisitions, aiming for an EBITDA margin of 30-35% while being conservative in pricing new acquisitions. (Respondent: Unidentified_4) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
a day ago
- Business
- Business Standard
Quick Wrap: Nifty Realty Index rises 2.31%
Nifty Realty index closed up 2.31% at 971.25 today. The index is up 10.00% over last one month. Among the constituents, Brigade Enterprises Ltd gained 7.48%, Prestige Estates Projects Ltd added 4.98% and Anant Raj Ltd jumped 3.33%. The Nifty Realty index is down 5.00% over last one year compared to the 9.70% surge in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index added 2.15% and Nifty FMCG index added 0.81% on the day. In broad markets, the Nifty 50 has dropped 0.14% to close at 24716.6 while the SENSEX is down 0.09% to close at 81373.75 today.
Time of India
2 days ago
- Business
- Time of India
Stock market update: Nifty Realty index advances 0.32% in a weak market
NEW DELHI: The Nifty Realty index traded positive around 10:15AM(IST)on Monday in a weak market. Prestige Estates Projects Ltd .(up 3.78 per cent), Brigade Enterprises Ltd .(up 1.04 per cent), Phoenix Mills Ltd .(up 0.78 per cent), Sobha Ltd.(up 0.56 per cent) and Oberoi Realty Ltd .(up 0.06 per cent) were among the top gainers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bosnia And Herzegovina: New Small Electric Car For Seniors. Prices Might Surprise You. Electric Cars | Search Ads Undo Anant Raj Ltd .(down 0.58 per cent), Godrej Properties Ltd .(down 0.46 per cent), Macrotech Developers Ltd.(down 0.43 per cent) and DLF Ltd.(down 0.35 per cent) were the top losers on the index. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The Nifty Realty index was up 0.32 per cent at 952.35 at the time of writing this report. Benchmark NSE Nifty50 index was down 169.8 points at 24580.9, while the BSE Sensex was down 614.82 points at 80836.19. Live Events Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red. Shares of Reliance Power , YES Bank, Niva Bupa Health Ins , Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE. Shares of IFB Agro, Pennar Ind, Lumax Auto Tech , BSE and Madhya Bharat Agro hit their fresh 52-week highs in today's trade, while Navkar Builders , Varanium Cloud , SKIL Infrastructure , Gujarat Lease and Signpost India hit fresh 52-week lows in trade.
Mint
2 days ago
- Business
- Mint
Prestige Estates makes room for a better FY26 as approval delays ease
Prestige Estates Projects Ltd put up a decent show in the March quarter (Q4FY25) with pre-sales or bookings at ₹6,957 crore, up 48% year-on-year. Last quarter, it launched 14.03 million square feet (msf) spanning four projects: Prestige Suncrest and Prestige Southern Star-Ph 1 in Bengaluru, Prestige Nautilus in Mumbai, and Prestige Spring Heights in Hyderabad. Also Read | Prestige Estates gears up for big launches in H2, but timely approvals are key However, Prestige still missed its full-year FY25 pre-sales target. Bookings declined 19% year-on-year to ₹17,023 crore in FY25, below the guided ₹24,000 crore. Lack of adequate new project launches due to approval delays was a dampener for Prestige during a large part of the financial year. Launches fell to 26msf in FY25 from 40msf in FY24, and project completions were tepid as well. Prestige's lacklustre performance comes at a time when other key listed developers such asGodrej Properties Ltd andMacrotech Developers Ltd (Lodha) surpassed their respective guidance, clocking impressive FY25 pre-sales. Prestige's management is upbeat on its FY26 prospects as approvals have begun to fall in place. The company has entered FY26 with the launch of its much-awaited Indirapuram project in the National Capital Region, which has already clocked pre-sales ₹6,500 crore. It also launched 'Prestige Gardenia Estates' in Bengaluru. The company has a strong launch pipeline with projects worth gross development value or revenue potential of around ₹42,000 crore in FY26. Plus, it has unsold inventory worth nearly ₹20,000 crore. This has led the management to guide for pre-sales of ₹27,000 crore, which is around 60% more than the pre-sales achieved in FY25. In fact, pre-sales of ₹12,000-13,000 crore are expected in Q1FY26 itself. Also Read | A lost quarter: Prestige Estates' slow start leaves it a lot to catch up Major projects lined up for FY26 are Prestige Falcon City Luxe, Prestige Raintree Park in Bengaluru; Prestige Pallavaram Gardens in Chennai; Prestige Rock Cliff in Hyderabad; and Prestige Forest Hills Mulund—Phase II in Mumbai. Overall, an improvement in project completions and new launches should drive pre-sales growth in FY26, thus aiding collections, which were muted in FY25. On the commercial side, its office portfolio exited FY25 with an occupancy of 90%. The upcoming commercial offices in BKC are likely to be completed by 2028 and pre-leasing has already started here, the management said. The upcoming office space at Delhi Airport is alreadycommitted and leased. Prestige plans to hand it over by FY26-end. The retail portfolio saw 99% occupancy levels in FY25. For its hospitality business, Prestige has filed the draft red herring prospectus for initial public offering (IPO). Also Read | Prestige Estates set for tightrope walk Prestige is aggressively building up its annuity portfolio and has huge capital expenditure plans with increased thrust on acquiring land for project development. Consequently, debt is inching higher and is likely to stay elevated. Net debt rose to ₹6,716 crore at Q4 FY25-end, from ₹5,960 crore in Q3 FY25, taking the net debt-to-equity metric to 0.42x from 0.37x during this time. 'Net gearing is at 0.42x, manageable, though with a large ongoing capex program (around ₹3,000-3,500 crore annual spends), alongside development business land capex ( ₹4,000-4,500 crore); we believe net debt should still rise by around ₹3,000-4,000 crore in FY26," said Jefferies India report dated 30 May. Year-on-year, Prestige's debt declined, aided by the ₹5,000 crore QIP (qualified institutional placement) issue of the company in 2024. For the Prestige stock that has been under pressure lately, the trajectory of debt remains a key monitorable. The shares have declined by 13% so far in 2025, more than the drop in the Nifty Realty index. A meaningful improvement in pre-sales is crucial in FY26 to reverse the stock's recent underperformance.
Hindustan Times
2 days ago
- Business
- Hindustan Times
Prestige Group to launch housing projects worth ₹42,000 cr in FY'26 to tap strong consumer demand
New Delhi, Jun 1 (PTI) Realty firm Prestige Estates Projects Ltd will launch multiple housing projects across major cities this fiscal year with an estimated revenue of more than ₹42,000 crore, as it looks to expand business to capitalize on strong consumer demand. According to its latest investors presentation, Bengaluru-based Prestige Estates plans to launch as many as 25 residential projects having 44.80 million sq ft of developable area, with an estimated gross development value of ₹42,120 crore, in this financial year. These projects are lined up in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR and Goa. During the 2024-25 financial year, the company launched a lesser number of projects due to delays in regulatory approvals. Prestige Estates launched 26.28 million square feet during the last fiscal year, with a combined gross development value of ₹26,222.8 crore. Last year, the company's sales bookings or pre-sales were affected. Prestige Estates sales bookings during the 2024-25 fiscal declined 19 per cent to ₹17,023.1 crore, "reflecting the impact of deferred launches amid approval delays", the company had said in April. The company was not able to achieve the targeted sales bookings of ₹24,000 crore last fiscal. Sales volume for 2024-25 stood at 12.58 million square feet, down 38 per cent Y-o-Y (year-on-year). Total units sold stood at 5,919 last fiscal. The average realisation for apartments, villas, and commercial products rose to ₹14,113 per square feet, an impressive 36 per cent increase Y-o-Y. Plot sale realisation increased to ₹7,167 per square foot, registering a 50 per cent Y-o-Y growth. On the financial performance front, during 2024-25 fiscal, Prestige Estates net profit fell sharply to ₹467.5 crore, from ₹1,374.1 crore in the preceding year. Total income too declined to ₹7,735.5 crore in the last fiscal year, from ₹9,425.3 crore in the 2023-24 fiscal. Prestige Group has developed more than 300 projects so far and is constructing a large number of properties across major states.
