Prestige Estates Projects has reported four-fold jump in sales at record Rs 3012.10 crore for the quarter ended June 2022 (Q1FY23). The company's sales stood at Rs 733.90 crore in the year-ago period. The company’s collections stood at Rs 2146.40 crore in Q1FY23 as against Rs 1022.30 crore in Q1FY22, i.e. reported 2- fold jump.
During the quarter, 4 projects were launched spanning 9.67 mn sft, viz Prestige Tech Forest, Prestige Waterfront, Meridian Park Phase II in The Prestige City in Bangalore and Prestige Bellanza in The Prestige City, Mumbai. Three projects totalling 0.78 mn sft- Prestige Poseidon Annexe, Prestige Woodland Park and Prestige Metropolitan were completed during the quarter.
Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
Company Name | CMP |
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Macrotech Developers | 1400.75 |
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