Prestige Estates Registers 93% Increase in the Revenue and Highest Ever New Sales (by the Company) in QII FY 13-14

8/14/2019 Prestige Estates Registers 93% Increase in the Revenue and Highest Ever New Sales (by the Company) in QII FY 13-14

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Prestige Estates Registers 93% Increase in the

Revenue and Highest Ever New Sales (by the

Co!any" in #II $ &3'&

) Revenues at Rs* +,-& illion u! by 93%* ) P./ at Rs* 001 illion,

u! by 0-%* ) Registered Highest New sales o2 Rs* &&,90 illion in

#4*

5angalore, India, Noveber -6, 4-&3 ''

$7R /HE #8.R/ER (#4" ENE SEP/E5ER 3-, 4-&3:

$inancial Highlights (#4":'

* Revenue at Rs. 5,041 million, up by 93% as compared to the corresponding

previous years !uarter "#$$ & 1'(13) revenue o Rs. ',+09 million.

* -$/ at Rs. 1,4+ million, up by +0% as compared to the corresponding

previous years !uarter "#$$ & 1'(13) -$/ o Rs. 9'0 million.

* 2/ at Rs. + million, up by 0% as compared to the corresponding

previous years !uarters "#$$ & 1'(13) 2/ o Rs. 45 million.

* Rental income at Rs. 59' million up by 1+% as compared to the

corresponding previous years !uarters "#$$ & 1'(13) rental income o Rs.

509 million.

7!erational Highlights (#4":'

* /he ompany has sold 1,193 Residential nits and 0.11 million s!uare eeto ommercial 6pace, aggregating to 1.95 million s!uare eet amounting to

Rs. 11,49 million o sales.

* /he average reali7ation o Rs. 5,8+ per s!t is up by 15% as compared to

the average reali7ation achieved or the corresponding previous years

!uarter "#$$ & 1'(13) o Rs. 5,090 per s!t.


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* Registered total ne: leasing o 0.9 million s!uare eet up by 4+% as

compared to the total ne: leasing or the corresponding previous years

!uarter "#$$ & 1'(13) o 0.54 million s!t.

* ;et ollections or the !uarter aggregated to Rs. +,198 million, up by '3%

as compared to the corresponding previous years !uarters "#' & 1'(13)collection o Rs. 5,050 million.

$7R /HE H.;$'E.R ENE (H&" ENE SEP/E5ER 3-, 4-&3:

$inancial Highlights (H&":

* Revenue at Rs. 10,334 million, up by 104% as compared to the

corresponding previous hal years "uidance o Rs.

43,000 million o sales set at the beginning o & 13(14).

* /he sales or the #1 and #' "


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leasing o 1.00 million s!uare eet o Rs. 998 million.

* 2restige 6hare o collections or the hal(year ended 30th 6eptember, '013

are Rs. 1','' million, up by 3'% as compared to the corresponding previous

hal years "


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time schedules and to transer clean titles.

isclaier:

ertain statements in this document may be or:ard(looBing statements.6uch or:ard(looBing statements are subDect to certain risBs and

uncertainties liBe regulatory changes, local political or economic

developments, technological risBs and many other actors that could cause

our actual results to dier materially rom those contemplated. 2restige

states 2roDects Aimited :ill not be in any :ay responsible or any action

taBen based on such statements and undertaBes no obligation to publicly

update these or:ard(looBing statements to relect subse!uent events or

circumstances.

$or 2urther in2oration, !lease contact: JenBat I. ;arayana,

contactKmarchingantsllp.com, 91(80('5501'80,

http?CC:::.prestigeconstructions.com
http://www.prestigeconstructions.com/http://www.prestigeconstructions.com/

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Prestige Estates Registers 93% Increase in the Revenue and Highest Ever New Sales (by the Company) in QII FY 13-14