Prestige Estates Projects Ltd: Record Q1 Sales and Collections, NCR Market Leads
Prestige Estate achieved exceptional Q1 results with a 300% year-over-year sales increase to ₹12,126.40 crore. Unit sales volume grew 234% to 9.55 million square feet. Collections rose 55% to ₹4,522.70 crore, marking the highest in a single quarter. The NCR region contributed 59% of total sales, followed by Bengaluru at 21%. The company launched four residential projects, including its first in NCR, and completed five projects, marking its first completion in Mumbai.

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Prestige Estate , a leading real estate developer, has reported an exceptional performance in Q1, setting new benchmarks in sales and collections. The company's remarkable results underscore its strong position in the real estate market and its ability to capitalize on growing demand.
Unprecedented Sales Growth
Prestige Estate has achieved a staggering 300% year-over-year increase in sales, reaching ₹12,126.40 crore. This quarter marks the company's best-ever sales performance, highlighting its robust growth trajectory and market appeal.
Strong Unit Sales and Area Coverage
The company reported a sales volume of 9.55 million square feet, representing a 234% increase. This impressive figure demonstrates Prestige Estate's ability to meet diverse customer needs across various property segments.
Record-Breaking Collections
Collections surged by 55% year-over-year to ₹4,522.70 crore, marking the highest collections in a single quarter for Prestige Estate. This significant increase in collections not only demonstrates the company's operational efficiency but also indicates strong customer confidence and financial health.
Regional Performance
The NCR region emerged as the top contributor, accounting for 59% of total sales, followed by Bengaluru at 21%. This diversification across key markets highlights Prestige Estate's strategic expansion and ability to capture opportunities in different regions.
New Project Launches and Completions
During the quarter, Prestige Estate launched four residential projects, including its first in the NCR region. The company also completed five projects, marking its first completion in Mumbai. These developments showcase the company's commitment to growth and expansion in new markets.
Market Implications
The exceptional performance of Prestige Estate in this quarter signals robust demand in the real estate sector. The company's ability to achieve such remarkable growth in sales and collections may indicate a positive trend for the broader real estate market, particularly in the regions where Prestige Estate operates.
This record-breaking quarter for Prestige Estate showcases the company's strong execution capabilities and its alignment with market demands. As the real estate sector continues to evolve, Prestige Estate's performance sets a high benchmark for the industry.
Historical Stock Returns for Prestige Estate
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.55% | +3.02% | -3.42% | +8.46% | -7.43% | +727.28% |