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Prestige Group

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Prestige Estates Q3 FY15 Turnover at Rs. 6,453 Mn (Up by 40%) & PAT at Rs. 995 Mn (Up by 23%)


Registers New Sales of Rs. 10,094 Mn for Q3 FY15 and ties up for 14 New Property Developments.

Bangalore, India, January 30, 2015 --(PR.com)-- Registers New Sales of Rs. 10,094 Mn for Q3 FY15 and ties up for 14 New Property Developments.

Q3 FY15:
* Revenue at Rs. 6,453 Million, considering revenue from operations and other income, up by 40% as compared to the revenue for the corresponding quarter of previous year (Q3 FY14) which stood at Rs. 4,600 Million.

* PAT at Rs. 995 Million, up by 23% as compared to the PAT for the corresponding quarter of previous year (Q3 FY14) which stood at Rs. 807 Million

*The Company has sold 611 Residential units and 0.21 million square feet of Commercial Space, aggregating to 1.55 million square feet amounting to Rs. 10,094 million of sales. (Of this, Prestige share is: 532 units - 1.13 million square feet amounting to Rs. 7,594 Million of Sales.)

* Total collections for the quarter aggregated to Rs. 9,209 million. (Prestige share of collections for the quarter aggregated to Rs. 7,561 million.)

For the Quarter ended 31 December 2014 (Q3):
Financial Highlights (Q3 FY15):

* Revenue at Rs. 6,453 Mn, considering revenue from operations and other income, up by 40% as compared to the revenue for the corresponding quarter of previous year (Q3 FY14) which stood at Rs.4,600 Mn.

* EBIDTA at Rs. 2,241 Mn, up by 39% as compared to the EBIDTA for the corresponding quarter of previous year (Q3 FY14) which stood at Rs.1,614 Mn

* PAT at Rs.995 Mn, up by 23% as compared to the PAT for the corresponding quarter of previous year (Q3 FY14) which stood at Rs.807 Mn

Operational Highlights (Q3 FY15):

New Sales:
* The Company has sold 611 Residential units and 0.21 million square feet of commercial space, aggregating to 1.55 million square feet amounting to Rs. 10,094 million of sales. (Of this, Prestige share is: 532 units -1.13 million square feet amounting to Rs. 7,594 Million of sales.)

* During the corresponding Q3 of previous year FY 13-14, the company had sold 1,204 Residential units and 0.03 million square feet of commercial space, aggregating to 2.08 million square feet amounting to Rs.12,620 million of sales. (Prestige share of sales for Q3 FY13-14 were 904 units -1.55 million square feet amounting to Rs.9,402 Million of sales.)

Collections:
* Total collections for the quarter aggregated to Rs. 9,209 million. (Prestige share of collections for the quarter aggregated to Rs. 7,561 million.)

* Total collections for Q3 FY 13-14 were Rs. 7,133 million and Prestige share of collections were Rs. 5,923 million.

Completions:
* This quarter, the Company has completed one residential project in Bangalore aggregating to 0.66 Mnsft.

For the Nine months ended 31 December 2014 (9M FY15):
Financial Highlights (9M FY15):

* Revenue at Rs. 18,304 Mn, considering revenue from operations and other income, up by 23% as compared to the revenue for the corresponding 9 months of previous year (9M FY14) which stood at Rs.14,933 Mn.

* EBIDTA at Rs. 6,097 Mn, up by 30% as compared to the EBIDTA for the corresponding 9 months of previous year (9M FY14) which stood at Rs.4,689 Mn

* PAT at Rs.3,004 Mn, up by 23% as compared to the PAT for the corresponding 9 months of previous year (9M FY14) which stood at Rs.2,448 Mn

Operational Highlights (9M FY15):
Sales:
* The Company has for the nine months ended December 2014 sold 3,263 Residential units & 0.46 million square feet of Commercial space, totalling to 6.27 million square feet, amounting to Rs.39,026 million of Sales, up by 10% as compared to the sales for the corresponding 9 months of previous year (9M FY15)

* Of the above, Prestige Estates share is 2,986 units totalling to 5.36 million square feet amounting to Rs. 33,560 million of Sales, up by 11% as compared to Prestige Estates share of sales for the corresponding 9 months of previous year (9M FY15)

* For the corresponding 9 months ending December 2013, the Company has sold 3,659 units and 0.15 Mnsft of commercial space, totalling to 6.01 Mnsft, amounting to Rs.35,560 million of Sales. Of this, Prestige Estates share of sales is 3,141 units and 0.15 Mnsft of commercial space, totaling to 5.15 Mnsft amounting to Rs.30,316 million of Sales

Collections:
* Total collections for the nine months ended 31st December 2014 aggregated to Rs. 27,688 million up by 28% as compared to the total collections for the corresponding 9 months of previous year (9M FY15). (Of this, Prestige Estates share is Rs. 23,269 million, up by 28%)

* Total collections for 9M FY 13-14 were Rs. 21,618 million and Prestige share of collections were Rs. 18,195 million.

Launches:
* The Company has launched total 7.38 million square feet of developable area for the nine months ended December 2014.

For further information, please contact:
Mr. Venkat K. Narayana
Executive Director & CFO
Prestige Estates Projects Limited
The Falcon House
No.1, Main Guard Cross Road
Bangalore – 560 001
Phone: +91-80-25001280
Fax: +91-80-25591945
URL: http://www.prestigeconstructions.com
Contact Information
Prestige Group
Mr. Venkat K. Narayana
+91-80-25591945
Contact
http://www.prestigeconstructions.com

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