Prestige Estates Projects Limited — Updates, 31-01-2025: Press Release

Sales for Prestige Estates Projects Limited remained robust in Q3 FY25, achieving ₹30,135 million and totaling 2.23 million sq. ft. across 888 units sold. Collections were healthy at ₹32,575 million, maintaining strong pricing at ₹13,684 per sq. ft. Over the nine months, sales reached ₹1,00,657 million with an average realization of ₹13,128 per sq. ft.

Financially, Q3 revenue was ₹16,979 million, with EBITDA at ₹6,335 million and a margin of 37.31%. PAT was reported at ₹322 million, impacted by a mark-to-market loss of ₹584 million on REIT holdings. For the nine-month period, total revenue was ₹61,462 million, with EBITDA of ₹23,429 million and PAT of ₹5,738 million.

Segment-wise, retail saw gross trading value exceed ₹17,300 million with 14 million footfalls, office leasing was strong at 3.02 million sq. ft., and hospitality maintained over 60% occupancy with revenues of ₹6,616 million. The company’s leadership remains optimistic about upcoming project launches, which are poised to enhance sales momentum. Watch closely for these developments as they could significantly impact future performance.