Prestige Estates Projects gains on reporting 63% rise in sales bookings during FY24
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Prestige Estates Projects is currently trading at Rs. 1278.00, up by 2.25 points or 0.18% from its previous closing of Rs. 1275.75 on the BSE.
The scrip opened at Rs. 1292.15 and has touched a high and low of Rs. 1317.30 and Rs. 1262.40 respectively. So far 22473 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1440.00 on 15-Jan-2024 and a 52 week low of Rs. 419.90 on 10-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1350.00 and Rs. 1262.00 respectively. The current market cap of the company is Rs. 50989.60 crore.
The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.24% and 3.27% respectively.
Prestige Estates Projects has reported 63% annual increase in sales bookings during FY24 at Rs 21,040 crore -- an all-time high, on strong demand for its residential properties and higher average per square feet realisation. The company's sales bookings stood at Rs 12,931 crore in the financial year 2022-23.
The company attained the highest-ever annual collections of Rs 11,954 crore for FY24, a growth of 22% year-on-year (YoY). It achieved record sales bookings in volume terms as well totaling 20.25 million square feet in 2023-24, up 34% in the previous year. It has achieved the highest-ever number of units sold, with 10,068 units sold in FY24 and achieved the highest average realization at Rs 10,410 per square feet in FY24.
