The acquired land will be planned for residential development spanning approximately 1 Million sq ft of carpet area. The cost of acquisition is around Rs 291.58 crore. Irfan Razack, chairman and managing director of Prestige Group, said, 'We are thrilled to announce the expansion of our presence in Mumbai with the acquisition of this land parcel together with all rights. This development, with a projected 1 million square feet of carpet area, underscores our commitment to strengthening our footprint in the Mumbai region and meeting the evolving demands of modern urban living. This strategic addition will further our vision of creating transformative spaces that deliver long-term value to our communities and stakeholders.' Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet. The company reported 77.41% decline in consolidated net profit to Rs 192.20 crore in Q2 FY25 as against Rs 850.90 crore recorded in Q2 FY24. Revenue from operations grew 3.04% year on year (YoY) to Rs 2,304.40 crore in the quarter ended 30 September 2024. The counter advanced 1.79% to end at Rs 1547.80 on Thursday, 14 November 2024.Powered by Capital Market - Live

However, revenue from operations grew 3.04% year on year (YoY) to Rs 2,304.40 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 182.70 crore in September 2024 quarter, down 84.34% from Rs 1,166.70 crore reported in same quarter last year. The company's EBITDA dropped 53.43% YoY to Rs 750.7 crore while EBITDA margin stood at 30.97% during the period under review. During Q2 FY25, the group has registered sales of Rs 4,022.6 crore (down 43% YoY) and the collections stood at Rs 2,737.2 crore (up 4% YoY). The sales during this period are attributed to 3 mn sft volume with an average realization of Rs 13,782 per sft (for apartments / villas) and Rs 6,645 per sft (for plots). The number of units sold during the second quarter of FY25 stood at 1,366 units. As on 30 September 2024, the company's net debt was at Rs 359.21 crore and debt equity ratio was at 0.21 and average borrowing cost was at 10.69%. On half year basis the company's consolidated net profit dropped 62% to Rs 424.80 crore in H1 FY25 as against Rs 1,117.80 crore posted in H1 FY24. However the company's revenue from operation increased 6.36% YoY to Rs 4,166.50 crore in H1 FY25. Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet. The scrip rose 0.19% to Rs 1,609.50 on the BSE. Powered by Capital Market - Live

Net profit of Prestige Estates Projects declined 77.41% to Rs 192.20 crore in the quarter ended September 2024 as against Rs 850.90 crore during the previous quarter ended September 2023. Sales rose 3.04% to Rs 2304.40 crore in the quarter ended September 2024 as against Rs 2236.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2304.402236.40 3 OPM %26.9126.16 - PBDT383.101340.80 -71 PBT182.701166.70 -84 NP192.20850.90 -77 Powered by Capital Market - Live

The acquired land will be planned for residential development spanning approximately 2.68 million square feet of developable area. Irfan Razack, chairman and managing director of Prestige Group, said: 'We are excited to expand our presence in Bengaluru with the acquisition of this prime 17.45-acre land parcel adjacent to our recently launched project - Prestige Raintree Park. This development, projected at 2.28 million square feet represents our ongoing commitment to delivering integrated, high-quality spaces that cater to the evolving needs of modern urban living.' Prestige Group has a diversified business model across residential, office, retail, and hospitality segments with operations in 12 key locations in India. The company's consolidated net profit fell 12.85% to Rs 232.6 crore in Q1 FY25 as against Rs 266.9 crore recorded in Q1 FY24. Revenue from operations grew 10.78% year on year (YoY) to Rs 1,862.1 crore in the quarter ended 30 June 2024. The scrip fell 2.84% to currently trade at Rs 1606 on the BSE. Powered by Capital Market - Live

Prestige Estates Projects will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

Prestige Estates Projects Ltd rose 2.46% today to trade at Rs 1885.25. The BSE Realty index is up 0.57% to quote at 8878.75. The index is up 9.51 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 0.76% and Sunteck Realty Ltd added 0.71% on the day. The BSE Realty index went up 92.6 % over last one year compared to the 28.88% surge in benchmark SENSEX. Prestige Estates Projects Ltd has added 10.31% over last one month compared to 9.51% gain in BSE Realty index and 4.29% rise in the SENSEX. On the BSE, 10689 shares were traded in the counter so far compared with average daily volumes of 50693 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 591.85 on 03 Oct 2023.Powered by Capital Market - Live

Prestige Estates Projects announced that the 27th Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

CCL Products (India) Ltd, Hatsun Agro Product Ltd, Globus Spirits Ltd and PCBL Ltd are among the other losers in the BSE's 'A' group today, 05 September 2024.Prestige Estates Projects Ltd crashed 5.29% to Rs 1770.7 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 55461 shares were traded on the counter so far as against the average daily volumes of 43044 shares in the past one month.CCL Products (India) Ltd tumbled 4.85% to Rs 790.9. The stock was the second biggest loser in 'A' group.On the BSE, 38573 shares were traded on the counter so far as against the average daily volumes of 29517 shares in the past one month.Hatsun Agro Product Ltd lost 4.31% to Rs 1271. The stock was the third biggest loser in 'A' group.On the BSE, 5212 shares were traded on the counter so far as against the average daily volumes of 5152 shares in the past one month.Globus Spirits Ltd fell 3.81% to Rs 1059.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 36779 shares were traded on the counter so far as against the average daily volumes of 47287 shares in the past one month.PCBL Ltd shed 3.65% to Rs 491.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.76 lakh shares were traded on the counter so far as against the average daily volumes of 4.56 lakh shares in the past one month.Powered by Capital Market - Live

The company's board authorized and declared the opening of the issue on Thursday, 29 August 2024. The floor price of Rs 1,755.09 is at a premium of 1.79% to the previous day's closing price of Rs 1,724.25 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet. The company's consolidated net profit fell 12.85% to Rs 232.6 crore in Q1 FY25 as against Rs 266.9 crore recorded in Q1 FY24. Revenue from operations grew 10.78% year on year (YoY) to Rs 1,862.1 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

Prestige Estates Projects Ltd lost 0.62% today to trade at Rs 1750.1. The BSE Realty index is down 0.19% to quote at 8074.88. The index is down 4.02 % over last one month. Among the other constituents of the index, Mahindra Lifespace Developers Ltd decreased 0.5% and Phoenix Mills Ltd lost 0.38% on the day. The BSE Realty index went up 87.42 % over last one year compared to the 25.88% surge in benchmark SENSEX. Prestige Estates Projects Ltd has lost 4.57% over last one month compared to 4.02% fall in BSE Realty index and 0.59% rise in the SENSEX. On the BSE, 631 shares were traded in the counter so far compared with average daily volumes of 46583 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 565.2 on 28 Aug 2023.Powered by Capital Market - Live