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

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Registers New Sales of Rs. 10,094 Mn for Q3 FY15 and ties up for 14
New Property Developments.  (Free-Pr-Online.com)

Bangalore, India, January 28th, 2015 — 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.

Commenting on this strong performance and growth, Mr. Irfan Razack,
Chairman and Managing Director, Prestige Estates Projects Limited,
said “Things on ground are pretty robust and positive. In fact, this
quarter has been fantastic for us in terms of sales. We have clocked
over Rs.10,000 Mn of total new sales in spite of having no new
launches during the quarter and without having the need to advertise
much. During the quarter we have also tied up for 14 new property
developments across the geographies and these projects, once launched
will further enhance our sales momentum and help us in taking our
company to next level.”

Mr. Venkat K Narayana, Executive Director & CFO added to this saying
that “The growth is supported by collections in excess of Rs. 9,200
million during the quarter, excluding the rental income. On the
turnover front, there is sizeable un-booked revenue around Rs. 83,776
million and with the execution of projects moving in line with the
schedule, these revenues consistently flow to the top line to sustain
these numbers going forward and grow further.”

About the Company:
Prestige Estates, having a legacy spanning over 28 years, is one of
South India’s leading Real Estate Developers. It has 184 completed
projects aggregating over 60.74 Mnsft of developable Area to its
credit and currently has 57 ongoing projects aggregating to 59.24
million square feet of developable area and 43 upcoming projects
aggregating to 44.11 million square feet of developable area spanning
across Residential, Commercial, Retail and Hospitality sectors in
major South Indian cities such as Bengaluru, Mysoru, Mangaluru,
Chennai, Kochi, Hyderabad, Ooty, Goa, etc. It is also currently one of
the few CRISIL DA1 rated Developers in India. This rating indicates
the Company’s excellent ability to execute real estate projects as
per specified quality levels within stipulated time schedules and to
transfer clean title.

Disclaimer:
Certain statements in this document may be forward-looking statements.
Such forward-looking statements are subject to certain risks and
uncertainties like regulatory changes, local political or economic
developments, technological risks and many other factors that could
cause our actual results to differ materially from those contemplated.
Prestige Estates Projects Limited will not be in any way responsible
for any action taken based on such statements and undertakes no
obligation to publicly update these forward-looking statements to
reflect subsequent events or circumstances.

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
E-mail: venkatkn@prestigeconstructions.com
URL: http://www.prestigeconstructions.com

prestige estates, registers new sales, new property developments,
revenue, quarter income, real estate developer, prestige
constructions, prestige group, residential, commercial, retail
hospitality

Mr. Venkat K. Narayana
Prestige Estates Projects Limited
Bangalore – 560 001
+91-80-25001280
venkatkn@prestigeconstructions.com
http://www.prestigeconstructions.com

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