Prestige Estates Q4 sales rise 48% to Rs 7K cr, FY25 bookings fall 19%

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Prestige Estates Q4 sales rise 48% to Rs 7K cr, FY25 bookings fall 19% - Business Standard

Quick Summary:

The company's sales bookings stood at Rs 6,957.4 crore in the January-March quarter of the last fiscal, an increase of 48 per cent year-on-year (y-o-y).Sales volume stood at 4.49 million square feet, a 9 per cent increase Y-o-Y.

Realty firm Prestige Estates Projects Ltd sales bookings rose 48 per cent to nearly Rs 7,000 crore in January-March quarter, but pre-sales declined 19 per cent to over Rs 17,000 crore in the last fiscal.

Prestige Estates attributed the fall in annual sales bookings numbers to lower launches of housing projects due to a lack of approvals from development authorities.