Hot Pursuit     09-Aug-23
Prestige Estates Q1 PAT rises 30% YoY to Rs 267 cr
Prestige Estate Projects' consolidated net profit jumped 30.26% to Rs 266.9 crore in Q1 FY24 as compared with Rs 204.9 crore in Q1 FY23.
Revenue from operations declined 13.29% to Rs 1,680.9 crore in Q1 FY24 as compared with Rs 1,938.5 crore in Q1 FY23.

EBITDA grew 14.08% YoY to Rs 526.7 crore in Q1 FY24 while EBITDA margin stood at 31% during the period under review.

Sales volume in the first quarter stood at 3.83 million square feet. Collections improved by 28% YoY to Rs 2,740.8 crore in Q1 FY24.

Prestige Group has a diversified business model across residential, office, retail, and hospitality segments with operations in 12 key locations in India.

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