Prestige Share Price Target 2024-2030 Fundamentals & Quarterly Results

Prestige Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –One of India’s leading property developers is Prestige Estates. Equipping its customers with class period homes is what it does best. Having been around for a long time, it has a strong construction background marked by trustworthiness and speed in delivery. The same makes the future bright regarding Prestige share prices while at the same time helping the investor realize increased yields over time as shown by the graph indicating ROI progression over the past five years amidst speculations.

Latest Update -A consolidated net profit of Rs. 307 crore was observed in Prestige Estates Projects, a Bengaluru-based real estate company, in the first quarter of FY2025, which is 3.4 percent lower than the previous year period. However, during the first quarter of fiscal year 2025, the company’s revenue from operations was Rs. 1,862.1 crore compared to that from the last financial year’s first quarter of Rs 1680.9 crores.

Prestige Estates Overview

India is where Prestige Estate Projects has operations in various segments such as Residential, Office, Retail, Hospitality, Property Management, and Warehouses, with diversified business model across these segments.

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Prestige Business Profile

The Company is a leader in Bengaluru, with considerable engagement in Hyderabad and Chennai; moreover, it has mastered the art of operation at locations such as Kochi, Mangalore, Goa, Mysore, Pune, Mumbai, Ahmedabad, NCR and Udaipur in recent times.

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Residential

Company has finished building 120 residential units, which altogether cover an area of 90 million square feet. And within it now there are 32 other constructions going on which will have accumulated 37 million square feet upon completion while 14 more are in their initial phase: JavaScript codes or XML tags can be seen in between normal words and not otherwise.

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Commercial Offices

The company has finished 112 office ventures amounting to 36.22 mn sq. ft. In this sphere, it has 13 underway tasks for 19 mn Sq.ft and has 14 being planned projects over 25 mn sqft.

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Retail

A total of 7.08 mn sq.ft is what the company has in 10 retail projects. It currently has a total of 3 ongoing projects measuring 2.56 mn sq.ft and the 3 projects are at the planning stage

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Hospitality

The company develops distinctive hotels, resorts, spas, and serviced apartments. To farm this segment, Arrangement 8 projects with a total of 1262 keys have been concluded by the company. It has two ongoing projects under the same segment with 1229 keys and is contemplating 4 projects in this area with 367 keys.

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Revenue

Real estate developments (76%)– This segment include sales revenues of real estate development including both residential and commercial.

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Property rental and hire charges (15%) – It includes revenues from rent, sublease, commission and hiring.

Services (11%) – It includes revenues from the sale of services like Facilities, room rentals, food, beverages, maintenance income and other allied services.

Acquisition

Prestige Office Ventures purchased an interest of equivalent value to approximately 23 Rs crore in the equity of Shipco Infrastructure Pvt Ltd, which will be utilized for logistics and warehousing space within this limited liability company.

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Deals

A deal was made by the co. with Blackstone Group for selling of 100% equity in 6 office projects (including a hotel), 50% in 4 projects that were under construction, and 85% in 9 shopping malls which it has completed constructing across India. It is expected that the transaction process would be implemented in two stages. In March’21 the company completed the first phase of the transaction worth Rs. 7,467 crore out of a total value of Rs. 9,160 crores. complied fifteen assets including complete retail, office and hotel premise(properties).

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The second stage of the deal should be over between January and March 2022. Investment Property decreased from INR 6185.5 Crore on FY20 to INR 180 Crore as at FY21 while Cash and Cash Equivalent went up from INR 785.7 Crore in FY20 to INR 2346 Crores as a result of transferring some completed commercial and retail assets under Black Economic Ownership (BEO).

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Prestige Fundamentals & Quarterly Results

Prestige Quarterly Results

CAGR Report

Prestige Shareholding Pattern

Prestige Share Price Target 2024-2030 Forecast

PRESTIGE Share Price Target 2025

PRESTIGE Share Price Target 2026

PRESTIGE Share Price Target 2027

PRESTIGE Share Price Target 2028

PRESTIGE Share Price Target 2029

PRESTIGE Share Price Target 2030

Official Website – prestigeconstructions.com