Prestige Estates Pro News

Announcement under Regulation 30 of SEBI (LODR) - Investor Meet

In 2013, Valor Estate’s subsidiary Goregaon Hotel & Realty Pvt Ltd (GHRPL) had entered into an agreement with a consortium led by a hydro-mechanical engineering services company Om Metals to develop this project. Om Metals Consortium had secured the approval to develop this project from the Maharashtra Housing and Area Development Authority in 2006.

India saw an influx of up to $3 billion in August due to MSCI's adjustments to its indices. HDFC Bank's weight was increased, and restrictions on Adani Group stocks were lifted. Seven cos joined the global standard index, boosting India's weight in the emerging markets index to 20%.

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 66903.81 Crore) operating in Real Estate sector.

Axis Securities highlighted Prestige Estates' strong financial performance and diversified business model. With record pre-sales and collections in FY24, Prestige eyes significant free cash flows from ongoing and upcoming projects. The company's projected launch for FY25 is expected to bring Rs 59,000 crore in revenue, maintaining a debt-to-equity ratio of 0.66.

Transcript of Investor/Analyst call held on August 1, 2024

Revised Investor Presentation

Investor Presentation

ln accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find below the schedule of analyst / institutional investor meet / call (s):Date:- August 6, 2024 to August 23, 2024Particulars of Investor/ Event:- One on One meetings / Group Investor meetings Venue:- India / Hongkong / Singapore / United Kingdom / United StatesMode:- Virtual / In person

Newspaper publication of Financial Results for the quarter ended June 30, 2024

Audio Recordings of Analyst/Investor call held on August 01, 2024

Total income rose to Rs 2,024.5 crore in the April-June period of 2024-25 fiscal year from Rs 1,966.3 crore in the corresponding period of the previous year, according to a regulatory filing on Wednesday.

Appointment of Mr. T Srikanth Bhagavat as Non-Executive Independent Director of the Company for period of five years and re-appointment of Mr. Irfan Razack, Chairman and Managing Director, Mr. Rezwan Razack, Join Managing Director and Mr. Noaman Razack, Whole Time Director for period of five years.

Investor Presentation on the financial results for the quarter ended June 30, 2024

Financial Results for the quarter ended June 30, 2024

Board Meeting Outcome for Financial Results for the quarter ended June 30, 2024

Disclosure of voting results and Scrutinizer''s Report on the Postal Ballot Notice

Outcome of Voting results for the Postal Ballot Notice

As the dust around the Union Budget 2024 settles down, potential losers in the market as a result of announcements or rather lack of it, are coming to the fore.

Favorable announcements in the housing sector could boost stocks of realty, cement, and housing finance companies. Credit ratings agency CareEdge predicts the government will increase funding for affordable housing schemes, driving construction and employment.

PRESTIGE ESTATES PROJECTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2024 ,inter alia, to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2024

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Issuance of Corporate Guarantee to Subsidiary

Indian real estate market saw deals worth USD 1.56 billion during April-June 2024, a nearly eight-fold increase from the preceding quarter, according to Grant Thornton Bharat. This surge, driven by four high-value transactions and reflecting economic recovery, included 19 deals with substantial growth in both M&A and private equity investments

Jefferies upgraded TCS post Q1 earnings, increasing its target. UBS reviewed Zomato, Federal Bank, and ABB India. Morgan Stanley reaffirmed 'Buy' for Prestige Estates, while Axis Capital downgraded Vedant Fashions.

Domestic markets closed steady with focus on TCS, HCL Tech, Anand Rathi Wealth, and others for their first quarter results. Companies like RIL's Ethane Crystal LLC and Prestige Estates face challenges. GTPL Hathway shows growth in revenue. Oriental Rail Infra secures a significant order from Indian Railways. Adani Wilmar expands stake in OCIPL.

Realty firm Prestige Estates Projects Ltd has reported a 23 per cent decline in its sale bookings to Rs 3,029.5 crore in the first quarter of this fiscal on lower volumes due to delay in launches of new projects. Its sale bookings stood at Rs 3,914.7 crore in the year-ago period.

Prestige Estates Projects Limited experienced a 22% decrease in sales for Q1 FY25 at Rs 3029 crore, largely due to the general election and delays in project approvals. The sales volume decreased from 3.83 million square feet to 2.86 million square feet. Despite this, the company crossed a sales figure of Rs 3,000 crore.

Operations Update for the quarter ended June 30, 2024

In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).

Newspaper Publication - Postal Ballot Notice

Intimation of Closure of Trading Window

Postal Ballot Notice dated June 21, 2024

Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.

The Bengaluru-based company may either consider creating a real estate investment trust - which could be the first hotel REIT in India - or pursue an initial public offering to monetise the hospitality business. In April, ET was the first to report Prestige Estates' plan to monetise the business. "The firm is also currently evaluating to monetise its hospitality portfolio, which will lead to some value unlocking," Zaid Sadiq, executive director of hospitality at the Prestige Group had said. He could not be reached for comment.

The funds would be raised in one or more tranches. The company plans to monetise assets of the hospitality segment through Prestige Hospitality Ventures Limited, a wholly-owned subsidiary of the company, by way of the issue of shares (through primary or secondary markets or both).

Announcement under Regulation 30 for Qualified Institutional Placement

Outcome of Board Meeting for raising of funds through Qualified Institutional Placement and monetization of Hospitality Assets

Intimation of closure of trading window for the Board Meeting scheduled to be held on June 21, 2024.

PRESTIGE ESTATES PROJECTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/06/2024 ,inter alia, to consider and approve i. Fund Raising through qualified institutions placements (QIP), preferential issue, rights issue, private placement or any other formii. Monetization of assets in the Hospitality segment by way of issue of shares (through primary or secondary or both)

Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.