Prestige Estates Projects - Has Emerged As The Largest Realty Company: Geojit Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Geojit Research Report.Prestige Estates Projects Ltd. is India’s largest developer in terms of booking value for FY22. Much of the Prestige Estates’ growth is fueled by the projects in Bengaluru and Hyderabad. The company has embarked in to Mumbai and national capital region, and targeting aggressive growth in these geographies. Pre-sales increased from 1.1 million square feet in Q1 FY22 to 3.6 msf in Q1 FY23 (up 230% YoY) and we expect these healthy sales to continue. Management expects total annuity income to reach Rs. 1,000 crores in the next two-three years, up from Rs 250 crores now, and to triple in the long term. Hospitality segment witnessed a turn around (down 49% Ebitda margin in Q1 FY22 versus up 35% in Q1 FY23), aided by new additions and higher operating margins. We expect this trend to continue given opening up of economy and strong uptick in tourism and travel..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Prestige Estates Projects - Has Emerged As The Largest Realty Company: Geojit Initiates Coverage

Prestige Estates Projects - Has Emerged As The Largest Realty Company: Geojit Initiates Coverage

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