Real estate stocks fell after Morgan Stanley estimated a decrease of nearly 38%of FY25.
In the Wednesday trading session, Morgan Stanley plans 38 % miss to RS’s FY25 Presales goal, and one of India’s best real estate developers focus on BSE. 24,000 crores.
Price movement
With the market cap of RS. 52,062.3 crores, 02:48 pm, stock Prestige Estates Projects Limited I was trading red from RS. Compared to the previous closing price of the RS, it was reduced by 1,208.7, about 1 %. 1,221.25. The stock provided almost 5 %positive profits for a year, and about 27 %of negative revenue earned a year -on -year revenue.
What is the news?
According to sources, Morgan Stanley presumes that Prestige Estates will not be at the RS’s FY25 Presales goal. 24,000 people are almost 38 %. If this prediction is found to be accurate, sales growth can be slower than expected by real estate developers in the current fiscal year.
In February, IRFAN RAZACK, CMD of Prestige Group, expressed confidence that the company will achieve R. Despite the decline in total sales for the first nine months of fiscal year, the goal of 24,000 crore pre-SALES.
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Q3 FY25 operating highlights
Despite the fact that there is no new release during the quarter, Prestige Group has achieved RS sales. 3 Q3 3,013.5 crosses in fiscal year and 888 units. The company maintained a strong price with the RS average realization. 13,684 people per square foot, RS’s healthy collection. 3,257.5 cross during the quarter.
The average realization of the period was in RS. 13,128 per square foot, and the collection was strongly maintained in RS. 8,910.9 crores. The sales performance continued to be converted due to the significant contributions of Bengal Ruru, Mumbai and Hyderabad.
Financial performance
Prestige Estates decreased in RS by 8 % year -on -year. 1,796 cross 3Q FY24 ~ RS. 1,654 cross 3Q FY25.
Similarly, the company’s net profit decreased in RS for the same period. 165 crores to rs. 32 CRORES shows a decrease of about 80.6 %. The company recognized the loss of RS’s Mark Two Market. 58.4 FY25 q3 58.4 cross for the retention of Reit during FY25 (Q3 FY24 compared to the benefit of 80.1 crores recognized during the period).
Major financial ratio
In terms of major financial indicators, the Prestige Estates project has a 12.9 %equity return (ROE) and a 14.9 %capital return (ROCE). In addition, the P/E ratio of the stock is 89.8, the industry’s P/E ratio is 31, and the ratio of debt is 0.75.
About the company
Prestige Estates Projects Limited is engaged in real estate development and related activities. The company follows a variety of business models in several sectors, including residential, office, retail, hospitality, real estate management and warehouses operated in more than 12 major areas across India.
It was written by SHIVANI SINGH
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