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Nirmal Bang Report
Prestige Estate Projects Ltd. reported an increase of 4.7% QoQ in Q2 FY22 Ebitda margin to 29.1% mainly due to-
pre-sales volume increasing from 1.10 million square feet in Q1 FY22 to 3.56 million square feet in Q2 FY22; in absolute terms, pre-sales grew by 187% QoQ to Rs 21.1 billion, of which Prestige Estate Projects’ share was Rs 17.6 billion in Q2 FY22,
leasing and rental run-rate was up by 30% QoQ, which stood at 0.58 million square feet and Rs 779 million, respectively in Q2 FY22,
collections were healthy and showed an increase of 52% QoQ to Rs 15.5 billion in Q2 FY22.
Prestige Estate Projects' net profit for Q2 FY22 stood at Rs 937 million versus Rs 925 million in Q1 FY22, an increase of 1.3% QoQ, led by-
decline in raw material cost by 24.7% QoQ to Rs 6,352 million in Q2 FY22,
decline in tax expenses by 4% QoQ to Rs 485 million in Q2 FY22.
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