In an interview to CNBC-TV18, Irfan Razack, CMD, Prestige Estates, said the average realization stands at Rs 5,800 per sq ft against Rs 6,200 /sq ft on a quarter-on-quarter basis.
Two launches in Bangalore and one in Kochi to add to topline soon.
Irfan Razack
CMD
Prestige Estates
With this, Prestige Estates has achieved 50 percent of its FY15 sales, collection and launch targets. The company has an extensive launch pipeline in Hyderabad, Cochin and Bengaluru and delivery schedule of 10 msf in the fourth quarter.
In an interview to CNBC-TV18, Irfan Razack, CMD, Prestige Estates, said the average realization stands at Rs 5,800 per sq ft against Rs 6,200 /sq ft on a quarter-on-quarter basis. The company had launched Leela Residences in the second quarter.
Though he did not revise the numbers, Razack is confident of surpassing Rs 5,000-crore sales guidance for FY15. The real estate firm is coming up with two launches in Bangalore and one in Kochi, which it expects to add to the topline soon.
Prestige Estate stock price
On October 16, 2014, at 14:15 hrs Prestige Estates Projects was quoting at Rs 225.55, up Rs 1.05, or 0.47 percent. The 52-week high of the share was Rs 270.00 and the 52-week low was Rs 123.35.
The company's trailing 12-month (TTM) EPS was at Rs 9.53 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 23.67. The latest book value of the company is Rs 79.90 per share. At current value, the price-to-book value of the company is 2.82.
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