Prestige Estates Projects (PRESTIGE) Q4 23/24 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹94,253 Mn in FY24, up 7% year-over-year, with net profit rising 53% to ₹16,287 Mn and EBITDA margin expanding to 42.93% from 28.99% last year.

• Delivered highest-ever annual sales of ₹210,403 Mn (up 63% YoY), collections of ₹119,544 Mn (up 22% YoY), and area sold of 20.25 mn sft (up 34% YoY).

• Launched 40.19 mn sft of projects (up 52% YoY) and completed 25.55 mn sft (up 63% YoY).

Financial highlights

• Consolidated revenue: ₹94,253 Mn (FY24) vs ₹87,720 Mn (FY23), up 7%.

• EBITDA: ₹40,466 Mn (FY24) vs ₹25,433 Mn (FY23), up 59%.

• Net profit: ₹16,287 Mn (FY24) vs ₹10,668 Mn (FY23), up 53%.

• EPS: ₹34.28 (FY24) vs ₹23.49 (FY23).

• Net worth: ₹1,10,091 Mn (FY24) vs ₹91,151 Mn (FY23).

• Gross block: ₹131,776 Mn (FY24) vs ₹126,247 Mn (FY23).

• Debt-equity ratio: 0.62 (FY24) vs 0.59 (FY23).

Outlook and guidance

• Pipeline of launches worth ₹60,000 Cr, spanning 60 mn sft, across major Indian cities.

• Focus on expanding presence in NCR, Mumbai, Chennai, and Hyderabad with new mixed-use and residential projects.

• Continued emphasis on sustainability, digital transformation, and operational excellence.