ThinkStock PhotosMotilal Oswal has buy call on Prestige Estates Projects Ltd. with a target price of Rs 900. The current market price of Prestige Estates Projects is Rs 721.55.
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 28912.15 Crore) operating in Real Estate sector.
Prestige Estates Projects Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Sale of services, Other Services, Project Management Fees and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 1966.30 Crore, down -33.07 % from last quarter Total Income of Rs 2938.00 Crore and down -2.26 % from last year same quarter Total Income of Rs 2011.80 Crore. Company has reported net profit after tax of Rs 322.10 Crore in latest quarter.
Promoters held 65.48 per cent stake in the company as of 30-Jun-2023, while FIIs owned 20.68 per cent, DIIs 11.27 per cent.
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 28912.15 Crore) operating in Real Estate sector.
Prestige Estates Projects Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Sale of services, Other Services, Project Management Fees and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 1966.30 Crore, down -33.07 % from last quarter Total Income of Rs 2938.00 Crore and down -2.26 % from last year same quarter Total Income of Rs 2011.80 Crore. Company has reported net profit after tax of Rs 322.10 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 65.48 per cent stake in the company as of 30-Jun-2023, while FIIs owned 20.68 per cent, DIIs 11.27 per cent.
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