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Healthy double-digit sequential growth is expected in both revenue and earnings for the sector while softening input costs drive margin expansion.
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Net Sales are expected to increase by 0.5 percent Y-o-Y (down 30.3 percent Q-o-Q) to Rs. 1,351.7 crore, according to Yes Securities.
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Although overall earnings growth is expected to be strong, analysts expect it to be driven by a handful of sectors.
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Morgan Stanley has overweight call on the stock and raised price target to Rs 347 from Rs 320 as Prestige is a strong real estate brand in South India with steady growth visibility.
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Net Sales are expected to increase by 9.7 percent Y-o-Y (up 5.5 percent Q-o-Q) to Rs. 1,400 crore, according to HDFC Securities.
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Net Sales are expected to decrease by 19.1 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 888 crore, according to HDFC Securities.
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Prestige Estates Projects posted a good set of earnings in Q1 as revenues see a healthy jump. In an interview to CNBC-TV18, Irfan Razack, CMD of Prestige Estates spoke about the results and his outlook for the company.
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Brokerage houses are largely upbeat about the stock and highlighted the company’s efforts to sustain through a tough environment.
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Net Sales are expected to decrease by 9.5 percent Q-o-Q (down 1.8 percent Y-o-Y) to Rs 1120 crore, according to HDFC Securities. Prestige Estates to report net profit at 50 crore down 23.1% quarter-on-quarter.
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Speaking to CNBC-TV18, Irfan Razack, CMD of Prestige Estates said that the company will not be able to meet its FY17 new sales guidance and will have to scale it down.
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Net Sales are expected to decrease by 9.6 percent Q-o-Q (up 6.2 percent Y-o-Y) to Rs 1040 crore, according to HDFC Securities.
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Net Sales are expected to increase by 4.5 percent Q-o-Q (down 18 percent Y-o-Y) to Rs 987.4 crore, according to Kotak Securities.
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In an interview with CNBC-TV18, Irfan Razack, CMD of Prestige Estates said that the revenues fell due to less recognition in this quarter but he is confident to meet the sales guidance of Rs 3,250 crore in FY17.
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A number of large companies have posted results since the earnings season started Thursday last week.
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Mid-income housing is expected to grow strongly in FY17, says Irfan Razack, CMD of Prestige Estates.
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In an interview with CNBC-TV18, Irfan Razack, CMD, Prestige Estates Projects, spoke about the company's third quarter earnings and the fact that the company will all but miss its fiscal year 2016 launches and leasing guidance.
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Speaking to CNBC-TV18, Irfan Razack, CMD of Prestige Estates says Prestige launched its project Prestige Song of the South this quarter. This project of over 2,000 homes will help maintain the company‘s numbers.
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Irfan Razack, chairman and managing director Prestige Estates says the company has a strong launch pipeline for Q4.
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In an interview to CNBC-TV18, Irfan Razack, CMD of Prestige Estates, discusses the company‘s earnings and its plans ahead.
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On his outlook for the company's business, Irfan Razack, chairman and managing director, Prestige Estates Projects, says there is no slowdown in the Bangalore market and aims to concentrate on the phase 2 and 3 of its Lakeside Habitat project newt quarter.
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Speaking to CNBC-TV18, Irfan Razack, chairman and managing director, Prestige Estates Projects says the Q2 sales amounted to approximately Rs 1150 crore which includes both residential and commercial properties.
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After posting double standalone net profit, Prestige Estates Projects plans to launch a couple of new projects, says Irfan Razack, CMD of the company. He feels the realisations of the company that have crossed Rs 6,000 a square feet will be sustainable for FY14 as well.
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Emkay Global Financial Services has come with its June quarterly earning estimates for real estate sector. According to the research firm, Real Estate Q1FY13 results are expected to be mix.
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In an interview to CNBC-TV18 Irfan Razack, CFO, Prestige Estates Projects Limited spoke about the financial performance of the company and the road ahead.
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Prestige Estates Projects has declared its third quarter results. In an interview to CNBC-TV18, Venkat K . Narayana, chief financial officer of Prestige Estates Projects says, this year the company’s rental income should be around Rs 180-185 crore. “By 2014-2015, our overall rental portfolio will be around Rs 500 crore,” he adds.
