Prestige Estates surges 8%, hits life-time high on record Q3 sales

The company registered highest ever quarterly sales of Rs 4,267 crore, up 111 per cent year on year (YoY) during October-December quarter (Q3FY22).

Shares of Prestige Estates Projects hit a record high at Rs 553.40, on rallying 8 per cent on the BSE in Tuesday’s intra-day trade after the real estate company said it registered highest ever quarterly sales of Rs 4,267 crore, up 111 per cent year on year (YoY) during October-December quarter (Q3FY22).

The company  also its clocked highest ever collections of Rs 2,431.6 crore, up 70 per cent YoY during Q3FY22 backed by the heightened response to newly launched projects viz. Prestige Avalon, Aspen & Eden Park, part of The Prestige City, Bengaluru, Prestige Beverly Hills, Hyderabad and the