Prestige Estates Projects Ltd 2021 AR2
The report highlights Prestige Estates Projects Limited's performance for the fiscal year 2020-21, showcasing record sales of INR 54,608 million and collections of INR 50,752 million despite pandemic challenges. The company successfully completed Phase 1 of its capital recycling program with Blackstone Group, significantly deleveraging its balance sheet and reducing its debt-to-equity ratio to 0.19x. Prestige expanded its footprint into high-potential markets like Mumbai and NCR, with a development pipeline exceeding 150 million square feet. Additionally, the company demonstrated strong community commitment through extensive COVID-19 relief initiatives, including distributing meals and vaccinating over 19,000 employees and their families.
Company: Prestige Estates Projects Ltd
Sector: Real Estate
Country: India
Year: 2021
Type: AR2
Pages: 280
Prestige Estates Projects Ltd
Annual Report
The report highlights Prestige Estates Projects Limited's performance for the fiscal year 2020-21, showcasing record sales of INR 54,608 million and collections of INR 50,752 million despite pandemic challenges. The company successfully completed Phase 1 of its capital recycling program with Blackstone Group, significantly deleveraging its balance sheet and reducing its debt-to-equity ratio to 0.19x. Prestige expanded its footprint into high-potential markets like Mumbai and NCR, with a development pipeline exceeding 150 million square feet. Additionally, the company demonstrated strong community commitment through extensive COVID-19 relief initiatives, including distributing meals and vaccinating over 19,000 employees and their families.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Published
Sep 4, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees