PRESTIGENSEPrestige Estates Projects Limited· ConstructionMinimalNeutral
Announced Tue, 19 Aug · 16:20 IST

Prestige Estates Projects Limited has informed the Exchange regarding submission of Business Responsibility and Sustainability Report.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Prestige Estates Projects Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to NSE and BSE, as required under SEBI's Listing Regulations. The report was independently assured by Vinay and Keshava LLP with reasonable assurance on BRSR core indicators covering GHG emissions, water, energy, waste, employee safety, gender diversity, and data privacy. Key business metrics disclosed include standalone revenue of Rs 28,730 Mn, net worth of Rs 118,569 Mn, and consolidated revenue of Rs 73,494 Mn. The company employs 9,508 people (19.1% female), has 41 differently-abled employees, and reported a 14.80% permanent employee turnover rate. The Chairman's statement highlights plans to launch 44.8 Mn sq. ft. of new developments with an estimated Gross Development Value (GDV) of Rs 421,202 Mn in FY 2025-26, across Bengaluru, Mumbai, Chennai, and NCR.

Likely market impact

This is a routine annual regulatory compliance filing with no direct impact on stock price. However, it reinforces the company's ESG transparency and discloses forward-looking growth plans worth over Rs 4.21 lakh crore in GDV, which may be of interest to investors tracking the company's expansion pipeline.