• Revenue recognition: Margins were impacted by front-ended project expenses versus back-ended revenue, leaving approximately ₹65,000 crore worth of pre-sold property revenue unrecognized due to accounting norms.
• Growth outlook: After revenue jumped from ₹17,000 crore to an elevated base of ₹30,000 crore, Prestige conservatively expects a growth rate of 15% to 20%.
• Labor availability: Operations are currently running at approximately 60% labor strength due to election and festival travel, with full capacity expected to restore by the first week of June.
• Launches and pricing: The April launch of Prestige Golden Grove in Tellapur, Hyderabad saw strong demand, while management is closely monitoring geopolitical tensions and commodity costs in case price increases become necessary.