Prestige Estates Projects Limited announced unaudited standalone financial results for the fourth quarter and standalone and consolidated financial results for the year ended March 31, 2013. For the quarter, the company reported on standalone basis total income from operations of INR 5,597.2 million against INR 2,021.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,233.2 million against INR 603.5 million a year ago. Profit from operations before tax was INR 1,253.0 million against INR 578.5 million a year ago. Net profit for the period was INR 890.3 million or INR 2.59 per diluted share against INR 382.8 million or INR 1.17 per diluted share a year ago. For the year, the company reported on standalone basis total income from operations of INR 15,123.7 million against INR 7,454.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,843.9 million against INR 2,044.4 million a year ago. Profit from operations before tax was INR 3,886 million against INR 1,816.9 million a year ago. Net profit for the period was INR 2,760.7 million or INR 8.32 per diluted share against INR 1,290.7 million or INR 3.93 per diluted share a year ago. For the year, the company reported on consolidated basis total income from operations of INR 19,476 million against INR 10,522.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,109.3 million against INR 2,360.9 million a year ago. Profit from operations before tax was INR 4,255.8 million against INR 1,510.3 million a year ago. Net profit for the period was INR 2,859.7 million or INR 8.62 per diluted share against INR 826 million or INR 2.52 per diluted share a year ago.

Prestige Estates Projects Limited has informed that the Board of Directors of the company at its meeting held on May 21, 2013, has recommended a dividend of INR 1.20 per equity share (12% of face value of equity share) for the fiscal 2013. The payment of dividend is subject to the approval of the shareholders in the annual general meeting of the company.

Prestige Estates Projects Limited, Board Meeting, May 21, 2013. Agenda: To consider unaudited standalone financial results for the fourth quarter and standalone and consolidated financial results for the year ended March 31, 2013; and to recommend dividend, if any, on equity shares for the year ended March 31, 2013.