Prestige Estates Projects Ltd. (PEPL) delivered 4QFY17 Net Profit beat of 73.3%. This was on account of robust completions and higher POCM. The impact of demonetization seems to be waning with PEPL reporting robust pre-sales of 0.73mn sqft with ~Rs5.2bn in value (realization of Rs7,190/sqft). The volume/value improved 32.7 /51.5% QoQ.