Prestige Estates Projects Ltd Share Price – NSE  / BSE

Realty, Small Cap

In the June 2026 quarter, the company has registered sales volume of 6.04 million square feet (down 36.8% YoY) and has sold 3,337 units (down 29.3% YoY).

Prestige Estates said that Hyderabad was the largest contributor to quarterly sales, accounting for 49% of total sales, followed by Bengaluru (27%), Mumbai (12%), NCR (7%) and other markets (5%).

The company achieved an average realization of Rs 11,193 per square foot for apartments in Q1 FY27, which is lower by 16.1% on year-on-year (YoY) basis. The average realization for plotted developments, however, increased by 9.5% YoY to Rs 8,043 per square foot.

The average realizations for the quarter primarily reflect the geographical mix of sales, with Hyderabad accounting for nearly half of the quarterly sales following the successful launch of Prestige Golden Grove.

Collections for the quarter added up to Rs 4,802.2, up 6.2% from Rs 4,522.7 crore recorded in the same period last year.

During the quarter, the company launched four projects with a combined developable area of 20.16 million square feet, and a GDV of approximately Rs 12,000 crore for the residential projects. The company completed three projects during the quarter with a total developable area of 4.37 million square feet.

The commercial office portfolio continued to witness healthy demand, with gross leasing of 1.5 million square feet during the quarter. As of June 2026, exit rentals for the commercial portfolio stood at Rs 756 crore.

The retail portfolio continued its strong momentum, with gross turnover (GTO) across malls reaching Rs 737 crore, representing an 18% year-on-year growth. The company's malls recorded footfalls of 5.2 million during the quarter. As of June 2026, exit rentals for the retail portfolio stood at Rs 277.6 crore.

Irfan Razack, chairman and managing director, Prestige Group said: ?We are pleased with the strong start to FY27, led by the excellent response to Prestige Golden Grove in Hyderabad.

Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum.?

Prestige Group is one of India?s leading and most diversified real estate developers. As of March 2026, the group has delivered 316 projects spanning 212 million square feet and currently has a pipeline of 135 projects across 227 million square feet.

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Prestige Group, in partnership with Bengaluru Airport City (BACL), today announced a landmark integrated destination within Bengaluru Airport City that will bring together business, hospitality, culture, and experiences in one seamlessly connected ecosystem. Anchored by a state-of-the-art convention centre, the development marks a significant milestone in the evolution of Bengaluru Airport City as a vibrant urban destination.

Designed as a world-class business, hospitality and cultural hub, the development brings together an iconic convention and exhibition centre, luxury hotels under the globally renowned St. Regis brand and Marriott Marquis brand, premium office space, and curated food and beverage experiences within a seamlessly connected urban environment.

Located within Bengaluru Airport City, the project is poised to serve a diverse mix of global travellers, event organisers, corporations, visitors, and residents. By combining world-class infrastructure with hospitality, commercial, and cultural offerings, it strengthens Bengaluru's appeal as a global gateway while advancing the vision of the Airport City as a dynamic centre for commerce, collaboration, and experiences.

Revenue from operations jumped 166.5% YoY to Rs 4,073.80 crore for the quarter ended 31 March 2026.

On a sequential basis, net profit increased 12.35%, while revenue rose 5.19% compared with the previous quarter.

Profit before tax (PBT) stood at Rs 412.70 crore in Q4 FY26, registering a growth of 373.82% YoY and 48.29% quarter-on-quarter. EBITDA rose 85% YoY to Rs 1,115.2 crore during the quarter.

The company said it had earlier reported its highest-ever operational performance, with sales of Rs 3,00,245 million and collections of Rs 1,85,146 million for FY26, underscoring continued demand strength and healthy cash flow generation across its portfolio.

For the full financial year FY26, Prestige Estates reported a 155.72% increase in consolidated net profit to Rs 1,195.5 crore, while revenue from operations climbed 72.60% YoY to Rs 12,685.4 crore.

Irfan Razack, Chairman and Managing Director, said: ?FY26 has been a landmark year for Prestige, marked by our highest-ever sales and collections alongside strong growth in revenue and profitability. These results reflect the strength of our brand, the trust of our customers, and our ability to execute consistently across markets and asset classes.

We continue to see encouraging demand across our residential business while simultaneously expanding our footprint across commercial, retail, hospitality, and mixed-use developments. Our operational performance during the year gives us confidence as we move into the next phase of growth with a robust launch pipeline across key geographies.

Backed by strong fundamentals, disciplined execution, and a diversified development portfolio, we remain focused on creating long-term value for all stakeholders.?

Meanwhile, the board of Prestige Estates Projects has recommended a final dividend of 20% (Rs 2 per equity share of face value Rs 10 each) for the financial year ended 31 March 2026, subject to shareholders? approval at the company?s upcoming 29th Annual General Meeting (AGM).

Prestige Group has a diversified real estate portfolio spanning residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet.

The counter rose 0.65% to Rs 1,394 on the BSE.

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Prestige Estates Projects announced that the Board of Directors of the Company at its meeting held on 21 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.