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Informist, Tuesday, Nov. 11, 2025

By Arundathi A R

MUMBAI - Prestige Estates Projects Ltd. is expected to report a double-digit on-year increase in its top line and bottom line for the September quarter, according to brokerages tracking the company. The two key metrics are expected to rise due to higher bookings, driven by four new launches during the quarter.

Prestige Estates is likely to post a consolidated net profit of INR 2.21 billion for the September quarter, according to the average of estimates from four brokerages. This would mean a rise of over 15% on year but a fall of over 24% sequentially. The bottom line is seen falling sequentially in the September quarter after the company reported a nearly 12-time rise in the June quarter. The company is likely to post consolidated net sales of INR 25.59 billion for the September quarter, up over 11% both on year and on quarter, according to the estimates.

The highest estimate for Prestige Estates' September quarter net profit is INR 3.03 billion from Motilal Oswal Financial Services Ltd. and the lowest estimate is INR 917 million from Kotak Securities Ltd. The highest estimate for net sales is INR 28.06 billion from Motilal Oswal while the lowest is INR 21.38 billion from Kotak Securities.

The Bengaluru-based real estate major launched four residential projects totalling 3.87 million square feet, with a gross development value of INR 40 billion, during the September quarter. The launches included one project in the Delhi-National Capital Region and three in Bengaluru. The company also completed two residential projects in Bengaluru during the quarter, bringing total completions for the half year till September to 7.99 million square feet.

Prestige Estates recorded sales of INR 60.17 billion for the September quarter, marking a 50% on-year increase, driven by strong demand across markets and segments, the company said in its business update. It sold 2,069 units during the reporting quarter, translating into sales volume of 4.42 million square feet, up 47% on year. Collections for the quarter rose 54% on year to INR 42.13 billion.

However, the company's sales growth and total units sold in the September quarter were lower compared to its strong performance in the June quarter. In the June quarter, Prestige Estates had reported a 300% on-year jump in sales to an all-time high of INR 121.3 billion, with 4,718 units sold. This translated into sales volume of 9.6 million square feet, up 234% on year in the June quarter. Collections during the June quarter had also risen 55% on year to INR 45.2 billion.

"We expect healthy pre-sales of INR 62 billion, aided by sustenance sales and launches of Prestige Greenbrook plots, Autumn Leaves plots, Crystal Lawns, TPC Indirapuram Phase 3, and Pallavaram Gardens Chennai," Kotak Securities said. However, the brokerage expects the company's top line to fall 7% on year and 7% sequentially to INR 21 billion, primarily due to lower residential revenues and modest contribution from the hospitality segment.

Prestige Estates offers a diverse portfolio of residential, commercial, retail, and hospitality projects and currently has 56 projects in the pipeline. The company announced the launch of its new residential project, Prestige Garden Trails, located along the Dahisar-Mira Road corridor on the Western Express Highway in Mumbai.

The company is projected to report consolidated earnings before interest, tax, depreciation, and amortisation of INR 8.27 billion for the September quarter according to the average of estimates. The highest estimate for the company's EBITDA is INR 9.21 billion from HDFC Securities Ltd. and the lowest estimate is INR 7.53 billion from Motilal Oswal. Kotak Securities expects the company to post an EBITDA margin of 35.2% for the quarter, up 783 basis points on year but down 352 bps on quarter.

Prestige Estates will announce its earnings for the September quarter Wednesday. At 1438 IST, shares of the company were 0.7% higher at INR 1,763.10 on the National Stock Exchange. Since reporting its June quarter earnings on Aug. 5, the company's shares have risen by over 9%.

There are 10 research reports on the stock available with Informist and all have a 'buy' rating, with an average target price of INR 2,003.

Following are the Jul-Sept earnings estimates for Prestige Estates, in INR million, from four brokerages in descending order of the estimate of net profit: 

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Edited by Subhojit Sarkar

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