Earnings Review
Prestige Estates Q3 PAT up nearly 13-fold on higher revenue
This story was originally published at 23:29 IST on 29 January 2026
Register to read our real-time news.Informist, Thursday, Jan. 29, 2026
Please click here to read all liners published on this story
--Prestige Estates Oct-Dec consol net profit INR 2.23 bln
--Analysts saw Prestige Estates Oct-Dec consol net profit at INR 4.23 bln
--Prestige Estates Oct-Dec consol revenue INR 38.73 bln
--Analysts saw Prestige Estates Oct-Dec consol revenue at INR 32.19 bln
--Prestige Estates Oct-Dec consol PAT INR 2.23 bln vs INR 177.00 mln yr ago
--Prestige Estates Oct-Dec consol revenue INR 38.73 bln vs INR 16.55 bln
--Prestige Estates Apr-Dec consol PAT INR 9.45 bln vs INR 4.43 bln yr ago
--Prestige Estates Apr-Dec consol revenue INR 86.12 bln vs INR 58.21 bln
By Prateem Rohanekar
MUMBAI – Prestige Estates Projects Ltd. posted a sharp rise in its net profit for the December quarter as its revenue rose faster than its expenses. However, the company's bottom line still underperformed compared with the Street's expectations, while the revenue surpassed the consensus estimate.
The company posted a consolidated net profit of INR 2.23 billion for the reporting quarter, up nearly 13-fold from the INR 177 million reported a year ago. Analysts saw the company's bottom line at INR 4.23 billion.
The company posted a consolidated revenue of INR 38.73 billion for the December quarter, up over twofold from INR 16.55 billion a year ago. Analysts saw the company's revenue at INR 32.19 billion.
The company's total income was INR 38.90 billion for the reporting quarter, up over twofold from nearly INR 17 billion a year ago. The company posted total expenses of INR 36.30 billion for the December quarter, over twofold higher from INR 16.14 billion a year ago. Increased contractor cost and land cost drove the company's total expenses. The contractor cost was INR 20.55 billion for Oct-Dec, up more than 97% from INR 10.42 billion a year ago. The company's land cost was INR 9.40 billion for the reporting quarter, up over twofold from INR 4.51 billion in the year-ago quarter. Other costs such as purchase of material and finance costs grew over 16% on year and over 11% on year, respectively. The company assessed no impact of the labour codes in its financial results.
The company reversed a deferred tax provision of INR 797 million due to the changes to capital gains tax rules in the budget for 2025-26 (Apr-Mar). The company's current tax liability was INR 1.13 billion, down 53% sequentially from INR 2.42 billion.
The company's consolidated net profit for the nine months to December was INR 9.45 billion, up 113% on year from INR 4.43 billion a year ago. The company's revenue for the nine months was INR 86.12 billion, up nearly 48% from INR 58.21 billion last year.
The company reported its earnings for the December quarter after market hours. Thursday, shares of Prestige Estates closed 0.4% higher at INR 1,427.50 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
