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Informist, Friday, May 22, 2026

 

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--Prestige Estates Jan-Mar consol net profit INR 2.50 bln 
--Analysts saw Prestige Estates Jan-Mar consol net profit at INR 3.27 bln 
--Prestige Estates Jan-Mar consol revenue INR 40.74 bln 
--Analysts saw Prestige Estates Jan-Mar consol revenue at INR 33.82 bln 
--Prestige Estates Jan-Mar consol PAT INR 2.50 bln vs INR 250 mln yr ago 
--Prestige Estates Jan-Mar consol revenue INR 40.74 bln vs INR 15.28 bln 
--Prestige Estates to pay INR 2 per share final dividend 
--Prestige Estates to issue NCDs worth up to INR 20 bln  via pvt placement 
--Prestige Estates FY26 consol PAT INR 11.96 bln vs INR 4.68 bln yr ago 
--Prestige Estates FY26 consol revenue INR 126.85 bln vs INR 73.49 bln 
--Prestige Estates Jan-Mar consol EBITDA INR 11.15 bln, up 85% on yr 
--Prestige Estates Q4 launched projects of 8 mln sq ft development area 
--Prestige Estates Q4 completed projects of 5.51 mln sqft development area 

 

By Ashutosh Pati

 

MUMBAI – Prestige Estates Projects Ltd. posted robust numbers for the March quarter, with significant growth in both its bottom line and top line, driven by robust project execution, sustained demand, and healthy operational momentum across major markets. The company's top line was comfortably higher than the Street's expectations, but its net profit missed estimates. Both the metrics showed growth for the fourth straight quarter.

 

Prestige Estates reported a consolidated net profit of INR 2.50 billion for the March quarter, up tenfold from a year ago but missed analysts' expectations of INR 3.27 billion. Its revenue more than doubled on year to INR 40.74 billion, and was higher than expectations of INR 33.82 billion. Sequentially, the company's net profit was up just over 12% and its revenue was up just above 5%.

 

The company's earnings before interest, tax, depreciation, and amortisation rose 85% on year to INR 11.15 billion for the quarter. Its EBITDA margin was 26.91% for the March quarter. "We continue to see encouraging demand across our residential business while simultaneously expanding our footprint across commercial, retail, hospitality, and mixed-use developments," Chairman and Managing Director Irfan Razack said in a press release. "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," Razack said.

 

 

The company's total expenses also more than doubled on year to INR 36.96 billion for the March quarter, led by a sharp a rise in contractor costs and finance costs. Its expenses on contractors rose to INR 23.71 billion while finance costs were up 50% on year at INR 4.30 billion. The company's other expenses rose over 4% on year to INR 9.03 billion. However, its costs on land acquisition fell 38% on year to INR 14.81 billion for the quarter.

 

Prestige Estates launched projects of 8 million square feet development area during the March quarter and completed projects of 5.51 million square feet development area. The company's average realisation on apartments and villas rose 7% on year to INR 16,569 per square feet during the quarter. Average realisation on plots rose 15% on year to INR 8,005 per square feet.

 

For 2025-26 (Apr-Mar), the company reprted a consolidated net profit of INR 11.96 billion, up 156% on year. Its revenue rose around 73% to INR 126.85 billion for the year. The company will pay INR 2 per share final dividend. It will issue non-convertible debentures worth up to INR 20 billion on a private placement basis. Its board also approved the redesignation of Uzma Irfan as whole-time director for five years effective Thursday.

 

Prestige Estate declared its March quarter results late Thursday. Its shares closed a tad lower at INR 1,385.60 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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