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Informist, Friday, May 22, 2026

 

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--Prestige Estates: Aim 15-20% revenue, collections growth in FY27 
--CONTEXT: Comments by Prestige Estates' mgmt in post-earnings analyst call 
--Prestige Estates: Expect to face high base effect in FY27 
--Prestige Estates: Aim 3-4 projects of INR 50 bln gross development value Q1 
--[I] Prestige Estates: To launch Noida Bougainvillea project in Q2 
--Prestige Estates: Expect construction workers to return by June 1st wk 
--Prestige Estates: No commodity shortage currently, but pricing up 
--Prestige Estates: Aiming at 25?ITDA margin in FY27

 

By Avishek Rakshit & Shruti Nair

 

KOLKATA/MUMBAI – After reporting exorbitantly high revenue growth of 73% for the year ended March, Prestige Estates Projects Ltd. is expecting its top line and collections growth to moderate to 15-20% in the financial year 2026-27 (Apr-Mar), a top company official said Friday.

 

"Going forward, the base is very large, but I do believe that there is more scope, more room for growth. So, I believe that we should look at a growth between 15% (and) 20%," Irfan Razack, chairman and managing director, told sector analysts in a post-earnings call. 

 

For FY26, Prestige Estates reported a consolidated net profit of INR 11.96 billion, up 156% on year, while its revenue rose around 73% to INR 126.85 billion on robust project execution, sustained demand, and healthy operational momentum across major markets. This created a strong base which the company will face in FY27.

 

"On the collections side, a similar 15-20% growth will be there," Razack said.

 

While sector analysts were sceptical of future demand for real estate considering the layoffs in the information technology sector and further layoffs as artificial intelligence gathers steam, Razack said demand for real estate has been strong and he does not expect any slowdown in demand. Employees from the IT sector are key customers for Prestige Estates.

 

"We have been very cognisant of what the appetite is, and we've also been designing products to not exceed a certain ticket price. So as long as we're selling within that region (pricing), I think sales will be very healthy. And the mid-income is always evergreen," he said.

 

In the current quarter, Prestige Estates aims to complete 3-4 projects which will have a total gross development value of INR 50 billion. Its mega hotel project in Delhi-National Capital Region is expected to open during Diwali and the premium luxury residential project in Noida, christened Bougainvillea Gardens, is expected to be launched in Jul-Sept.

 

Razack said that owing to the war in West Asia, the company has been facing a surge in input costs, but there is no shortage of construction materials. However, he is concerned about a further increase in input costs and about availability of key building materials if the conflict escalates or even drags on for a long time.

 

Construction activity is also gathering steam as workers who had returned to their home states to cast their votes in the assembly elections are also returning. "More than the West Asia conflict, we had an election in the northeast in India. So about one month, all our labour had gone for elections. Now, the good news is they have started coming back and I think by first week of June, they will all come back," Razack said.

 

The managing director expects Prestige Estates to report an earnings before interest, tax, deprecation, and amortisation margin of 25% in the current financial year. Friday, the company's shares closed at INR 1,388.50 on the National Stock Exchange, up marginally from Thursday.  End

 

Edited by Rajeev Pai

 

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