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Informist, Monday, Jul. 27, 2026

 

By Ashutosh Pati

 

MUMBAI – Prestige Estates Projects Ltd. is seen to have had a tough June quarter with its bottom line growth likely to be flat year-on-year, according to analysts. The company's revenue growth is expected to be the slowest in three quarters, mainly due to lower pre-sales over a high base of the year-ago quarter.

 

The real estate company is expected to post a consolidated net profit of INR 2.91 billion for the June quarter, broadly flat on year, as per the average of estimates from six brokerages. The highest estimate for the company's net profit is INR 4.89 billion from Ambit Capital Pvt. Ltd. and the lowest is INR 1.16 billion from Prabhudas Lilladher Pvt. Ltd.

 

Prestige Estates' revenues for the quarter are likely to rise nearly 35% on year to INR 31.14 billion, as per the average of the estimates. The highest estimate is INR 40.30 billion from Ambit Capital and the lowest is INR 27.23 billion from HDFC Securities Ltd. However, if the projections are met, this will be the lowest top line growth for the company in three quarters.

 

Even though the real estate player had some key launches in Hyderabad and Mumbai during the quarter, its pre-sales nearly halved on year to INR 65.79 billion from the record INR 121.26 billion in the year-ago quarter.

 

This time, Hyderabad contributed the highest to total sales at 49%, followed by Bengaluru, which accounted for 27%, and Mumbai, which made 12% of sales. The company sold 6.04 million square feet and 3,337 units during the June quarter. Its commercial office portfolio saw healthy demand, with gross leasing of 1.5 million square feet during the quarter.

 

"YoY (year-on-year) pre-sales are expected to remain subdued due to higher base bookings from Indirapuram project in Q1FY26," brokerage Prabhudas Lilladher said.

 

Prestige Estates is a Bengaluru-headquartered real estate developer focused on diverse projects, including residential properties such as apartments, villas, and townships, as well as golf courses, commercial office parks, and IT campuses. It operates malls under the retail segment and hotels and resorts under the hospitality vertical.

 

The company is expected to report consolidated earnings before interest, tax, depreciation, and amortisation of INR 9.44 billion for the June quarter, down around 11% on year, as per the estimates. These range from a high of INR 12.49 billion from Ambit Capital to a low of INR 7.79 billion from Prabhudas Lilladher. Motilal Oswal Financial Services Ltd. sees the company's EBITDA margin at 26% for the quarter against 38.7% in the year-ago quarter.

 

The company has projected a top line growth of 15-20% for the financial year 2026-27 (Apr-Mar), its management had told analysts in May. It also expected collections to grow at a similar pace.

 

Prestige Estates will detail its June quarter earnings Wednesday. Monday, shares of Prestige Estate Projects ended 3.3% higher at INR 1,644.6 on the National Stock Exchange. The company had reported a consolidated net profit of INR 2.50 billion for the March quarter on revenues of INR 40.74 billion. Since its March quarter results, shares of the company have risen over 18%.  

 

All nine brokerage reports on the company available with Informist have a "buy" or equivalent recommendation on the stock with an average target price of INR 1,711. This is 4% higher than the current market price.

 

Following are the June quarter earnings estimates for Prestige Estate Projects from six brokerages, in descending order by the estimate of net profit, in INR billion:

 

Brokerage	Net Sales	Net Profit	EBITDA
Ambit Capital Pvt. Ltd.	40.30	4.89	12.49
Nuvama Wealth Management Ltd.	28.42	3.17	8.76
Kotak Securities Ltd.	29.05	3.05	9.76
Motilal Oswal Financial Services Ltd.	33.01	2.63	8.59
HDFC Securities Ltd.	27.23	2.55	9.27
Prabhudas Lilladher Pvt. Ltd.	28.84	1.16	7.79
Average	31.14	2.91	9.44

End

 

Edited by Shubhayan Bhattacharya

 

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