Earnings Review
Prestige Estates Q1 PAT falls as sales lag expenses growth
This story was originally published at 21:35 IST on 29 July 2026
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--Prestige Estates Apr-Jun consol net profit INR 2.36 bln
--Analysts saw Prestige Estates Apr-Jun consol net profit INR 2.91 bln
--Prestige Estates Apr-Jun consol revenue INR 26.75 bln
--Analysts saw Prestige Estates Apr-Jun consol revenue INR 31.14 bln
--Prestige Estates Apr-Jun consol PAT INR 2.36 bln vs INR 2.93 bln yr ago
--Prestige Estates Q1 consol revenue INR 26.75 bln vs INR 23.07 bln yr ago
By Gunjan Rajput
NEW DELHI – Prestige Estates Projects Ltd.'s consolidated net profit significantly declined year-on-year in Apr-Jun as growth in total expenses outpaced the increase in revenue. The June quarter marked the company's first year-on-year decline in net profit in five quarters. Revenue growth was also the slowest in the three quarters, after the company posted its strongest revenue growth in Jan-Mar, according to data available with Informist.
The real estate company's consolidated net profit declined over 19% on year to INR 2.36 billion, compared with INR 2.93 billion a year ago. Analysts had expected a profit of INR 2.91 billion. The consolidated revenue from operations rose nearly 16% on year to INR 26.75 billion from INR 23.07 billion a year ago. However, the figure missed analysts' estimate of INR 31.14 billion.
The company's total expenses rose over 22% on year to INR 24.60 billion in the June quarter. Among the major cost components, land cost rose over 54% on year to INR 17.49 billion, while contractor cost increased over 30% to INR 17.64 billion. Other expenses climbed nearly 28% to INR 6.42 billion, and finance costs rose 9% to INR 4.18 billion. The company's total income increased nearly 15% year-on-year to INR 28.36 billion, although other income edged lower at INR 1.61 billion in the June quarter. Change in inventory was negative INR 28.24 billion as compared with a negative entry of INR 23.16 billion a year ago.
The bottom line for the quarter declined year-on-year despite a deferred tax credit or reversal of INR 1.75 billion, up from INR 1.33 billion in the year-ago quarter.
The company announced its June quarter results after the market hours. Wednesday, shares of the company ended at INR 1,672 on the National Stock Exchange, down 0.7%. End
Edited by Akul Nishant Akhoury
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