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Informist, Thursday, Jan. 15, 2026

--Prestige Estates Oct-Dec pre-sales INR 41.84 bln, up 39% on year 

--Prestige Estates Oct-Dec collections INR 45.48 bln, up 40% on year 

--Prestige Estates Oct-Dec avg realisation INR 14,459 per sq ft, up 6% on yr 

MUMBAI – Prestige Estates Projects Ltd. recorded pre-sales of INR 41.84 billion during the December quarter, a rise of 39% on year. This took the pre-sales for the nine months ended December to INR 223.27 billion--more than double of that recorded during the same period last year, according to a quarterly update from the company late Wednesday. The company's management had in August said it expects pre-sales of INR 250 billion to INR 270 billion for 2025-26 (Apr-Mar).

Higher sales volume and realisation helped the company record a jump in pre-sales during the quarter. Its sales volume was up 34% on year to nearly 3 million square feet with 1,811 units sold. Its realisation during the quarter rose 6% on year to INR 14,459 per square feet.

The company recorded collections of INR 45.48 billion, up 40% on year. For the nine months ended December, its collections were at INR 132.83 billion, nearly 50% more than the year-ago period.

The company launched three projects---one each in Hyderabad, National Capital Region, and Mumbai--during the quarter with developable area of just over 5 million square feet. Its also completed three projects in Bengaluru with an area of 4.72 million square feet.

For the quarter ended September, Prestige Estates had reported a consolidated net profit of INR 4.30 billion on a revenue of INR 24.32 billion. Wednesday, shares of the company closed at INR 1,500.20 on the National Stock Exchange, down 1.2%. The equity market is shut Thursday on account of municipal corporation elections in Maharashtra.  End

Reported by Anshul Choudhary

Edited by Vandana Hingorani

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