Prestige Estates Projects delivered exceptional fourth-quarter results for FY26, with consolidated net profit surging 494% YoY to ₹327 crore compared to ₹25 crore in the year-ago period. According to latest regulatory filings, the company's total income more than doubled to ₹4,074 crore during the January-March period of 2025-26 fiscal from ₹1,528 crore in the corresponding period of the preceding year. The company's EBITDA increased 85% YoY to ₹1,115 crore with a margin of 26.91%, while PAT margin stood at 7.17% for the quarter. Revenue grew 166% YoY to ₹4,074 crore, demonstrating significant earnings improvement and operational leverage. However, the consolidated net profit of ₹327 crore beat analysts' expectations of ₹250 crore, despite strong year-over-year growth.
For the complete financial year FY26, Prestige Estates achieved its highest-ever consolidated net profit of ₹1,196 crore, up 156% YoY, backed by revenue rising around 73% to ₹12,685 crore. As reported by Informist Media, the company launched projects of 8 million square feet development area during Q4 and completed projects of 5.51 million square feet development area. The company's average realisation on apartments and villas rose 7% YoY to ₹16,569 per square feet during the quarter, while average realisation on plots rose 15% YoY to ₹8,005 per square feet. Bengaluru-based Prestige Estates Projects Ltd remains one of the leading real estate developers in the country.
Despite the strong earnings, Prestige Estates shares remained rangebound in Friday's trading session, hitting a day's high of ₹1,426.90 and low of ₹1,343.60 against the previous closing price of ₹1,385.05. According to Mint, trading volumes were higher than average with 53,000 shares changing hands compared to the two-week average of 41,000 shares on BSE. The stock has declined 13% year-to-date, 2% in a year, and 13% over two years, reflecting a consolidation phase over the past two years. As reported by Informist Media, shares closed a tad lower at ₹1,385.60 on the National Stock Exchange following the results announcement.
The company's board recommended a final dividend of ₹2 per share for FY26, subject to shareholder approval at the 29th Annual General Meeting. Additionally, Prestige Estates announced plans to issue non-convertible debentures worth up to ₹20 billion on a private placement basis. The company also approved the redesignation of Uzma Irfan as whole-time director for five years effective Thursday. As reported by Informist Media, the board approved these decisions alongside the quarterly results announcement.
The company's total expenses more than doubled to ₹3,696 crore for the March quarter, led by a sharp rise in contractor costs and finance costs. According to Informist Media, expenses on contractors rose to ₹2,371 crore while finance costs were up 50% YoY at ₹430 crore. However, costs on land acquisition fell 38% YoY to ₹148 crore for the quarter. Chairman and Managing Director Irfan Razack stated that the company continues to see encouraging demand across residential business while expanding footprint across commercial, retail, hospitality, and mixed-use developments. The management expressed confidence in moving into the next phase of growth with a robust launch pipeline across key geographies.
