Prestige Estates Reports Record Q4 Performance

Prestige Estates Projects Ltd. announced a remarkable financial performance for the fourth quarter ended March 31, 2026. Consolidated net profit soared to ₹250.1 crore, a tenfold increase from the ₹25 crore profit recorded in the same period last year. The company's total income more than doubled, reaching ₹4,143.5 crore in the January-March quarter of FY26, up from ₹1,589.3 crore in FY25.

Full Year Results Show Strong Growth

For the entire fiscal year 2025-26, Prestige Estates saw its net profit more than double, climbing to ₹1,195.5 crore from ₹467.5 crore in FY24-25. Total income also experienced substantial growth, rising to ₹13,195.5 crore in FY26 compared to ₹7,735.5 crore in the prior fiscal year.

Management Confident in Future Growth

Irfan Razack, Chairman and Managing Director of Prestige Group, described FY26 as a "landmark year." He highlighted record sales and collections, alongside significant revenue and profitability growth, attributing the success to the brand's strength, customer trust, and consistent execution. Razack noted sustained demand in the residential segment while the company actively expands into commercial, retail, hospitality, and mixed-use developments. The strong operational performance provides confidence for the next phase of growth, supported by a robust launch pipeline and a diversified development portfolio.

Shareholder Returns and Funding Plans

The company's sales bookings hit a record ₹30,024 crore in FY26, marking a 76% increase year-on-year. The board has recommended a final dividend of 20%, or ₹2 per share, for the year ended March 31, 2026, subject to shareholder approval. Additionally, the company plans to issue non-convertible debentures up to ₹2,000 crore via private placement, also requiring shareholder consent.

Prestige Estates Projects Ltd., based in Bengaluru, is a prominent real estate developer with 313 projects completed and a pipeline of 128 ongoing projects.