Prestige Estates Powers Through Q1 FY26—Profit Surges, Sales Soar, and New Launches Spark Market Frenzy

Prestige Estates Projects Ltd has begun FY26 on a remarkable note, posting its most impressive quarterly results ever for the period ended June 30, 2025. The company has reported robust growth across sales, revenues, and project execution, further solidifying its leadership in India's real estate sector.

Introduction

The real estate heavyweight set several new benchmarks in Q1 FY26 by not just growing its bottom line but also achieving huge gains in sales and booking collections. The National Capital Region (NCR) emerged as the biggest growth engine, contributing the lion’s share to Prestige’s record numbers this quarter.

Key Financial Performance

The company posted a consolidated revenue from operations of ₹2,307 crore in Q1 FY26.

Consolidated net profit surged to ₹293 crore.

Total consolidated income rose by 21.94% year-on-year to ₹2,468.7 crore from ₹2,024.5 crore in Q1 FY25.

Net profit after tax grew significantly from ₹232.6 crore a year ago.

Earnings per share (EPS) saw a noticeable uptick in line with the profit growth.

Record-Breaking Sales and Collections

Prestige Estates achieved an all-time high sales booking of ₹12,126.4 crore, an impressive four-fold jump, or roughly 300% year-on-year, compared to ₹3,029.5 crore in Q1 FY25.

The company sold 4,718 units during the quarter, translating into a volume of 9.55 million square feet—a massive 234% increase over the same period last year.

Collections touched a record ₹4,522.7 crore, up 55% from the year-ago period.

Operational and Segmental Updates

The company launched four new residential projects totaling 13.94 million square feet, including its very first residential project in the NCR.

Five residential projects covering 5.45 million square feet were completed this quarter, with Mumbai witnessing its inaugural Prestige project completions.

In the office segment, there was fresh leasing of 1.21 million square feet, with occupancy remaining comfortably high at 93.7%. Exit rentals from this portfolio came in at ₹523 crore.

The company’s average realization was ₹13,339 per square foot for apartments and ₹7,343 for plotted developments, highlighting sustained pricing power despite the volume increase.

Geographic and Market Insights

NCR led the growth, contributing 59% of total sales—showcasing Prestige’s successful foray into the North India market and the impact of its flagship Ghaziabad project.

Bengaluru followed at 21%, Mumbai at 12%, Hyderabad at 5%, and other cities together accounting for 3%.

These results reflect the ongoing strategy to expand the company’s geographical footprint while maintaining dominance in its established markets.

Development Pipeline and Business Growth

As of March 2025, Prestige had delivered 302 projects over 193 million square feet and held a robust project pipeline of 130 developments across 203 million square feet.

The company attributed much of its sales momentum to robust demand in both housing and office segments, especially from the NCR and Bengaluru.

Stock Performance and Market Reaction

Despite outstanding operational performance, shares of Prestige Estates showed a modest decline of 0.9% to ₹1,644.1 apiece as of July 9 and closed at ₹1,649.35 with a marginal dip, reflecting potential profit booking post the stellar announcement.

Looking Ahead

Prestige Estates’ Q1 FY26 results underscore both strategic acumen and operational might, positioning the company strongly for the year ahead.

With several high-value launches planned and strong collection momentum, Prestige aims to further strengthen its leadership in the Indian real estate sector.

Source: Economic Times Realty, Rediff, CNBC TV18, Business Today, ScanX,