BENGALURU, May 30, 2025 — Prestige Estates Projects Ltd. reported a consolidated net profit of ₹43.10 crore for the fourth quarter of FY25, marking a significant decline from ₹235.90 crore in the corresponding quarter of the previous fiscal year. The company’s total income during the quarter stood at ₹1,589.30 crore, down 28.81% from ₹2,232.50 crore year-on-year.
Despite the dip in quarterly profit, the company’s board has declared a final dividend of 18% (₹1.80 per equity share) for the financial year ended March 31, 2025. To bolster its capital structure, the board also approved the issuance of non-convertible debentures (NCDs) worth up to ₹2,000 crore on a private placement basis.
In terms of operational performance, Prestige Estates achieved pre-sales of ₹6,957.40 crore in Q4 FY25, reflecting a robust 48% growth year-on-year. Collections during the quarter amounted to ₹3,155.10 crore, with an average price realization of ₹15,524 per sq ft. As of March-end 2025, the company’s net debt stood at ₹6,716.50 crore, with a debt-to-equity ratio of 0.42 and an average cost of debt at 10.32%.
Among recent strategic developments, the company announced a joint venture with Valor Estate and its subsidiaries to develop a commercial project in Andheri East, Mumbai. The project will offer approximately 1.5 million sq ft of leasable space and is expected to generate a gross development value (GDV) of around ₹4,500 crore. Both companies will have equal economic interests, and Prestige Estates plans to invest ₹504 crore in the special purpose vehicle formed for the venture.
On the residential front, the company launched ‘Prestige Gardenia Estates,’ a plotted development in Devanahalli, Bengaluru. The project spans 47 acres and includes 516 plots with a total development area exceeding one million sq ft. The expected revenue potential from the project is over ₹800 crore.
Earlier in August 2024, Prestige Estates had successfully raised ₹5,000 crore through a Qualified Institutional Placement (QIP) to fund its expansion plans.
These developments reflect the company’s strategic efforts to diversify and expand its portfolio despite short-term profitability pressures, positioning itself for sustained long-term growth.