Prestige Estates Projects Ltd, one of India’s leading real estate developers, reported a nearly eight-fold increase in its consolidated net profit for the third quarter of the 2025-26 fiscal year, reaching ₹244.7 crore. The sharp surge was primarily driven by higher total income and robust operational performance.
Financial Highlights
The company’s financial performance for the October–December 2025 period showed significant year-on-year growth:
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Net Profit: Jumped to ₹244.7 crore, compared to approximately ₹30 crore in the same period last year.
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Pre-Sales: The company recorded sales bookings of ₹4,183.6 crore, a 39% increase year-on-year, fueled by high demand for residential properties.
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Nine-Month Performance: For the first nine months of FY26 (April–December), sales surged by 122% to a record ₹22,327.3 crore, surpassing previous full-year peaks.
Operational Growth and Execution
Prestige Estates maintained strong momentum in project execution and launches during the quarter:
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New Launches: The group launched 5.02 million sq. ft. of developable area in Q3, including major projects like Forum @ The Prestige City in Hyderabad and Prestige Garden Trails in Mumbai.
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Project Completions: A total of 4.72 million sq. ft. was completed during the quarter, including Eden Park @ TPC and Prestige Green Gables in Bengaluru.
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Geographical Mix: Sales were well-diversified across major metros, with Mumbai contributing 36% of the total, followed by Bengaluru (25%), Hyderabad (16%), and Delhi-NCR (16%).
- Recent Activity: Building on this momentum, the company officially launched Evergreen @ Prestige Raintree Park in Whitefield on January 14, 2026, with a projected Gross Development Value (GDV) of ₹5,000 crore.
Management Commentary
Irfan Razack, Chairman and Managing Director of Prestige Estates Projects Ltd, stated that the record-breaking performance is a validation of the current demand environment and the strength of the company’s execution platform. He noted that the company is on track to maintain its growth trajectory with a solid pipeline of upcoming projects.
Market Outlook
The surge in profitability comes amid a broader recovery in the Indian real estate sector, supported by rising urban incomes and steady commercial leasing. While the company faced a slight dip in annual profit margins in the previous fiscal year (FY25), the Q3 results indicate a strong rebound in operational efficiency and liquidity.
As of late January 2026, Prestige Estates continues to expand its footprint in high-growth markets, focusing on luxury residential, retail, and office segments to bolster its long-term annuity income.
