Prestige Estates FY26 sales hit ₹30,024 cr, up 76%

Prestige Estates Projects Ltd. reported record FY26 sales bookings of ₹30,024 crore, a 76% year-on-year jump, according to the company’s operational update. The developer also posted its highest-ever annual collections of ₹18,515 crore, up 53% year-on-year. The FY26 performance marked the first time Prestige crossed the ₹30,000 crore threshold in annual sales. The update pointed to sustained momentum across residential, commercial, retail, and hospitality. For Q4 FY26, sales bookings came in at ₹7,697 crore, up about 10% year-on-year, supported by housing demand.

FY26 at a glance: sales, volumes, collections

Prestige’s FY26 sales volume rose to 22.28 million square feet, a 77% year-on-year increase. The company sold 11,692 units during the year, reflecting scale-up across key markets and project launches. Average realisation was reported at ₹14,470 per square foot, up 3% year-on-year. Collections of ₹18,515 crore were highlighted as a cash flow milestone for the year. The company also said sales momentum remained consistent across both new launches and ongoing inventory.

Key performance metrics (FY26)

Q4 FY26: steady finish to the year

The company reported Q4 FY26 sales bookings of ₹7,697 crore, with syndicated reports citing a 10% year-on-year rise for the quarter. Prestige’s commentary linked the quarterly outcome to “encouraging” demand across its key markets and its focus on quality, location, and timely execution. The company positioned Q4 as a continuation of steady momentum rather than a one-off spike. It also said traction was visible across new launches and ongoing inventory.

Geographic mix: Bengaluru and NCR lead

Prestige said FY26 sales were led by Bengaluru at 34%, closely followed by NCR at 33%. Mumbai contributed 20%, while other markets made up the remaining 13%. Separate syndicated coverage also cited contributions from Bengaluru, Delhi-NCR, Mumbai, Hyderabad, and Chennai. The update suggests the company’s FY26 performance was not dependent on a single city, with multiple large markets driving volumes.

Deliveries and execution: 18.22 million sq ft completed

Prestige reported total area delivered during FY26 at 18.22 million square feet, underlining its execution capacity alongside pre-sales growth. In Q4 FY26, it delivered 5.51 million square feet across three projects: Prestige Capital Square, Prestige Lake Shore Drive Phase I, and Meridian Park Phase I. These completions included both commercial and residential assets in Bengaluru. The delivery numbers are relevant for investors tracking conversion of bookings into revenue and cash collections over time.

Portfolio performance: office, retail, hospitality

Prestige’s office portfolio recorded 4.47 million square feet of leasing activity during FY26, with occupancy sustained at over 90% through the year. In another operational update covering the period ended December 31, 2025, office occupancy was cited at over 95%, with quarterly leasing activity of 0.56 million square feet in Q3 FY26. The retail portfolio maintained 99% occupancy, and gross turnover across retail assets was reported at ₹2,567.1 crore for FY26 (₹25,671 million). The company also reported steady performance in hospitality, citing sustained demand and operating efficiencies.

Management commentary and pipeline additions

Chairman and Managing Director Irfan Razack said the company closed FY26 on a strong note, supported by successful launches across geographies and healthy growth in sales and collections. He added that the company’s focus remains on execution discipline and a balanced approach to growth. Prestige also reported business development activity during the year, adding new projects with an estimated gross development value (GDV) of over ₹50,000 crore. The company said it has a robust pipeline of upcoming launches across geographies.

What earlier FY26 updates showed: Q3 and Q2 snapshots

In Q3 FY26 (quarter ended December 31, 2025), Prestige reported sales bookings of ₹4,183.6 crore, up 39% year-on-year, and collections of ₹4,547.5 crore, up 40% year-on-year. For the first nine months of FY26, it reported pre-sales of ₹22,327.3 crore and collections of ₹13,283.3 crore. That Q3 update also noted the stock gained over 5% on the BSE after the announcement. In Q2 FY26 (quarter ended September 2025), the company reported net profit of ₹430 crore, revenue of ₹2,431 crore, and EBITDA of ₹910 crore, with an EBITDA margin of 37.4%.

Broader context: branded developers and project pipeline scale

Syndicated coverage noted that listed real estate firms have performed well despite some softness in overall housing demand, and that post-COVID demand has gradually shifted towards large branded developers. Prestige’s own scale indicators were also highlighted: as of December 2025, the Prestige Group had delivered 313 projects spanning 206 million sq ft, with a pipeline of 128 projects across 195 million sq ft. Another update cited that as of September 2025, the group had delivered 310 projects spanning 202 million sq ft and had a pipeline of 130 projects across 199 million sq ft. These data points frame the company’s operational runway and the depth of its future launch pipeline.

Conclusion

Prestige Estates’ FY26 update underscored a record year on both sales bookings and collections, backed by higher volumes, multi-city demand, and continued deliveries. The company’s near-full retail occupancy and high office occupancy added support to its diversified portfolio narrative. Management has pointed to execution discipline and a strong pipeline of launches, alongside business development additions with GDV exceeding ₹50,000 crore. Investors are likely to track the pace of launches, deliveries, and collections in subsequent operational updates.