Prestige Estates Q3 Sales Soar 39% to ₹4,184 Crore

Introduction

Prestige Estates Projects Ltd, a leading real estate developer in India, has announced a robust performance for the third quarter of the financial year 2025-26. The company recorded a 39% year-on-year increase in its sales bookings, reaching ₹4,183.6 crore, primarily fueled by sustained demand for its residential properties. This strong quarterly performance contributes to an exceptional nine-month period, where sales have more than doubled to ₹22,327.3 crore, surpassing the company's sales figures for the entire previous fiscal year.

Record-Breaking Quarterly Performance

During the October-December quarter, Prestige Estates sold 1,811 residential units, covering a total area of 2.99 million square feet. The company's ability to command strong pricing is evident from its average realisation, which grew by 6% year-on-year to ₹14,459 per square foot. This performance highlights the market's confidence in the Prestige brand and its high-quality project offerings. The consistent demand underscores a positive trend in the premium housing segment, where buyers are increasingly gravitating towards established developers with a proven track record of execution and delivery.

Diversified Geographical Sales

Prestige Estates' sales growth is supported by a well-diversified geographical portfolio. The Mumbai Metropolitan Region (MMR) was the largest contributor to Q3 sales, accounting for 36% of the total bookings. The company's home market, Bengaluru, followed with a 25% share. Other key markets also showed strong performance, with Hyderabad and Delhi-NCR each contributing 16%. Chennai and Kochi rounded out the sales mix with 5% and 2% respectively. This balanced distribution across major urban centres mitigates regional market risks and positions the company to capitalize on growth opportunities nationwide.

Management Commentary

Irfan Razack, Chairman and Managing Director of Prestige Estates Projects Ltd, commented on the results, stating, "The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform." He added, "Achieving our highest-ever sales and collections, surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning."

Nine-Month Sales Exceed Previous Records

The cumulative performance for the first nine months of FY26 has been particularly noteworthy. The company's sales bookings surged to ₹22,327.3 crore, a significant jump from the corresponding period in the previous year. During this period, Prestige sold 8,598 units with a total volume of 16.95 million square feet. This achievement underscores the company's operational efficiency and its successful strategy of launching projects that align with current market demand.

Financial Health and Market Standing

While sales momentum is strong, the company's consolidated financials for the year ending March 31, 2025, indicated a 17.93% de-growth in sales, the first such contraction in three years. This highlights the cyclical nature of the real estate business, where project launch timelines and revenue recognition can impact annual figures. However, the company maintains a significant market capitalization of ₹64,618.15 crore, ranking it fourth in the real estate sector. Its Price-to-Earnings (P/E) ratio stands at 84.41, reflecting investor confidence in its future growth prospects.

Project Pipeline and Expansion Strategy

As of September 2025, Prestige Group has delivered 310 projects spanning 202 million square feet. The company has a robust development pipeline with 130 ongoing projects across 199 million square feet. This extensive portfolio includes residential, commercial, retail, and hospitality assets. The company is actively expanding its footprint, particularly in high-growth markets like Delhi-NCR, where it recently launched a 62.5-acre township in Ghaziabad with a potential Gross Development Value (GDV) of ₹12,000 crore. Further launches are planned in Mumbai, Chennai, and Hyderabad, targeting a combined revenue of over ₹42,000 crore in the current fiscal year.

Conclusion

Prestige Estates' strong sales performance in the third quarter and the first nine months of FY26 demonstrates its resilience and market leadership. The company's strategic focus on key urban markets, coupled with a strong brand reputation, has enabled it to capture robust housing demand. While past financial results show some volatility, the current sales trajectory and a strong project pipeline suggest a positive outlook. Investors and homebuyers will be watching closely as the company executes its ambitious expansion plans across India.