Prestige Estates FY26: Revenue up 71%, PAT doubles

Record FY26 numbers set the tone

Prestige Estates Projects reported its highest-ever annual revenue and profit for FY2025-26, supported by strong housing demand, sustained execution, and robust collections across key property markets. The Bengaluru-based developer reported revenue of ₹13,195.5 crore, up 71% year-on-year. Net profit more than doubled to ₹1,311.9 crore, up 112.8% from the previous year. Operating profit rose 43% to ₹4,219.2 crore. The company attributed the performance to demand-led momentum and the pace of project execution and collections.

March quarter FY26: sharp surge in profitability

In the March quarter, the company reported sharp growth across key parameters, linked to project completions and revenue recognition from ongoing developments. Net profit for the fourth quarter surged nearly six-fold to ₹297.2 crore. Revenue rose 161% year-on-year to ₹4,143.5 crore. Operating profit increased 85% to ₹1,115.2 crore. Quarterly operating margin was reported at 26.91%, while PAT margin stood at 7.17%. These figures position the March quarter as a key contributor to the record annual outcome cited for FY2025-26.

Key financial snapshot (as reported)

Quarterly series table: Dec 2024 to Dec 2025 (all figures ₹ crore)

The following quarterly data set was provided alongside the narrative, showing a five-quarter run-rate across sales, costs, profit, and EPS.

Another Sep 2025 quarterly disclosure: sales and profit jump

A separate quarterly comparison for the quarter ended September 2025 reported net profit of ₹430.30 crore versus ₹192.20 crore in the quarter ended September 2024, a 123.88% rise. Sales were reported at ₹2,431.70 crore for September 2025 versus ₹2,304.40 crore for September 2024, up 5.52%. Operating profit margin (OPM) was shown at 37.41% versus 26.91% in the year-ago quarter. PBDT was listed at ₹802.60 crore versus ₹383.10 crore, while PBT was ₹584.00 crore versus ₹182.70 crore. These figures were presented as part of a quarter-on-quarter comparison set.

Business mix: housing, offices, retail and hospitality

Prestige Estates Projects Limited, along with its subsidiaries, engages in development and leasing of real estate properties in India. The company develops residential projects such as townships, apartments, villas, and plotted developments. It also develops and operates retail and commercial projects, reflecting a diversified portfolio. In addition, it develops and owns hospitality assets such as hotels, resorts, convention centres, service apartments, and golf resorts. This mix is relevant when interpreting quarterly volatility, where revenue recognition and completions can shift across segments.

Market stats and trading details provided

The stock is listed on the NSE under the symbol PRESTIGE. The current price was shown as ₹1,713.40, down 0.24% over the past 24 hours in the provided snapshot. Market capitalisation was listed at ₹59,777 crore. Trailing twelve-month earnings were stated as ₹970 crore, with EPS shown as 22.53. A financial snapshot also listed revenue at ₹10,140 crore, cost of revenue at ₹3,270 crore, gross profit at ₹6,870 crore, and gross margin at 67.76%.

Earnings expectations and surprises in the dataset

The dataset also included growth and forecast markers, including a statement that earnings are forecast to grow 33.38% per year, and that earnings grew 66.6% over the past year. A separate earnings snapshot said the last quarter EPS was ₹6.80 versus an estimate of ₹4.99, described as a 36.27% surprise. The next quarter EPS estimate was listed as ₹6.71. Net income for the last quarter was shown as ₹292 crore, while the previous quarter was shown as ₹25 crore, described as a 1.07K% change.

FY25 filings: Q4 profit, income dip and dividend recommendation

In a BSE filing referenced in the provided text, Prestige Estates reported net consolidated profit after tax of ₹43.10 crore for the quarter ended March 31, 2025. Profit in the corresponding quarter of the previous fiscal was stated as ₹235.90 crore. Net consolidated total income was reported at ₹1,589.30 crore in Q4 FY25, down 28.81% from ₹2,232.50 crore a year earlier. The board of directors recommended a final dividend of 18% (₹1.8 per share) on equity shares for the year ended March 31, 2025. The same set of details also included Q4 FY25 pre-sales of ₹6,957.40 crore (up 48% year-on-year), collections of ₹3,155.10 crore, and an average price realisation of ₹15,524 per sq ft.

PTI data point: FY25 profit drop and Mumbai office JV

A PTI-sourced segment in the provided text stated that consolidated net profit declined 82% to ₹25 crore in the quarter ended March, versus ₹140 crore in the year-ago period. It also stated total income fell to ₹1,589.3 crore in that quarter from ₹2,232.5 crore earlier. For the full FY2024-25 fiscal, PTI reported net profit at ₹467.5 crore versus ₹1,374.1 crore in the preceding year, and total income at ₹7,735.5 crore versus ₹9,425.3 crore in FY2023-24. The same PTI segment added that Prestige Estates partnered with Valor Group to develop an office complex in Andheri West, Mumbai, with a stated GDV of about ₹4,500 crore and a total leasable area of 1.5 million sq ft. It said both Prestige Estates and Valor would have a 50% economic interest in the project.

Why the set of disclosures matters for investors

Across the provided information, investors are seeing two things at once: a record FY2025-26 performance on one hand, and significant quarter-to-quarter variability in other reported periods and datasets. For real estate developers, such swings can be visible when project completions, accounting recognition, exceptional items, and collections shift between quarters. The inclusion of operating and PAT margins for the March quarter adds context on profitability quality in that period. Separately, the FY25 filing details on pre-sales, collections, and price realisation provide operating indicators beyond reported profit. And the Mumbai JV disclosure offers a project-specific datapoint on office development scale, economics, and potential leasing-linked outcomes, without requiring any projection.

Conclusion

Prestige Estates Projects’ FY2025-26 results show record revenue of ₹13,195.5 crore and net profit of ₹1,311.9 crore, alongside a strong March quarter performance with reported margins. Other disclosures in the provided text also highlight FY25 volatility, dividend recommendation for FY25, and operating indicators such as pre-sales and collections. The next earnings report date mentioned was around November 5, 2025, with the report period listed as Q2 2025 and an EPS estimate of ₹6.71.