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Business Upturn
10-07-2025
- Business
- Business Upturn
Prestige Estates shares rise as Q1 FY26 sales surge 300% to Rs 12,126 crore, highest-ever quarterly performance
By Aditya Bhagchandani Published on July 10, 2025, 09:38 IST Shares of Prestige Estates Projects Ltd. traded higher by over 1.2% at ₹1,670 on Wednesday morning after the company reported its best-ever quarterly sales and collections for the first quarter of FY26. In its business update, the real estate developer announced that sales in Q1 FY26 aggregated to ₹12,126.4 crore, registering an impressive 300% year-on-year growth. Sales volume also jumped sharply to 9.55 million square feet, up 234% YoY, with 4,718 units sold during the quarter. Average realization stood at ₹13,339 per square foot for apartments and ₹7,343 per square foot for plotted developments. Collections for the quarter also climbed by 55% YoY to ₹4,522.7 crore, further demonstrating strong operational performance. Prestige Estates launched four residential projects spanning 14.94 million square feet, including its first-ever project in the NCR market — The Prestige City, Indirapuram — which saw about 80% of its inventory sold at launch, reflecting robust demand and growing brand presence in North India. Commenting on the milestone quarter, Irfan Razack, chairman and managing director, said, 'Q1 FY26 has been a milestone quarter for Prestige, with significant progress across multiple fronts. The launch of The Prestige City in NCR received an exceptional response, showcasing customer confidence and our rising brand equity in the region. This achievement, coupled with our first completions in Mumbai, reinforces our execution capabilities in India's most dynamic markets.' The company's strong performance this quarter underscores its growing footprint in key markets, backed by a mix of plotted developments, integrated townships, and premium apartments, catering to diverse homebuyers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
09-07-2025
- Business
- Business Standard
Prestige Estate records 300% YoY growth in sales in Q1
Prestige Estates Projects said that its sales for Q1 FY26 aggregated to Rs 12,126.4 crore, marking a 300% growth over the same period last year. Sales volume for the period under review stood at 9.55 million square feet, a 234% increase YoY. The company sold 4,718 units in Q1 FY26. Average realization stood at Rs 13,339 per square foot for apartments while plotted developments fetched Rs 7,343 per square foot in Q1 FY26. The collections jumped 55% YoY to Rs 4,522.7 crore in Q1 FY26. The company launched four residential projects totaling 14.94 million square feet during the quarter, including its first-ever launch in the NCR region. These launches featured a mix of plotted developments and integrated townships, catering to diverse homebuyer segments. Irfan Razack, chairman and managing director, Prestige Group, said: Q1 FY26 has been a milestone quarter for Prestige, with significant progress across multiple fronts. We made a strong entry into the NCR market with the launch of The Prestige City, Indirapuram, which received an exceptional response with about 80% of the inventory sold at launcha clear reflection of customer confidence and our growing brand equity in North India. This played a key role in delivering our highest-ever quarterly sales and collections. We also marked our first completions in Mumbai, further reinforcing our execution capabilities in Indias most dynamic cities. In parallel, the filing of the DRHP for our hospitality platform signals our intent to unlock long-term value across verticals. This quarter reflects the momentum, diversification, and execution strength driving the next phase of Prestiges growth. Prestige Group is one of Indias most respected and diversified real estate developers, with a legacy of almost four decades and a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. The companys consolidated net profit declined 82.1% to Rs 25 crore on 29.4% fall in net sales to Rs 1528.40 crore in Q4 FY25 over Q4 FY24. The counter declined 0.66% to settle at Rs 1649.35 on the BSE.
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Business Standard
09-07-2025
- Business
- Business Standard
Prestige Estates Q1 pre-sales surges on robust demand for Ghaziabad project
Realty firm Prestige Estates Projects Ltd on Wednesday reported a 4-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of this fiscal, mainly on strong demand for its housing project in Ghaziabad. The company's sales bookings or pre-sales stood at Rs 3,029.5 crore in the year-ago period. In a regulatory filing, the company informed that it has "kicked off FY26 with its strongest quarterly performance to date, clocking an all-time high of Rs 12,126.4 crore in sales in the quarter ended June 30, 2025 (Q1 FY26), marking a 300 per cent growth over the same period last year". The company sold 4,718 units, translating to a sales volume of 9.55 million square feet, up 234 per cent year-on-year. The average price realisation stood at Rs 13,339 per square feet for apartments while plotted developments fetched Rs 7,343 per square feet. Irfan Razack, Chairman and Managing Director of Prestige Group, said the April-June quarter has been a milestone quarter for Prestige, with significant progress across multiple fronts. "We made a strong entry into the NCR market with the launch of The Prestige City, Indirapuram, which received an exceptional response with about 80 per cent of the inventory sold at launch - a clear reflection of customer confidence and our growing brand equity in North India," he added. The NCR project played a key role in delivering its highest-ever quarterly sales, Razack said. As of March 2025, the group has delivered 302 projects spanning 193 million sq ft and currently has a pipeline of 130 projects across 203 million square feet. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
09-07-2025
- Business
- Time of India
Prestige Estates Q1 pre-sales surge 4x to Rs 12,126 crore on Ghaziabad project boost
Realty firm Prestige Estates Projects Ltd on Wednesday reported a 4-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of this fiscal, mainly on strong demand for its housing project in Ghaziabad. The company's sales bookings or pre-sales stood at Rs 3,029.5 crore in the year-ago period. In a regulatory filing, the company informed that it has "kicked off FY26 with its strongest quarterly performance to date, clocking an all-time high of Rs 12,126.4 crore in sales in the quarter ended June 30, 2025 (Q1 FY26), marking a 300 per cent growth over the same period last year". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now The company sold 4,718 units, translating to a sales volume of 9.55 million square feet, up 234 per cent year-on-year. The average price realisation stood at Rs 13,339 per square feet for apartments while plotted developments fetched Rs 7,343 per square feet. Irfan Razack, Chairman and Managing Director of Prestige Group, said the April-June quarter has been a milestone quarter for Prestige, with significant progress across multiple fronts. Live Events "We made a strong entry into the NCR market with the launch of The Prestige City , Indirapuram, which received an exceptional response with about 80 per cent of the inventory sold at launch - a clear reflection of customer confidence and our growing brand equity in North India," he added. The NCR project played a key role in delivering its highest-ever quarterly sales, Razack said. As of March 2025, the group has delivered 302 projects spanning 193 million sq ft and currently has a pipeline of 130 projects across 203 million square feet.
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Business Standard
01-07-2025
- Business
- Business Standard
Prestige Group eyes ₹3,350 cr revenue from new housing project in Chennai
Prestige Estates Projects Ltd is targeting ₹3,350 crore revenue from its upcoming housing project in Chennai. The company has launched a residential project Prestige Pallavaram Gardens - on the PallavaramThoraipakkam Radial Road in Chennai. The 21.84-acre project has 2,069 premium apartments, offering a total saleable area of 3.1 million (31 lakh ) square feet and a "a Gross Development Value (GDV) of ₹3,350 crore. Irfan Razack, Chairman & Managing Director, Prestige Group, said: "Chennai has emerged as one of the most dynamic real estate markets in South India, and we are delighted to strengthen our presence here." Bengaluru-based Prestige Group has a portfolio of residential, commercial, retail, hospitality, and integrated townships across major cities. The group has delivered 302 projects spanning 193 million square feet and has a pipeline of 130 projects covering 203 million square feet area. Prestige Estates Projects Ltd has set a target to sell properties worth ₹27,000 crore this fiscal year, an increase of 59 per cent from the previous year, as it remains bullish on housing demand. Its sales bookings declined 19 per cent annually to ₹17,023 crore in 2024-25 fiscal year on delays in regulatory approvals to launch its projects. The company had given a sales bookings guidance of ₹24,000 crore for the last fiscal year, but it missed the target by a huge margin. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
