Prestige Estates Projects Ltd
PRESTIGE | 533274
₹1584.8
+6.80 (0.43%)
Performance
Historical price movement and trading activity
Trading Data
Overview
Prestige Estates Projects Limited commenced its operations as a partnership firm on April 1, 1986, under the name and style of 'Prestige Estates and Properties'. On June 4, 1997, the Firm was registered as a private limited company with the name Prestige Estates Projects Private Limited. All of the business and property of the erstwhile partnership firm therefore became vested in the company. In November, 2009, the company was converted into a public limited company and the name was changed to Prestige Estates Projects Limited. The Company is one of the leading real estate development companies with projects in residential, office, retail and hospitality segment. Its operations are spread across South India, Pune, Goa and Ahmedabad. The company has completed more than 281 real estate projects of over 167 million sq. ft.. They have developed a diversified portfolio of real estate development projects focusing on projects in the residential (including apartments, villas, plotted developments and integrated townships), commercial (including corporate office blocks, built-to-suit facilities, technology parks and campuses and SEZs), hospitality (including hotels, resorts and serviced accommodation) and retail (including shopping malls) segments of the real estate industry. The company also offers a variety of services through their real estate services business, which includes the provision of property management services for their commercial and residential developments, sub-leasing and fit-out services, project and construction management services, interior solutions services, mall management services and the operation of their hospitality projects. In 1998, the company forayed into property management services. In the year 2000, they inaugurated Prestige Acropolis. In the year 2001, they received ISO 9001:2000 Certification. Also, they commenced operation of Angsana, their first hospitality project. In the year 2004, the company inaugurated their first retail project, Forum Mall. In the year 2006, they launched an SEZ namely, Cessna Business Park and an integrated township namely, Prestige Shantinikethan. Also, they inaugurated Prestige Ozone, a villa development. In the year 2007, the company expanded their operation to Cochin, Chennai and Hyderabad. They entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and townships. Also, they inaugurated UB City, their largest mixed use development. In the year 2008, the company entered into strategic alliance with CRIDF for developing malls across South India. They also entered into a relationship with UIOF. They inaugurated a luxury mall at UB City namely, the Collections. Also, they started operations of Oakwood Premier Prestige, serviced apartments at UB City. In the year 2009, the company inaugurated Forum Value Mall. In the year 2010, the company launched Prestige White Meadows. In July 2010, the company completed the project Prestige Shantinikethan, which comprised of 14.62 million sq. ft. of Developable Area, across the residential (including 6.07 million sq. ft. of Saleable Area), consisting of 24 blocks of which 17 blocks, with a developable area of 6.14 million sq. ft. In October 2010, Prestige Estates Projects entered the capital market with an Initial Public Offering of Rs 1200 crore. On 8 August 2014, Prestige Estates Projects announced the closure of qualified institutions placement of equity shares of the company and approved the issuance of up to 2.5 crore equity shares at an issue price of Rs 245 per share aggregating to approximately Rs 612.50 crore to eligible Qualified Institutional Buyers. The Board of Directors of Prestige Estates Projects at its meeting held on 24 March 2016 accorded their in-principle approval for the merger of its wholly owned subsidiaries, Downhill Holiday Resorts Private Limited, Foothills Resorts Private Limited, Pennar Hotels and Resorts Private Limited and Valdel Xtent Outsourcing Solutions Private Limited with the company. The Board of Directors of Prestige Estates Projects at its meeting held on 31 March 2016 approved the Scheme of Amalgamation of Downhill Holiday Resorts Private Limited, Foothills Resorts Private Limited, Pennar Hotels and Resorts Private Limited and Valdel Xtent Outsourcing Solutions Private Limited with Prestige Estates Projects (PEPL) and their respective shareholders. The entire paid-up and issued share capital of each of these transferor companies is held by PEPL. On 1 April 2016, Prestige Estates Projects announced that its subsidiary Prestige Alta Vista Holdings has purchased approximately 49% of the securities held by CMIDF Whitefield Mall (Singapore) Pte. Ltd. in Prestige Whitefield Investment and Developers Private Limited for Rs 56.87 crore. Prestige Whitefield Investment and Developers Private Limited owns a land parcel of approximately 8 acres and is engaged in development of commercial space. During the financial year ended 31 March 2017, Prestige Estate Projects undertook a restructuring exercise by which the Prestige brand's four verticals have been incorporated as separate holding companies (100% held by listed company Prestige Estates Projects Limited) formed for each segment. The restructuring was done with an objective to better each vertical (Residential, Commercial, Retail and Hospitality) in terms of performance and competency. On 26 December 2017, Prestige Estates Projects announced that the company through a wholly owned special purpose vehicle (SPV) is the process of acquisition of the entire remaining 66.66% equity stake in Prestige Projects Private Limited (PPPL) from the investors and land owners for a consideration of about Rs 324 crore. PPPL owns a land parcel admeasuring over 180 acres in Sarjapur Road, Bengaluru. Prestige Estates Projects is proposing to develop a large scale affordable and mid income housing project in this land. On 1 January 2018, the Management Sub Committee of Prestige Estates Projects approved acquisition of CapitaLand stake in various retail mall entities for an aggregate consideration of approximately Rs 342 crore. On 9 January 2018, Prestige Estates Projects announced the completion and opening of Forum Centre City Mall in Mysore with 96% leasing and occupancy. The mall has leasable area of 0.32 million sq. ft and is situated in the heart of Mysore City. The mall is owned by Prestige Retail Ventures Limited, a wholly owned subsidiary of Prestige Estates Projects. On 7 February 2018, Prestige Estates Projects announced that it has entered into a strategic partnership with HDFC Capital Advisors Limited for furthering its business in the Mid-Income/Affordable Housing sector. This dedicated real estate platform shall have a capital to the tune of Rs 2500 crore, which shall be a blend of equity and debt. The primary focus will be on expanding Prestige's residential business by identifying strategic land parcels with the potential of developing large-scale residential projects in the mid-income segment. HDFC Capital Advisors Limited, a wholly owned subsidiary of HDFC, provides investment advisory services for real estate private equity financing. On 26 February 2018, Prestige Estates Projects announced that its wholly owned subsidiary Prestige Exora Business Parks Limited (Exora) and Reco Jade Ind Private Limited (Reco), a subsidiary of GIC (Realty) Pte Limited, Singapore have entered into a preliminary term sheet in relation to a possible significant minority investment by Reco in Exora, which owns directly/indirectly multiple office properties, both operating and under construction. On 8 March 2018, Prestige Estates Projects announced that it has entered into binding agreement for acquisition of 80% stake held by investors and its affiliates in Sterling Urban Infraprojects. Sterling Urban Infraprojects owns land parcels of around 59 acres at Outer Ring Road - Sarjapur, Bangalore. Prestige Estates Projects intends to develop state of the art commercial office space with over 6 million sq. ft of developable area in this land. During FY 2019-20, the Company had sold 3,424 Residential units and 1.47 million square feet of commercial space, which translated to sales of Rs. 45,607 million. During the year, it has launched 17.12 million square feet. During the financial year 2019-20, the Company signed second platform deal with HDFC Capital Affordable Real Estate Fund I (HCARE) to develop a housing project 'Prestige Finsbury Park' owned by Apex Realty Ventures LLP. During the FY 2020-21, the Company has sold 4,893 Residential units and 0.38 million square feet of commercial space, which translates to sales of Rs. 54,608 million. It completed development of 2 million Sq. ft. across all its segments and launched projects spanning 11.85 million Sq. ft. across 5 cities. During year 2020-21, the Company divested 100% of its stake in Prestige Amusement Private Limited, Cessna Garden Developers Private Limited and 85% of its stake in Prestige Hyderabad Retail Ventures Private Limited, Prestige Shantiniketan Leisures Private Limited, Prestige Garden Constructions Private Limited, Prestige Mangalore Retail Ventures Private Limited, Prestige Mysore Retail Ventures Private Limited and Flicker Projects Private Limited. During the year 2022, Company has launched 16.77 million Sq. ft. It completed 16 projects with Built up Area of 14.26 million sq. ft. across segments & geographies during the year. During the FY 2021-22, the Company has sold 8,883 residential units and 0.67 million Sq. Ft. of commercial space, which translates to sales of Rs. 1,03,822 million. During FY 2021-22, the Company acquired 100% equity share capital of Ariisto Developers Private Limited, in Mumbai which got approved by National Company Law Tribunal on 23 March 2021. It acquired 45% stake in two partnership firms, M/s. Prestige Century Megacity and 55% stake in M/s. Prestige Century Landmark, which hold land in North Bangalore. The Company through its subsidiary, acquired 70% equity stake in Shipco Infrastructure Private Limited to create logistics and warehousing space. During year 2021-22, the Company divested 100% of its stake in Dashanya Tech Parkz Private Limited, 85% of its stake in Vijaya Productions Private Limited and 50% of its stake in Prestige Beta Projects Private Limited. It divested entire stake in Prestige City Estates Private Limited to CPP Investment Board Private Holdings (4) Inc., an affiliate of Canada Pension Plan Investment Board and Prestige City Estates Pvt. Ltd. owns Commercial project viz., Prestige RMZ Star Tech. During the year ended 31 March 2022, the Group has received approvals from NCLT for Scheme of Arrangement for Demerger of certain business undertakings held in subsidiaries of the Company effective from March 10, 2021. In 2022-23, the Company acquired 10% equity stake in Prestige Sterling Infraprojects Private Limited on July 29, 2022 and held 90% equity shares in it. The Company through its wholly owned subsidiary Prestige Retail Ventures Limited (PRVL), acquired 30% stake in Prestige OMR Ventures LLP. With the acquisition LLP became a wholly owned subsidiary of the Company. In 2022-23, the Company came with 2 new launches, Ocean Towers in Marine Lines, and Prestige Nautilus in Worli. Thereafter, it launched 26 Mn sft of projects, including 16 Mn sft of residential projects and 10 Mn sft of capex projects. 15 projects with Built up Area of 15.68 Mn. sq. ft. were completed during the year 2023. In 2024, Company acquired 24 acres of land in Hyderabad with a development potential of 8 million sq ft and sales potential of approximately Rs 6,500 Cr. It partnered with Marriott International for six hotels across India. It acquired 100% equity stake in office developments in BKC 1 and The Prestige Mahalakshmi in Mumbai. It launched the largest single project in Hyderabad known 'The Prestige City Hyderabad,' over 13 mn sft. Further, in year 2025, Company completed the largest office developments in Hyderabad, Prestige Skytech, covering 3.6 mn sft. It opened the first Marriott branded 128-key Moxy Hotel' in South Asia. It established a Forum Mall in Kochi, of 1.02 million sqft. In FY26, Company launched The Prestige City Indirapuram, recording sales of over Rs 9500 crore.
Sector & Industry
Realty - Construction - Housing - Large
Listing Exchange
National Stock Exchange (NSE)
Bombay Stock Exchange (BSE)
Fundamentals
Financial strength and ownership structure
Valuation & Ratios
Financial Performance
Shareholding Pattern
Technicals
Price-based indicators and levels
Indicators
Index (RSI)+46.46Neutral
Support and Resistance Levels
Moving Averages
News
Hot Pursuit
ICRA reaffirmed Prestige Estates Projects' credit ratings, including a Long-term – Fund-based – Term loan of [ICRA]A+
7 Aug 2026
Prestige Estates Projects Ltd announced the reaffirmation of its credit ratings by ICRA Limited for several instruments, including Long-term – Fund-based – Term loan [ICRA]A+ (Stable), Long-term – Non-fund based limits [ICRA]A+ (Stable), Long-term – Fund-based limits [ICRA]A+ (Stable), Long-term – Unallocated limits [ICRA]A+ (Stable), and Commercial paper [ICRA]A1, with the latter also being assigned for an enhanced amount; no enhancements, assignments, or withdrawals were noted beyond this assignment for the Commercial Paper.
Prestige Estates Projects Ltd Surges 4.3%, BSE Realty index Gains 1.72%
5 Aug 2026
Prestige Estates Projects Ltd has lost 4.8% over last one month compared to 0.02% gain in BSE Realty index and 0.78% rise in the SENSEX
Prestige Estates Projects Ltd gained 4.3% today to trade at Rs 1621.8. The BSE Realty index is up 1.72% to quote at 7079.14. The index is up 0.02 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 2.73% and DLF Ltd added 1.71% on the day. The BSE Realty index went up 0.41 % over last one year compared to the 2.24% fall in benchmark SENSEX. Prestige Estates Projects Ltd has lost 4.8% over last one month compared to 0.02% gain in BSE Realty index and 0.78% rise in the SENSEX. On the BSE, 3085 shares were traded in the counter so far compared with average daily volumes of 93296 shares in the past one month. The stock hit a record high of Rs 1804.65 on 03 Nov 2025. The stock hit a 52-week low of Rs 1090.45 on 02 Apr 2026.
Prestige Estates edges lower after pre-sales decline by nearly 46% in Q1 FY27
16 Jul 2026
Prestige Estates Projects fell 1.97% to Rs 1652.75 after the company reported pre-sales of Rs 6,579.3 crore for Q1 FY27, which is lower by 45.7% as compared with the figure of Rs 12,126.4 crore recorded in Q1 FY26.
In the June 2026 quarter, the company has registered sales volume of 6.04 million square feet (down 36.8% YoY) and has sold 3,337 units (down 29.3% YoY). Prestige Estates said that Hyderabad was the largest contributor to quarterly sales, accounting for 49% of total sales, followed by Bengaluru (27%), Mumbai (12%), NCR (7%) and other markets (5%). The company achieved an average realization of Rs 11,193 per square foot for apartments in Q1 FY27, which is lower by 16.1% on year-on-year (YoY) basis. The average realization for plotted developments, however, increased by 9.5% YoY to Rs 8,043 per square foot. The average realizations for the quarter primarily reflect the geographical mix of sales, with Hyderabad accounting for nearly half of the quarterly sales following the successful launch of Prestige Golden Grove. Collections for the quarter added up to Rs 4,802.2, up 6.2% from Rs 4,522.7 crore recorded in the same period last year. During the quarter, the company launched four projects with a combined developable area of 20.16 million square feet, and a GDV of approximately Rs 12,000 crore for the residential projects. The company completed three projects during the quarter with a total developable area of 4.37 million square feet. The commercial office portfolio continued to witness healthy demand, with gross leasing of 1.5 million square feet during the quarter. As of June 2026, exit rentals for the commercial portfolio stood at Rs 756 crore. The retail portfolio continued its strong momentum, with gross turnover (GTO) across malls reaching Rs 737 crore, representing an 18% year-on-year growth. The company's malls recorded footfalls of 5.2 million during the quarter. As of June 2026, exit rentals for the retail portfolio stood at Rs 277.6 crore. Irfan Razack, chairman and managing director, Prestige Group said: 'We are pleased with the strong start to FY27, led by the excellent response to Prestige Golden Grove in Hyderabad. Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum.' Prestige Group is one of India's leading and most diversified real estate developers. As of March 2026, the group has delivered 316 projects spanning 212 million square feet and currently has a pipeline of 135 projects across 227 million square feet. Powered by Capital Market - Live News
Prestige Estates Projects Q4 PAT jumps 900% to Rs 250 crore
22 May 2026
Prestige Estates Projects reported an 900.4% surge in consolidated net profit to Rs 250.10 crore in Q4 FY26 as against Rs 25 crore posted in Q4 FY25.
Revenue from operations jumped 166.5% YoY to Rs 4,073.80 crore for the quarter ended 31 March 2026. On a sequential basis, net profit increased 12.35%, while revenue rose 5.19% compared with the previous quarter. Profit before tax (PBT) stood at Rs 412.70 crore in Q4 FY26, registering a growth of 373.82% YoY and 48.29% quarter-on-quarter. EBITDA rose 85% YoY to Rs 1,115.2 crore during the quarter. The company said it had earlier reported its highest-ever operational performance, with sales of Rs 3,00,245 million and collections of Rs 1,85,146 million for FY26, underscoring continued demand strength and healthy cash flow generation across its portfolio. For the full financial year FY26, Prestige Estates reported a 155.72% increase in consolidated net profit to Rs 1,195.5 crore, while revenue from operations climbed 72.60% YoY to Rs 12,685.4 crore. Irfan Razack, Chairman and Managing Director, said: 'FY26 has been a landmark year for Prestige, marked by our highest-ever sales and collections alongside strong growth in revenue and profitability. These results reflect the strength of our brand, the trust of our customers, and our ability to execute consistently across markets and asset classes. We continue to see encouraging demand across our residential business while simultaneously expanding our footprint across commercial, retail, hospitality, and mixed-use developments. Our operational performance during the year gives us confidence as we move into the next phase of growth with a robust launch pipeline across key geographies. Backed by strong fundamentals, disciplined execution, and a diversified development portfolio, we remain focused on creating long-term value for all stakeholders.' Meanwhile, the board of Prestige Estates Projects has recommended a final dividend of 20% (Rs 2 per equity share of face value Rs 10 each) for the financial year ended 31 March 2026, subject to shareholders' approval at the company's upcoming 29th Annual General Meeting (AGM). Prestige Group has a diversified real estate portfolio spanning residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet. The counter rose 0.65% to Rs 1,394 on the BSE. Powered by Capital Market - Live News
Prestige Estates rises after residential project in Hyderabad clocks Rs 2,500 crore in early sales
21 Apr 2026
Prestige Estates Projects added 3.08% to Rs 1415.70 after the company said that it has recorded strong response to its recently launched residential project, Prestige Golden Grove, in Hyderabad.
The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls, among the highest seen for a residential launch in the city. Within two weeks of launch, the company achieved sales of over 1,700 units, translating to a total sales value exceeding Rs 2,500 crore. Located in Tellapur, Prestige Golden Grove is a large-scale residential development spread across nearly 29 acres, comprising approximately 5,120 units across 10 towers, with a total estimated gross development value (GDV) of approximately Rs 9,500 crore. Zayd Noaman, executive director, Prestige Group, said: We are pleased with the response to Prestige Golden Grove, which has been among our larger single-phase launches. The strong footfalls and early sales traction reflect the depth of demand for well-located, well-planned residential communities at the right price points.' Prestige Group has a diversified real estate portfolio spanning residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet. The company's consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.
Prestige Estates gains on Rs 9,000 crore Versova residential project entry
10 Apr 2026
Prestige Estates Projects rose 1.57% to Rs 1338.90 after the company announced its entry into a premium residential project in Mumbai through a joint venture with ABIL Group.
The development will be undertaken via Aaramnagar Realty LLP, which holds development rights for a land parcel in Versova. The project spans around 6 acres and has a total development potential of approximately 1.7 million square feet (RERA area), with an estimated gross development value of over Rs 9,000 crore. The proposed project is planned as a premium residential development, targeting rising demand in Mumbai's western suburbs. Versova remains a key micro-market due to its strong social infrastructure, connectivity, and proximity to major commercial hubs. The company said the move aligns with its strategy to expand in high-demand, supply-constrained urban markets. Mumbai continues to be a focus geography for Prestige as it looks to strengthen its presence in established residential clusters. Prestige Group has a diversified real estate portfolio spanning residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet. The company's consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.
Prestige Estates rallies on healthy pre-sales growth in Q4 FY26
8 Apr 2026
Prestige Estates Projects zoomed 8.21% to Rs 1,322.90 after the company's pre-sales jumped 10% year'on-year (YoY) to Rs 7,697 crore in Q4 March 2026.
On annual basis, the company's pre-sales surged 76% YoY to Rs 30,024 crore in FY26. The company witnessed sustained traction across its key markets during the year, driven by steady demand for well-located, high-quality developments. Sales momentum remained consistent across both new launches and ongoing inventory, reflecting resilient end-user demand. The realtor said that performance during the year was underpinned by healthy contributions from geographies including Bengaluru, NCR, Mumbai, Hyderabad, and Chennai. FY26 also marks the first time the company has crossed Rs 30,000 crore in annual pre-sales, reflecting the scale and depth of its operations across markets. Irfan Razack, chairman and managing director, said: 'We are happy to close FY26 on a strong note, with steady sales momentum through the year and a good finish in the fourth quarter. Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers. With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum in the coming year.' Prestige Group is a diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at December 2025, the Group has delivered 313 projects spanning 206 mn sft and currently has a pipeline of 128 projects across 195 mn sft. The company's consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.
Volumes soar at Prestige Estates Projects Ltd counter
25 Mar 2026
Prestige Estates Projects Ltd recorded volume of 2.68 lakh shares by 10:44 IST on BSE, a 19.02 times surge over two-week average daily volume of 14077 shares
PCBL Chemical Ltd, Delhivery Ltd, PB Fintech Ltd, Dalmia Bharat Ltd are among the other stocks to see a surge in volumes on BSE today, 25 March 2026. Prestige Estates Projects Ltd recorded volume of 2.68 lakh shares by 10:44 IST on BSE, a 19.02 times surge over two-week average daily volume of 14077 shares. The stock gained 2.52% to Rs.1,234.05. Volumes stood at 20644 shares in the last session. PCBL Chemical Ltd recorded volume of 18.02 lakh shares by 10:44 IST on BSE, a 14.61 times surge over two-week average daily volume of 1.23 lakh shares. The stock gained 15.95% to Rs.270.50. Volumes stood at 1.44 lakh shares in the last session. Delhivery Ltd clocked volume of 7.42 lakh shares by 10:44 IST on BSE, a 8.4 times surge over two-week average daily volume of 88327 shares. The stock gained 1.92% to Rs.426.40. Volumes stood at 74762 shares in the last session. PB Fintech Ltd witnessed volume of 4.21 lakh shares by 10:44 IST on BSE, a 7.2 times surge over two-week average daily volume of 58542 shares. The stock increased 0.86% to Rs.1,473.80. Volumes stood at 25764 shares in the last session. Dalmia Bharat Ltd notched up volume of 3.4 lakh shares by 10:44 IST on BSE, a 7.12 fold spurt over two-week average daily volume of 47709 shares. The stock rose 4.18% to Rs.1,873.30. Volumes stood at 4 lakh shares in the last session. Powered by Capital Market - Live News
Corporate News
Prestige Estates Projects shares financial results for Q2 2026 on its website
30 Jul 2026
Prestige Estates Projects Limited has uploaded an investor presentation detailing its financial results for the quarter ended June 30, 2026, to its website, www.prestigeconstructions.com, as per SEBI’s Listing Obligations and Disclosure Requirements.
Prestige Group’s Rs 6,000 crore Thane residential project expands Mumbai Metropolitan Region presence
30 Jul 2026
Prestige Group, in partnership with a local developer, is expanding its presence in the Mumbai Metropolitan Region with a new residential project in Thane, Maharashtra, valued at Rs 6,000 crore and spanning approximately 14.6 acres, offering over 5 million square feet of developable potential. The project, located near Kolshet –Balkum Road, will include residences and retail spaces and is expected to be developed in phases, subject to regulatory approvals, according to a press release from Prestige Estates Projects Limited.
Prestige Estates confirms Rs 5,000 crore QIP proceeds fully utilized per ICRA report
29 Jul 2026
Prestige Estates Projects Limited confirmed that the utilization of proceeds from its Qualified Institutional Placement (QIP) is in line with the objects of the issue, according to a monitoring agency report released by ICRA Limited on July 14, 2026. The report, covering the quarter ended June 30, 2026, stated that issue proceeds of Rs 5,000 crore have been fully utilized, with a revised net proceeds of Rs 4,899.17 crore due to increased issue-related expenses of Rs 1.43 crore.
Prestige Estates Projects AGM scheduled
29 Jul 2026
On 20 August 2026
Prestige Estates Projects announced that the 29th Annual General Meeting(AGM) of the company will be held on 20 August 2026.
Prestige Estates Projects to hold board meeting
22 Jul 2026
On 29 July 2026
Prestige Estates Projects will hold a meeting of the Board of Directors of the Company on 29 July 2026.
Prestige unveils convention centre in Bengaluru Airport City
11 Jun 2026
Prestige Group, in partnership with Bengaluru Airport City (BACL), today announced a landmark integrated destination within Bengaluru Airport City that will bring together business, hospitality, culture, and experiences in one seamlessly connected ecosystem. Anchored by a state-of-the-art convention centre, the development marks a significant milestone in the evolution of Bengaluru Airport City as a vibrant urban destination. Designed as a world-class business, hospitality and cultural hub, the development brings together an iconic convention and exhibition centre, luxury hotels under the globally renowned St. Regis brand and Marriott Marquis brand, premium office space, and curated food and beverage experiences within a seamlessly connected urban environment. Located within Bengaluru Airport City, the project is poised to serve a diverse mix of global travellers, event organisers, corporations, visitors, and residents. By combining world-class infrastructure with hospitality, commercial, and cultural offerings, it strengthens Bengaluru's appeal as a global gateway while advancing the vision of the Airport City as a dynamic centre for commerce, collaboration, and experiences.
Board of Prestige Estates Projects recommends final dividend
22 May 2026
Of Rs 2 per share
Prestige Estates Projects announced that the Board of Directors of the Company at its meeting held on 21 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.
Prestige Estates Projects to convene board meeting
13 May 2026
On 21 May 2026
Prestige Estates Projects will hold a meeting of the Board of Directors of the Company on 21 May 2026.
Prestige's Golden Grove project in Hyderabad records sales of Rs 2,500 cr
21 Apr 2026
Prestige Estates Projects announced a strong response to its recently launched residential project, Prestige Golden Grove, in Hyderabad, underscoring sustained homebuyer demand in the market. The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls, among the highest seen for a residential launch in the city, highlighting significant market interest. Within two weeks of launch, the Company achieved sales of over 1,700 units, translating to a total sales value exceeding Rs 2,500 crore, reflecting robust early traction. The encouraging response reflects continued customer interest and confidence in well-located, thoughtfully designed residential developments. Strategically located in Tellapur, Prestige Golden Grove is a large-scale residential development spread across ~29 acres, comprising approximately 5,120 units across 10 towers, with a total estimated gross development value (GDV) of ~Rs 9,500 crore. The project has been conceptualised to offer a blend of modern living, quality construction, and lifestyle amenities aligned with evolving customer preferences.
Prestige launches Rs 9,500 cr residential project in Hyderabad
4 Apr 2026
Prestige Estates Projects today announced the launch of Prestige Golden Grove, one of the largest residential developments in Hyderabad, located in a rapidly emerging residential hub Tellapur. Spread across 28.6 acres, Prestige Golden Grove is a large-scale residential community with a total saleable area of ~10.36 million square feet and an estimated Gross Development Value (GDV) of over Rs 9,500 crore. The project comprises 5,120 units, offering a wide range of configurations including 2, 3, 3.5, and 4-bedroom homes, along with 4-bedroom residences with staff accommodation. The residences range in size from 1,169 sq. ft. to 3,013 sq. ft., with ticket sizes ranging between Rs 1 crore and Rs 3 crore approximately, catering to a broad spectrum of homebuyers. The residences range in size from 1,169 sq. ft. to 3,013 sq. ft., with ticket sizes ranging between Rs1 crore and Rs 3 crore approximately, catering to a broad spectrum of homebuyers.
Results - Announcements
Prestige Estates Projects consolidated net profit declines 19.35% in the June 2026 quarter
30 Jul 2026
Sales rise 15.94% to Rs 2675.10 crore
Net profit of Prestige Estates Projects declined 19.35% to Rs 235.90 crore in the quarter ended June 2026 as against Rs 292.50 crore during the previous quarter ended June 2025. Sales rose 15.94% to Rs 2675.10 crore in the quarter ended June 2026 as against Rs 2307.30 crore during the previous quarter ended June 2025. Particulars Quarter Ended Jun. 2026 Jun. 2025 % Var. Sales 2675.10 2307.30 16 OPM % 31.75 38.02 - PBDT 591.40 654.80 -10 PBT 365.70 438.60 -17 NP 235.90 292.50 -19 Powered by Capital Market - Live News
Prestige Estates Projects consolidated net profit rises 900.40% in the March 2026 quarter
22 May 2026
Sales rise 166.54% to Rs 4073.80 crore
Net profit of Prestige Estates Projects rose 900.40% to Rs 250.10 crore in the quarter ended March 2026 as against Rs 25.00 crore during the previous quarter ended March 2025. Sales rose 166.54% to Rs 4073.80 crore in the quarter ended March 2026 as against Rs 1528.40 crore during the previous quarter ended March 2025. For the full year,net profit rose 155.72% to Rs 1195.50 crore in the year ended March 2026 as against Rs 467.50 crore during the previous year ended March 2025. Sales rose 72.60% to Rs 12685.40 crore in the year ended March 2026 as against Rs 7349.40 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 4073.80 1528.40 167 12685.40 7349.40 73 OPM % 24.80 34.61 - 29.10 34.23 - PBDT 650.50 303.80 114 2619.70 1568.10 67 PBT 412.70 87.10 374 1713.60 755.80 127 NP 250.10 25.00 900 1195.50 467.50 156 Powered by Capital Market - Live News
Open Free Demat Account!
