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Prestige Estates Projects Ltd recorded a 95% rise in consolidated net profit to INR 457.4 crore for the quarter ended September, compared to INR 234.6 crore in the same period last year. The company's total income grew to INR 2,697.8 crore from INR 2,423.8 crore, supported by better sales and lower expenses. Chairman and Managing Director Irfan Razack said the first half of FY26 was encouraging, driven by steady sales momentum and strong cash flows. With a solid launch pipeline, Prestige aims to maintain its growth through the rest of the fiscal year.
Prestige Estates Projects Ltd has reported a strong financial performance for the September quarter, with its consolidated net profit rising 95% year-on-year to INR 457.4 crore. In the same quarter of the previous year, the company had posted a profit of INR 234.6 crore. The improvement was attributed to higher income and effective control over expenses. Advertisement
According to the company's regulatory filing, total income during the second quarter of the current fiscal increased to INR 2,697.8 crore, up from INR 2,423.8 crore a year earlier. The results indicate continued operational efficiency and consistent growth across its real estate portfolio.
Chairman and Managing Director Irfan Razack said the company delivered steady financial and operational performance through the first half of FY26. He mentioned that the six-month period saw strong sales momentum and healthy cash flows, reflecting the continued trust of homebuyers and investors in the Prestige brand.
Razack further noted that the company remains focused on timely project delivery, careful capital allocation, and expansion across key growth markets. He stated that Prestige has a robust pipeline of launches planned for the coming quarters, which positions it well to sustain growth for the remainder of the fiscal year.
Over the past three decades, Prestige Estates has built a diversified portfolio that includes residential, commercial, retail, hospitality, and mixed-use developments. The group has completed over 200 million square feet of developable area across various cities in India. It continues to expand its presence in high-demand urban markets, leveraging its experience and established brand reputation.
Industry observers note that Prestige's consistent performance aligns with the broader recovery in India's real estate sector, driven by strong housing demand and steady commercial leasing. The company's ability to maintain profitability through controlled costs and timely project completions has strengthened its financial position and investor confidence.
Source PTI
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