Prestige Estates Projects' Q1 FY 2026-27 Quarterly Results

Result Summary

• Prestige Estates Projects Ltd reported a 31.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 14.9%.
• Its expenses for the quarter were down by 33.4% QoQ and up 22.1% YoY.
• The net profit decreased 7.0% QoQ and decreased 12.9% YoY.
• The earnings per share (EPS) of Prestige Estates Projects Ltd stood at 5.48 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Prestige Estates Projects Ltd is a prominent real estate developer in India, known for its extensive portfolio in residential, commercial, retail, and hospitality segments. The company is renowned for its diverse range of properties that include luxury apartments, office spaces, shopping malls, and hotels. Prestige Estates has a strong presence in major cities across India, including Bangalore, Hyderabad, Chennai, and Kochi, among others. The company has established itself as a key player in the real estate industry with its commitment to quality and timely delivery. As of the latest available information, there are no specific recent developments available for Prestige Estates Projects Ltd.

Revenue

In Q1FY27, Prestige Estates Projects Ltd reported a total income of ₹2835.60 crores. This represents a 31.6% decrease compared to the previous quarter (Q4FY26) where the total income was ₹4143.50 crores. However, on a year-over-year basis, there was a notable increase of 14.9% from Q1FY26 when the total income stood at ₹2468.70 crores. This illustrates a substantial rise in revenue generation compared to the same quarter of the previous year, despite a quarter-over-quarter decline. The fluctuations in revenue could be attributed to various factors inherent in the real estate sector, including project completions and sales cycles, although no specific reasons can be deduced from the data provided.

Profitability

Prestige Estates Projects Ltd's profitability metrics for Q1FY27 reveal a profit before tax of ₹376.00 crores, which marks a 16.0% decline from the previous quarter's figure of ₹447.80 crores. Compared to Q1FY26, the profit before tax decreased by 17.4% from ₹455.10 crores. The profit after tax for Q1FY27 was ₹271.40 crores, showing a 7.0% decrease from Q4FY26's ₹291.80 crores and a 12.9% decrease compared to Q1FY26's ₹311.50 crores. The tax expense for Q1FY27 was ₹94.30 crores, decreasing by 22.0% from the previous quarter and by 25.8% year-over-year. These figures indicate a reduction in profitability on both a quarterly and annual basis.

Operating Metrics

The earnings per share (EPS) for Prestige Estates Projects Ltd in Q1FY27 was ₹5.48, a decrease of 5.7% from the previous quarter's EPS of ₹5.81. On a year-over-year basis, the EPS declined by 19.3% from ₹6.79 in Q1FY26. This decrease in EPS reflects the reduced profitability in the current quarter. Total expenses for Q1FY27 were ₹2459.60 crores, reflecting a 33.4% reduction from the previous quarter's expenses of ₹3695.70 crores. However, compared to Q1FY26, expenses increased by 22.1% from ₹2013.60 crores, indicating a rise in the cost structure year-over-year. These operating metrics highlight the variations in the company's operational efficiency and cost management over different periods.