Prestige Estates Projects Limited Reports Consolidated Financial Results for Quarter Ended June 30, 2026
Prestige Estates Projects Limited has announced its unaudited consolidated financial results for the quarter ending June 30, 2026. The company's Board of Directors approved the results, alongside Unaudited Standalone Financial Results, which detail performance across both the parent and various group entities.The consolidated figures reflect robust revenue generation, driven by a wide array of subsidiaries and joint ventures operating in the real estate development sector. For the quarter ending June 30, 2026, Prestige Estates Projects recorded total income of Rs. 28,356 million from operations.
Key Financial Highlights (Consolidated)
The company's performance was reviewed against previous periods, with figures presented both for the current quarter and comparable prior periods:| Particulars | Qtr Ended June 30, 2026 (Unaudited) | Qtr Ended March 31, 2026 (Audited) | Qtr Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 26,751 Million Rs. | 40,738 Million Rs. | 23,073 Million Rs. | 126,854 Million Rs. |
| Total Income | 28,356 Million Rs. | 41,435 Million Rs. | 24,687 Million Rs. | 131,955 Million Rs. |
| Net Profit for the Period/Year | 2,714 Million Rs. | 2,918 Million Rs. | 3,115 Million Rs. | 13,054 Million Rs. |
| Earnings Per Share (Basic/Diluted) | 5.48 | 5.81 | 6.79 | 27.76 |
Standalone Performance and Business Updates
The standalone results also show profitability, with the company reporting a net profit of 114 million Rs. for the quarter ended June 30, 2026.Operationally, the company has been active in strategic growth initiatives:
- Acquisitions: During the quarter ending June 30, 2026, Prestige Estates Projects Limited acquired a 50% partnership interest in Aaramnagar Realty LLP.
- Capital Raise: In the financial year ended March 31, 2025, the company successfully raised Rs. 50,000 million through an issuance of 29,868,578 Equity Shares via a Qualified Institutional Placement (QIP). The entire amount raised has been utilized as of June 30, 2026.
- Dividend Recommendation: The Board of Directors recommended a Final Dividend of Rs. 2.00 per share for the financial year ended March 31, 2026, subject to approval at the Annual General Meeting.
Subsidiary and Joint Venture Performance
The consolidated results incorporate performance data from numerous entities, including 70 subsidiaries and 11 joint ventures. The unaudited interim financial results of the 70 subsidiaries showed a total revenue of Rs. 15,170 million, yielding a net profit/(loss) after tax of Rs. 1,878 million and a total comprehensive income of Rs. 1,878 million for the quarter ended June 30, 2026.Note on Ongoing Matters
The independent auditor's review reports draw attention to ongoing legal proceedings related to real estate projects and income tax search matters, which impact both the standalone and consolidated financial results. The management confirmed that they do not expect any further liability following a search conducted under Section 132 of the Income Tax Act during the year ended March 31, 2025.PRESTIGE Stock Price Movement
Shares of Prestige Estates Projects Limited slipped today by 1.03% to settle at ₹1665 after closing, down ₹17.30. The stock saw a trade volume of 908,875 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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