Prestige Estates Posts Record ₹18,143.7 Crore Sales H1 FY26; Stock Climb Up

Bengaluru, October 9, 2025: Prestige Estates Projects Limited (NSE: PRESTIGE, BSE: 533274) share price witnessed a gain of more than 4% in early trade on Thursday following the company’s highest-ever half-yearly sales of ₹18,143.7 crore during H1 FY26, which exceeded its entire FY25 sales.

Founded in 1986 and listed since 2010, Prestige Estates Projects Ltd is among India’s leading real estate developers with a portfolio spanning residential, commercial, retail, hospitality, and township projects across major cities. As of June 2025, the company has delivered 307 projects covering 199 million sq ft and holds a pipeline of 132 projects across 200 million sq ft.

Impressive Half-Year Performance

The Bengaluru-based realty major delivered a strong operational performance in the first half of FY26, driven by steady demand across key metros and successful project launches. The company reported Q2 FY26 sales of ₹60,173 million, a 50% year-on-year increase, while H1 FY26 sales reached ₹1,81,437 million, up 157% from the same period last year. Sales volume for the six-month period totalled 13.96 million sq ft, with 6,788 units sold. Collections rose 55% YoY to ₹87,356 million, and average apartment realisations increased 8% to ₹14,906 per sq ft. The plotted developments segment also recorded a significant 43% YoY rise in average realisations, reaching ₹9,510 per sq ft.

Balanced Geographic Mix

Prestige Estates recorded a well-spread sales mix for key geographies. The top contributors were the National Capital Region (NCR) and Bengaluru, representing 45% and 27% of H1 sales, respectively. Mumbai contributed 16%, followed by Hyderabad at 7% and Chennai at 4%, demonstrating strong pan-India traction across plotted development as well as residential projects.

Launches and Project Completions

In Q2 FY26, Prestige launched 3.87 million sq ft of new projects, with a total gross development value (GDV) of ₹3,966.9 crore. Key launches included Mayflower within The Prestige City in NCR and Prestige Autumn Leaves in Bengaluru. Other notable developments, such as Prestige Greenbrook and Prestige Crystal Lawns in Bengaluru, further expanded the company’s portfolio. During the first half of FY26, the firm completed 7.99 million sq ft of projects, including landmark developments like Aspen Greens and Avalon Park at The Prestige City, Bengaluru.

Commercial and Retail Segments

Prestige’s office leasing operations maintained strong momentum, with 2.3 million sq ft leased and an impressive occupancy rate of 93.42%. The company projects FY26 exit rentals of ₹819.9 crore from its commercial portfolio. On the retail front, turnover rose 9% YoY to ₹623.6 crore, supported by 4.8 million footfalls and near-full occupancy at 99%.

Stock Market and Valuation

Following a surge at 11:30 AM IST, Prestige Estates shares were trading at ₹1,562.10, up 3.19%, valuing the company at ₹67,969 crore. Over the past 52 weeks, the stock has fluctuated between ₹1,048.05 and ₹1,909.85. The company’s inclusion in the Nifty Midcap 50 index reflects strong investor confidence, underpinned by its record financial and operational performance.

Management Commentary

Irfan Razack, Chairman and Managing Director, said, “We are delighted to report an outstanding first half marked by record sales and strong collections. Our flagship Mumbai project Prestige Nautilus achieved over ₹4,400 crore in value with more than 60% inventory sold, while The Prestige City Indirapuram in NCR clocked sales above ₹8,300 crore. These reflect the enduring strength of the Prestige brand and India’s appetite for quality real estate.”

REF: https://nsearchives.nseindia.com/corporate/PRESTIGE_08102025185711_Operations_Update_Intimtion_Q2_2025-26.pdf

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