Prestige Estates' Profit in March Quarter Down by 81.91%
By Ankur Chandra | Updated at: May 31, 2025 10:46 PM IST
Bengaluru, May 30, 2025 – Prestige Estates Projects Ltd (NSE: PRESTIGE) has announced the release of its financial reports for the Q4 and the full financial year FY25. the reports revealed a mixed bag of strong sales but weakened profitability.
Key Financial Highlights
Q4 FY25 (Standalone)
| Metric | Q4 FY25 | YoY Change |
|---|---|---|
| Revenue | ₹15,893 Mn | -28.81% |
| EBITDA | ₹6,020 Mn | -32.83% |
| PAT | ₹427 Mn | -81.91% |
| EBITDA Margin | 37.88% | |
| PAT Margin | 2.69% |
FY25 (Standalone)
| Metric | FY25 | YoY Change |
|---|---|---|
| Revenue | ₹77,355 Mn | -17.93% |
| EBITDA | ₹29,449 Mn | -27.23% |
| PAT | ₹6,165 Mn | +2,214% YoY* |
| EBITDA Margin | 38.07% | |
| PAT Margin | 7.97% |
Operational Performance
Q4 FY25
- Sales Bookings: ₹69,574 Mn (+48% YoY)
- Area Sold: 4.49 Mn sft (+49% YoY)
- Units Sold: 2,301
- Average Realisation: ₹15,524/sft (+35% YoY)
FY25
- Sales Bookings: ₹1,70,231 Mn (-19% YoY)
- Area Sold: 12.58 Mn sft (-38% YoY)
- Units Sold: 5,919
- Average Realisation: ₹14,113/sft (+36% YoY)
Despite lower volume, higher realisation helped decrease the company’s topline contraction.
Segment-wise FY25 Performance
| Segment | Revenue (₹ Mn) | EBITDA Margin | PAT (₹ Mn) |
|---|---|---|---|
| Residential | ₹47,733 | 25% | ₹4,292 |
| Office | ₹3,164 | 84% | ₹153 |
| Retail | ₹2,767 | 50% | ₹591 |
| Services | ₹5,070 | 11% | ₹280 |
Notable Corporate Developments
- Mumbai Sales Surpass Bengaluru: For the first time, Mumbai’s sales overtook those of Bengaluru in Q4 FY25. They were led by the successful launch of Prestige Nautilus, generating ₹2,400 Cr in just one month.
- ₹5,000 Cr QIP Raised: The QIP strengthened the balance sheet via Qualified Institutional Placement in August 2024.
- DRHP Filed for Hospitality Unit: The company submitted its Draft Red Herring Prospectus for Prestige Hospitality Ventures Ltd to SEBI in April 2025.
Debt Profile & Cash Flows
- Net Debt: ₹67,165 Mn
- Debt-to-Equity Ratio: 0.42
- Average Cost of Debt: 10.32%
- Operating Cash Flow (FY25): ₹45,130 Mn
- Free Cash Flows from Residential Sales: ₹4,38,039 Mn.
Geographical Sales Breakdown (FY25)
- Bengaluru: ₹77,485 Mn (45%)
- Mumbai: ₹50,945 Mn (30%)
- Hyderabad: ₹39,030 Mn (23%)
- Others: ₹2,771 Mn (2%)
Strategic Outlook
Prestige has 67 upcoming projects totalling 88 million square feet across residential, commercial, and retail segments. This makes Prestige well-positioned for continued growth. It has a significant project pipeline in the NCR, Goa, and Mumbai regions, aligning with its market diversification strategies.
Management Commentary:
While the report does not include direct quotes, the launch momentum, sales mix shift toward premium Mumbai projects, and conservative debt management reflect a proactive and growth-aligned leadership strategy.
Prestige Estates Projects Ltd
Prestige Estates Projects Ltd. is an Indian company that operates in the real estate market, developing retail, residential, commercial, and hospitality projects. The company was founded in 1986 and has completed over 300 projects across 13 cities. The company holds a DA1+ “Excellent” developer grading and an ICRA A+ “Stable” rating.
REF: https://prestigecorporatesite.s3.ap-south-1.amazonaws.com/investors/financial-performance/fy-2024-2025/Investor-Presentation—Q4.pdf
