Prestige Estates PAT surges 596% in Q4 FY26

1 min read     Updated on 23 May 2026, 08:22 PM
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Prestige Estates Projects Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting record operational performance. For FY26, revenue grew 71% YoY to Rs 1,31,955 million, while PAT increased 112.80% YoY to Rs 13,119 million. In Q4 FY26, revenue rose 161% YoY to Rs 41,435 million, and PAT surged 596% YoY to Rs 2,972 million. The Board recommended a final dividend of Rs 2 per share and approved the issuance of NCDs up to Rs 2,000 Crores.

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Prestige Estates Projects Limited has released the audio recording of the investors/analyst call conducted on May 22, 2026. The call was held to discuss the audited financial results for the quarter and year ended March 31, 2026. The audited Standalone and Consolidated Financial Results were reviewed by the Audit Committee and approved by the Board of Directors on May 21, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Highlights – FY26

The company reported its highest-ever operational performance for FY26. Sales reached Rs 3,00,245 million, and collections stood at Rs 1,85,146 million. Revenue achieved an all-time high of Rs 1,31,955 million, growing 71% YoY. EBITDA rose 43% YoY to Rs 42,192 million, while Profit After Tax (PAT) surged 112.80% YoY to Rs 13,119 million. The EBITDA margin was 31.97%, and the PAT margin was 9.94%.

Financial Highlights – Q4 FY26

For the quarter ended March 31, 2026, revenue stood at Rs 41,435 million, a 161% YoY increase. EBITDA was Rs 11,152 million, up 85% YoY, and PAT was Rs 2,972 million, up 596% YoY. The EBITDA margin for the quarter was 26.91%, and the PAT margin was 7.17%.

Metric FY26 Value FY26 Growth Q4 FY26 Value Q4 FY26 Growth
Revenue Rs 1,31,955 million 71% YoY Rs 41,435 million 161% YoY
EBITDA Rs 42,192 million 43% YoY Rs 11,152 million 85% YoY
PAT Rs 13,119 million 112.80% YoY Rs 2,972 million 596% YoY
EBITDA Margin 31.97% - 26.91% -
PAT Margin 9.94% - 7.17% -

Board Decisions

The Board approved the audited financial results on May 21, 2026, and recommended a final dividend of Rs 2 per share (20%) for FY26, subject to shareholder approval. Additionally, the Board approved the issuance of Non-Convertible Debentures (NCDs) for up to Rs 2,000 Crores on a private placement basis.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE811K01011/1be309af-51a9-4940-ba84-a280e02c7131.pdf

Historical Stock Returns for Prestige Estates Projects

1 Day5 Days1 Month6 Months1 Year5 Years
+0.21%+1.37%-1.01%-17.77%-3.08%+418.39%

How will Prestige Estates deploy the Rs 2,000 Crore NCD proceeds, and what impact could this debt issuance have on the company's leverage ratios and future profitability?

Given the 71% YoY revenue growth in FY26, what new project launches or geographic expansions is Prestige Estates planning to sustain this momentum into FY27?

With EBITDA margins at 31.97% for FY26 but dipping to 26.91% in Q4, what cost pressures or project mix changes could influence margin trajectory in the coming quarters?

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Prestige Estates reports no deviation in QIP proceeds utilization

5 min read     Updated on 13 May 2026, 04:35 PM
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Prestige Estates Projects Limited disclosed the Monitoring Agency Report for Q4 FY26, confirming no deviation in the utilization of QIP proceeds. Net proceeds were revised to ₹4899.17 crore due to higher issue-related expenses.

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Prestige Estates Projects Limited has submitted its Monitoring Agency Report to the stock exchanges for the quarter ended March 31, 2026. The report, prepared by ICRA Limited, confirms that the utilization of proceeds from the company's Qualified Institutional Placement (QIP) is in line with the stated objects of the issue.

The QIP, which opened on August 29, 2024, and closed on September 4, 2024, had a gross issue size of ₹5000.00 crore. The net proceeds were initially estimated at ₹4900.60 crore but have been revised to ₹4899.17 crore. This revision is attributed to an increase in actual issue-related expenses by ₹1.43 crore as of March 31, 2026.

Utilization of Proceeds

The monitoring agency verified that all utilization of funds is as per the disclosures in the offer document. The proceeds were allocated towards repayment of borrowings, acquisition of land, investment in subsidiaries and joint ventures, and general corporate purposes.

Object Original Cost (₹ Crore) Revised Cost (₹ Crore) Amount Utilized (₹ Crore)
Repayment of borrowings 1500 Not Applicable 1500.00
Acquisition of land 1000 Not Applicable 1000.00
Investment in Subsidiaries/JVs 1250 Not Applicable 1173.07
General Corporate Purpose 1150.60 1149.17 1149.17
Total 4900.60 4899.17 4923.07

Deployment of Unutilized Proceeds

As of March 31, 2026, the total unutilized amount stood at ₹76.93 crore. These funds have been deployed in fixed deposits and are held in bank accounts. The total deployment, including accrued interest, amounted to ₹78.14 crore.

Instrument Amount Invested (₹ Crore) Maturity Date Return on Investment
Fixed Deposit with ICICI Bank 1.00 Jun 25, 2026 4.50%
Fixed Deposit with SBI Bank 3.07 Jun 16, 2026 5.35%
Fixed Deposit with SBI Bank 3.03 Jun 19, 2026 5.35%
Fixed Deposit with SBI Bank 5.77 Jun 30, 2026 5.35%
Fixed Deposit with SBI Bank 20.00 May 20, 2026 5.10%
Fixed Deposit with SBI Bank 20.00 May 20, 2026 5.10%
Fixed Deposit with SBI Bank 20.00 May 20, 2026 5.10%
Balance in Monitoring/Current Accounts 4.89 - -
Total 77.76 -

Implementation Status

The report indicates that the repayment of borrowings and land acquisition are on schedule. Investment in subsidiaries and joint ventures, totaling ₹1173.07 crore, has been utilized, with the balance expected to be deployed by the end of FY 2027. The general corporate purpose allocation is also on schedule.

Historical Stock Returns for Prestige Estates Projects

1 Day5 Days1 Month6 Months1 Year5 Years
+0.21%+1.37%-1.01%-17.77%-3.08%+418.39%

How will Prestige Estates deploy the remaining INR 76.93 Crore in subsidiary and joint venture investments before the FY2027 deadline, and which specific projects or entities are likely to receive these funds?

Given that Prestige Estates used a significant portion of GCP funds for loan repayment and working capital rather than growth initiatives, what does this signal about the company's near-term capital allocation strategy?

How has the debt repayment of INR 1500 Crore from QIP proceeds impacted Prestige Estates' overall leverage ratios and borrowing costs, and could this improve its credit profile for future fundraising?

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