Prestige Estates Projects Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company achieved its highest-ever operational performance in FY26, with sales reaching Rs 3,00,245 million and collections at Rs 1,85,146 million. Revenue grew 71% year-on-year (YoY) to an all-time high of Rs 1,31,955 million, while Profit After Tax (PAT) surged 112.80% YoY to Rs 13,119 million. The EBITDA margin stood at 31.97%, and the PAT margin was 9.94%.

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%.

The Board of Directors approved the audited financial results on May 21, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board 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.

Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the investors/analyst call conducted on May 22, 2026, regarding the financial results for the quarter ended March 31, 2026, has been uploaded to the company's website. The transcript is available under the Investors section.

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.

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.

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.