Prestige Estates Projects Ltd , a leading real estate developer, has made significant strides in land acquisition and financial performance during the first quarter of the fiscal year. The company has embarked on an ambitious expansion plan while delivering robust financial results.

Land Acquisition Spree

Prestige Estates Projects has acquired 102 acres of land across four major Indian cities during the April-June quarter. This strategic move aims to develop residential projects with an estimated gross development value of Rs 20,400 crore. The acquisitions include:

• 65 acres in Hyderabad (28 acres in Tellapur and 37 acres in Pulimamidi)
• 27 acres across three locations in Bengaluru
• 3.48 acres in Chennai's Velachery
• 6.3 acres in Mumbai

This land acquisition spree demonstrates the company's commitment to expanding its presence in key real estate markets across India.

Strong Financial Performance

The company has reported impressive financial results for the quarter:

• Net Profit: Consolidated net profit increased by 26% to Rs 292.50 crore, up from Rs 232.60 crore in the previous year.
• Total Income: Rose to Rs 2,468.70 crore from Rs 2,024.50 crore, marking a significant year-on-year growth.
• Sales Bookings: Jumped four-fold to Rs 12,126.40 crore, primarily driven by strong demand for its Ghaziabad housing project. This is a substantial increase from Rs 3,029.50 crore in the same period last year.

Financial Highlights

Future Outlook

Prestige Estates Projects has set an ambitious guidance target of Rs 27,000 crore in sales bookings for the current fiscal year. This target reflects the company's confidence in the real estate market and its ability to capitalize on the growing demand for housing across major Indian cities.

The company's strategic land acquisitions, coupled with its strong financial performance, position it well for future growth in the competitive real estate sector. As Prestige Estates Projects continues to expand its footprint across Bengaluru, Hyderabad, Chennai, and Mumbai, investors and homebuyers alike will be watching closely to see how these ambitious projects unfold in the coming quarters.

Prestige Estates Projects Limited , a leading real estate developer, has maintained its ambitious pre-sales target for the fiscal year 2026, demonstrating confidence in its growth trajectory despite strong recent performance.

Financial Targets

The company has reaffirmed its pre-sales target of ₹25,000-27,000 crore for FY'26, following robust quarterly results. This target underscores Prestige Estates' optimistic outlook on the real estate market and its own capabilities to meet growing demand.

Revenue Projections

Prestige Estates has provided insights into its expected revenue streams:

Residential Segment

The company estimates residential revenue recognition to be in the range of ₹8,000-10,000 crore.

Office Rental Income

Projected to reach ₹8,200.00 million by the end of FY'26, indicating a strong focus on commercial real estate.

Debt Outlook

While maintaining an aggressive growth strategy, Prestige Estates anticipates an increase in debt:

• Expected debt increase: ₹1,000-1,200 crore in FY'26
• This projection assumes no additional monetization measures are implemented

Investor Communication

Prestige Estates recently held an investors/analyst call to discuss the financial results for the quarter ended June 30, 2025. The company has made the audio recording of this call available to the public, demonstrating its dedication to keeping investors informed about its performance and future outlook.

Prestige Estates' maintained targets and projections reflect a bullish stance on the real estate market. The company's strategy appears to balance ambitious growth with careful financial management, as evidenced by its detailed revenue and debt projections. As the real estate sector continues to evolve, investors and industry observers will be keenly watching Prestige Estates' performance in the coming quarters to see if it can meet these ambitious targets.