Prestige Estate: Reports ₹41.8B Pre-Sales In Q3 FY26, Up By 39% From Last Year
Prestige Estates Projects delivered exceptional Q3 FY26 performance with pre-sales of ₹41,836 million, marking 39% year-on-year growth, while nine-month sales reached a record ₹223,273 million with 122% growth. The company maintained strong execution with 5.02 million sq. ft. of launches and 4.72 million sq. ft. of completions during the quarter, alongside robust collections of ₹45,475 million in Q3 FY26.
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Prestige Estates Projects Limited announced exceptional operational performance for the quarter and nine months ended December 31, 2025, delivering record-breaking sales and collections alongside sustained execution momentum. The company achieved Q3 FY26 pre-sales of ₹41,836 million, representing a robust 39% year-on-year growth, while nine-month sales reached a record ₹223,273 million, marking a remarkable 122% year-on-year increase.
Record-Breaking Sales Performance
The company's sales performance reached unprecedented levels during the reporting period. Q3 FY26 pre-sales of ₹41,836 million demonstrated strong momentum, while the nine-month performance was particularly impressive, with pre-sales surging to ₹223,273 million, marking the highest sales ever achieved by the company and surpassing previous full-year peaks within just nine months.
| Metric: | Q3 FY26 | 9M FY26 | Growth (YoY) |
|---|---|---|---|
| Pre-sales: | ₹41,836 million | ₹223,273 million | 39% (Q3), 122% (9M) |
| Sales Volume: | 2.99 million sq. ft. | 16.95 million sq. ft. | - |
| Units Sold: | 1,811 units | 8,598 units | - |
| Average Realization: | ₹14,459 per sq. ft. | - | 6% |
The geographical sales mix remained well diversified during Q3 FY26, with Mumbai contributing 36%, Bengaluru 25%, Hyderabad 16%, NCR 16%, Chennai 5%, and Kochi 2% of total sales. Plot realizations showed particularly strong momentum, with average realization at ₹9,165 per sq. ft., recording a significant 31% year-on-year increase.
Strong Collections and Cash Flow
Collections performance mirrored the exceptional sales trajectory. Q3 FY26 collections stood at ₹45,475 million, registering a solid 40% year-on-year growth. For the nine-month period, collections reached ₹132,833 million, marking the highest collections ever achieved by the company in any nine-month period and exceeding collections recorded in previous full financial years.
Development Pipeline and Execution
The company maintained strong execution momentum with significant project launches and completions. During Q3 FY26, Prestige Estates launched 5.02 million sq. ft., bringing total launches in 9M FY26 to 23.83 million sq. ft. The cumulative GDP of residential launches during the nine-month period reached ₹196,190 million.
Key Q3 FY26 Launches
| Project: | Location | Segment | Area (Million sq. ft.) |
|---|---|---|---|
| Forum @ The Prestige City (Hyd): | Hyderabad | Retail | 1.71 |
| Forum @ The Prestige City Indirapuram: | NCR | Retail | 1.21 |
| Prestige Garden Trails: | Mumbai | Residential | 2.10 |
| Total: | - | - | 5.02 |
Project Completions
During Q3 FY26, the company completed 4.72 million sq. ft., taking total completions for 9M FY26 to 12.71 million sq. ft.
| Project: | Location | Segment | Area (Million sq. ft.) |
|---|---|---|---|
| Eden Park @ TPC: | Bengaluru | Residential | 2.69 |
| Prestige Green Gables: | Bengaluru | Residential | 0.71 |
| Prestige Tech Hub: | Bengaluru | Commercial | 1.33 |
| Total: | - | - | 4.72 |
Commercial Portfolio Performance
Office Portfolio
The office portfolio demonstrated strong operational metrics with leasing of 0.56 million sq. ft. during Q3 FY26. Occupancy across the operating office portfolio remained robust at over 95% as of December 31, 2025. Exit rentals from the office portfolio for FY26 are expected to be ₹8,286 million, with projections to reach approximately ₹40,000 million by FY30 upon completion of the ongoing construction pipeline.
The company recently completed Prestige Lakeshore Drive and Prestige Capital Square, premium office developments spanning 3.70 million sq. ft. in Bengaluru. With leasing largely concluded, these assets are positioned to augment the company's steady cash flow profile and annuity income.
Retail Portfolio
The retail segment showed strong performance indicators with total mall footfalls of 5.20 million during Q3 FY26. Gross Turnover across malls reached ₹7,015 million, reflecting a healthy 14% year-on-year growth. Occupancy across the retail portfolio remained exceptionally strong at over 99% as of December 31, 2025.
| Retail Metrics: | Q3 FY26 | Growth/Status |
|---|---|---|
| Mall Footfalls: | 5.20 million | - |
| Gross Turnover: | ₹7,015 million | 14% YoY |
| Occupancy: | Over 99% | - |
| Exit Rentals FY26: | ₹2,754 million | - |
| Projected Exit Rentals FY30: | ~₹10,920 million | - |
With 13 malls in the development pipeline, exit rentals are projected to grow to approximately ₹10,920 million by FY30, significantly scaling the retail annuity platform.
Management Commentary
Chairman and Managing Director Irfan Razack highlighted the validation of demand environment and execution platform strength. He emphasized the company's well-diversified portfolio across geographies and asset classes, with residential development complemented by stable and growing annuity income from office and retail assets. The diversification strategy provides resilience to market cycles and helps insulate the business from short-term fluctuations in any single market or segment.
Historical Stock Returns for Prestige Estates Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.15% | -9.25% | -9.68% | -11.49% | +5.16% | +407.94% |
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