Prestige Estates Projects has delivered outstanding operational performance in Q3 and 9M FY26, setting new benchmarks in sales and collections while expanding its premium project portfolio with strategic launches in Bengaluru's prime locations.

Record-Breaking Financial Performance

The company achieved unprecedented financial milestones during the nine-month period of FY26, demonstrating strong market demand and execution capabilities.

Strong Q3 FY26 Performance

The third quarter of FY26 showcased robust growth momentum, with pre-sales reaching ₹41.80 billion. This represents a significant 39% year-on-year growth, reflecting the company's strong market position and effective sales strategy. The quarterly performance contributed substantially to the overall nine-month achievements, indicating consistent execution across multiple projects and geographies.

Strategic Project Launch

Prestige Estates Projects has unveiled Evergreen at Prestige Raintree Park, a premium residential destination located in Whitefield, Bengaluru. This strategic launch represents a significant addition to the company's project portfolio.

Market Position and Growth Trajectory

The exceptional performance in both sales and collections during 9M FY26 positions Prestige Estates Projects as a leading player in the real estate sector. The combination of record-breaking financial achievements and strategic project launches in prime locations like Whitefield demonstrates the company's ability to capitalize on market opportunities while maintaining strong operational execution across its diverse portfolio.

Prestige Estates Projects 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.

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 Completions

During Q3 FY26, the company completed 4.72 million sq. ft., taking total completions for 9M FY26 to 12.71 million sq. ft.

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.

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 that achieving the highest-ever sales and collections, surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of market positioning. 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, provides resilience to market cycles and helps insulate the business from short-term fluctuations in any single market or segment.