Prestige Estates Projects Limited announced its Q3FY26 financial results for the quarter and nine months ended December 31, 2025, showcasing strong revenue growth despite challenges in profitability. The Board of Directors approved the unaudited standalone and consolidated financial results at their meeting held on January 29, 2026.

Standalone Financial Performance

The company delivered impressive revenue growth in Q3FY26, with standalone revenue from operations reaching ₹11,294 million, marking a substantial 59.04% increase from ₹7,100 million in Q3FY25. This strong operational performance demonstrates the company's ability to capitalize on market opportunities and execute its development projects effectively.

Despite the strong revenue performance, net profit declined significantly to ₹458 million from ₹1,317 million in Q3FY25. The company reported total income of ₹12,231 million compared to ₹8,241 million in the previous year quarter. Basic earnings per share decreased to ₹1.06 from ₹3.06 in Q3FY25.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Prestige Estates Projects maintained steady growth momentum with revenue from operations of ₹23,836 million compared to ₹22,854 million in the corresponding period last year. The company achieved net profit of ₹790 million for the nine-month period, significantly lower than ₹1,693 million in the previous year.

Consolidated Results Show Strong Performance

The consolidated financial results presented a more robust picture, with Q3FY26 revenue from operations reaching ₹38,726 million compared to ₹16,545 million in Q3FY25, representing a remarkable 134.00% growth. Consolidated net profit stood at ₹2,447 million versus ₹322 million in the previous year quarter.

Corporate Developments and Strategic Initiatives

During the nine months ended December 31, 2025, the company undertook several strategic acquisitions to strengthen its market position. Prestige Estates Projects acquired additional stakes in subsidiaries including Prestige Nottinghill Investments, Apex Realty Ventures LLP, and Prestige AAA Investments. The company also acquired a controlling stake in Bharatnagar Buildcon LLP.

The company continues to benefit from its Qualified Institutional Placement (QIP) completed during the year ended March 31, 2025, which raised ₹50,000 million. As of December 31, 2025, ₹46,784 million has been utilized for intended purposes, with the balance ₹3,750 million maintained in bank accounts and temporary investments.

Operational Highlights and Future Outlook

Prestige Estates Projects operates as a comprehensive real estate development company, with the Chief Operating Decision Maker reviewing operations as a single reportable segment focused on real estate development and related activities. The company's revenue from operations relates entirely to real estate development in India, with all non-current assets located domestically.

The financial results reflect the company's continued focus on expanding its development portfolio and strengthening its market presence across key Indian cities. With substantial cash reserves from the QIP and ongoing project execution capabilities, the company remains well-positioned for future growth opportunities in the Indian real estate sector.

Prestige Estates Projects Limited has received a cautionary email from the National Stock Exchange of India Limited (NSE) regarding observations made by its secretarial auditor in the Secretarial Compliance Report for the financial year ended March 2025. The company made this disclosure on January 28, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NSE Communication Details

The cautionary email was received on January 27, 2026, from NSE's Listing Compliance Department. The exchange cautioned the company to be more careful in future to avoid recurrence of such lapses and requested adherence to applicable provisions under SEBI (LODR) Regulations, 2015.

Compliance Observations

The secretarial auditor identified three specific compliance issues during FY 2024-25:

Corporate Governance Reporting Error

The first observation related to the Corporate Governance Report submitted for the quarter ended December 31, 2024. NSE sought clarification on February 20, 2025, regarding exceeding directorship/membership/chairmanship limits in Audit Committee and Stakeholders Relationship Committee for Director Srinivasarao Nagabhushana Rao Nagendra. The company clarified that the director was inadvertently mentioned as chairman of a subsidiary company committee when he was only a member.

Investor Meeting Intimation Delay

The second issue concerned the intimation schedule for analysts or institutional investor meetings under SEBI regulations. NSE raised this matter via email on August 5, 2024, noting that the schedule was not intimated at least 2 working days in advance. The company responded that their August 3, 2024 intimation covered group meetings from August 7-23, 2024, meeting the 2-day requirement for group meetings, while the August 6 meeting was individual and didn't require prior intimation.

Late Financial Filing

The third observation involved delayed submission of Integrated Filing - Financial for the period ended December 31, 2024. NSE issued an advisory on February 10, 2025, noting the company failed to submit the filing under the designated path within specified timelines as per NSE Circular NSE/CML/2025/02.

Additional Regulatory Matter

The company also disclosed that SEBI conducted an investigation into suspected insider trading in Prestige Estates Projects' scrip. SEBI initially sought information via email on August 26, 2024, which the company provided on August 29, 2024. Additional information requests on August 31 and September 2, 2024, were responded to on September 13, 2024.

Company Response

Prestige Estates Projects has acknowledged all observations and committed to exercising greater caution in future compliance matters. The company emphasized that these issues had no quantifiable financial impact on its operations or other activities. Management responses indicate corrective measures have been implemented to prevent recurrence of such compliance lapses.