Prestige Estates Projects Limited (NSE: PRESTIGE) shares closed at ₹1,427.50 on the NSE at today’s market close, reflecting an intraday increase of 0.39% from the previous session’s close. Market data show the stock’s movement during the session based on trading reported for January 29, 2026.
Financial Results
Prestige Estates’ consolidated total income for Q3 FY26 was ₹38,855 million, up from ₹17,979 million in Q3 FY25. Consolidated net profit after tax for the quarter was ₹24,470 million versus ₹3,220 million in the prior period. Comprehensive income attributable to owners of the parent was ₹22,280 million.
On a standalone basis, revenue from operations for Q3 FY26 increased to ₹11,294 million from ₹7,100 million a year earlier. Total standalone income was ₹12,231 million. Finance costs remained a material expense line. Profit before tax was ₹310 million, and profit after tax was ₹458 million for the quarter. For the nine months ended December 31, 2025, standalone revenue from operations reached ₹23,836 million, and net profit was ₹790 million.
Operational Performance
Prestige Estates reported record operational results for the quarter and nine months. Pre-sales in Q3 FY26 totalled ₹41,836 million, a 39% year-on-year increase, and nine-month pre-sales were ₹223,273 million, up 122% and exceeding the company’s previous full-year peak within nine months. Volumes for Q3 were 2.99 million square feet with 1,811 units sold. Nine-month volumes reached 16.95 million square feet with 8,598 units sold. Average realization improved to ₹14,459 per square foot, with plot realization at ₹9,165 per square foot. Collections for Q3 FY26 were ₹45,475 million, and nine-month collections were ₹132,833 million.
Segment Updates
Residential: Sales activity spanned key markets, with the geographical mix showing contributions from Mumbai, Bengaluru, Hyderabad, NCR, Chennai, and Kochi. The residential segment contributed a significant portion of pre-sales and collections during the quarter.
Commercial and Office: Office leasing for Q3 FY26 totaled 0.56 million square feet. Portfolio occupancy remained above 95% as of December 31, 2025. Projected exit rentals for the office portfolio in FY26 were stated at ₹8,286 million, with expected annuity income of approximately ₹40,000 million by FY30 upon completion of the development pipeline.
Retail: Total mall footfalls in the quarter were 5.2 million. Gross turnover across the retail portfolio was ₹7,015 million for the period, with occupancy over 99%. Exit rentals for FY26 were projected at ₹2,754 million. A retail development pipeline was noted with 13 malls under construction.
Project Launches and Completions
During Q3 FY26, the company launched 5.02 million square feet of new development, bringing total launches in nine months to 23.83 million square feet with a cumulative residential GDV of ₹196,190 million. Completions for the quarter were 4.72 million square feet, with nine-month completions at 12.71 million square feet.
Management Commentary
Company leadership described the sales and collections results as reflecting strong demand across the portfolio. Management noted continued leasing traction in commercial and retail segments and emphasized diversified geographic participation in sales.
Outlook and Forward Plans
Guidance provided during the call reiterated the focus on scaling annuity income from office and retail assets. Exit rental and annuity income targets for FY30 were referenced, supported by ongoing development activity. Planned launches were noted as part of the growth strategy.
Risks and Challenges
The independent auditor’s review highlighted ongoing legal proceedings related to real estate projects and income tax matters. No adjustments were made to the reported results on account of these proceedings. Regulatory developments such as labor code implementation continued to be monitored with no material impact reported.