Prestige Estates FY26: Record Sales, Doubled Profit, Bigger FY27 Ahead

Prestige Estates Projects Limited has closed the financial year ended March 31, 2026 with its strongest-ever performance, setting up an aggressive expansion phase for FY27. The Bengaluru-headquartered developer reported highest-ever operational performance with sales of Rs 300,245 million and collections of Rs 185,146 mn for FY26. On the financial side, revenue for the year reached Rs 131,955 mn, reflecting a growth of 71 per cent year on year, while EBITDA stood at Rs 42,192 mn, up 43 per cent, and profit after tax reached Rs 13,119 mn, an increase of 112.8 per cent.

Profitability improved sharply as well, with EBITDA margin at 31.97 per cent and PAT margin at 9.94 per cent, underlining improved profitability and operating efficiency. The fourth quarter alone was a standout, with revenue of Rs 41,435 mn, a rise of 161 per cent year on year, EBITDA up 85 per cent, and profit after tax increasing 596 per cent year on year. On the operational front, the company disclosed that it launched 31.84 mn sft of projects with a GDV of Rs 273,504 mn and completed 18.22 mn sft across 13 projects during the year, while return on capital employed improved to 21.80 per cent compared with 15.75 per cent in FY25.

Chairman and Managing Director Irfan Razack described FY26 as a landmark year. He characterised FY26 as a landmark year, noting the record sales and collections alongside growth in revenue and profitability, and indicated continued encouraging demand in the residential business and expansion across commercial, retail, hospitality and mixed-use developments, outlining a robust launch pipeline across key geographies.

Looking ahead, management is guiding for continued growth rather than a plateau. The company is targeting Rs 35,000–36,000 crore in sales bookings for FY27, indicating continued growth momentum, backed by a strong development pipeline of around Rs 58,000 crore worth of projects planned for the current fiscal across major cities, though actual launches will depend on regulatory approvals. On the capital expenditure side, the developer has committed to invest between INR 14,000 crore and INR 15,000 crore in construction activities during FY27, with expenditure directed towards residential and commercial developments across South India, the Mumbai Metropolitan Region and Delhi-NCR.

The National Capital Region is emerging as a key growth market. Prestige entered NCR with its flagship township in Ghaziabad, and the planned launches follow the strong performance of Prestige City Indirapuram, the company's first housing project in NCR, which generated more than INR 9,500 crore in pre-sales within its first year. Building on that momentum, Prestige Estates is preparing to launch two residential developments in Delhi-NCR during FY27, with an estimated revenue potential of INR 6,800 crore, planning one project each in Noida and Gurugram, adding nearly 8 million sq ft of developable area.

Q1 FY27 already reflects this expansion push. Prestige Estates launched three residential projects during the April-June quarter with a combined gross development value and revenue potential of around Rs 12,000 crore, even as the company reported a decline in quarterly sales bookings due to a high base in the year-ago period. Razack has flagged more launches ahead: "Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum."

For homebuyers, the record FY26 numbers and the scale of the FY27 pipeline signal that Prestige is entering a phase of rapid, geographically diversified expansion, from large integrated townships in Ghaziabad and North Bengaluru to new launches planned in Noida, Gurugram, Mumbai and Chennai. Analysts note that execution risk lies mainly in approvals rather than demand, as the biggest industry challenge is getting approvals quickly, because development can start only after multiple clearances and registrations such as RERA, and the company is pushing hard to start new projects, indicating that demand is not the constraint. With brand trust, strong balance-sheet momentum and an unmatched launch calendar, prospective buyers can expect a steady stream of new Prestige projects to track over the coming quarters.