Prestige Estates Q2 FY26: Sales Bookings Surge 50% on New Launches

Bengaluru-based Prestige Estates Projects Ltd has delivered one of its strongest quarterly performances on record, with sales bookings surging 50 per cent year-on-year to Rs 6,017.3 crore in Q2 FY26, the July-September 2025 quarter. The company attributed the jump to robust demand across markets and segments, backed by a wave of fresh project launches. Sales volume for the quarter stood at 4.42 million square feet, up 47 per cent year-on-year, with 2,069 units sold during the period.

Pricing power was a standout feature of the quarter. The average realisation for apartments rose 8 per cent year-on-year to Rs 14,906 per square foot, while plots saw a sharp 43 per cent increase in realisation to Rs 9,510 per square foot. This combination of higher volumes and higher realisations pushed the company's first-half FY26 sales to a record Rs 18,143.7 crore, up 157 per cent year-on-year, comfortably ahead of its own full-year internal targets set just a quarter earlier.

The financial results matched the operational momentum. Prestige Estates' total income grew to Rs 2,697.8 crore in Q2 FY26, compared to Rs 2,423.8 crore in the year-ago period, while net profit for the quarter soared to Rs 457-458 crore, nearly double the year-ago figure, on the back of higher income and disciplined cost management. EBITDA for the quarter grew 57 per cent year-on-year with margins expanding to 43.6 per cent, and collections rose 54 per cent year-on-year to Rs 4,213 crore.

New launches were central to the growth story. During Q2 FY26, the company launched 3.87 million square feet across four projects, including the NCR Mayflower development at The Prestige City, taking the total GDV of projects launched in H1 FY26 to approximately Rs 17,590 crore. Geographically, NCR contributed 24 per cent, Bengaluru 48 per cent, and Mumbai 28 per cent of this launch pipeline, with Bengaluru, NCR and Mumbai together accounting for over 80 per cent of the half-year's sales.

Management commentary reflected confidence in the momentum. Chairman and Managing Director Irfan Razack noted that the first half of FY26 was particularly encouraging, backed by robust sales momentum and healthy cash flows, adding that this reflects the continued trust homebuyers and investors place in the Prestige brand. The company had earlier set a conservative full-year sales target of Rs 27,000 crore for FY26, an increase of 59 per cent over the previous fiscal, backed by a launch pipeline of projects worth over Rs 42,000 crore in GDV spread across Bengaluru, Mumbai, Hyderabad, Chennai, NCR, and Goa.

For homebuyers, the quarter's numbers carry a clear signal: demand for Prestige homes remains resilient even as prices climb, and the developer's aggressive launch calendar through FY26 means fresh inventory is opening up across key micro-markets, from NCR's Indirapuram corridor to Bengaluru's growth suburbs, Mumbai's Worli and Mulund belts, and coastal Goa. Buyers considering a purchase may want to track upcoming launches closely, as early-bird pricing in pre-launch and new-launch phases has historically offered better entry points before project-wide price escalations kick in.