Prestige Estates Projects' Q2 FY 2025-26 Quarterly Results

Result Summary

• Prestige Estates Projects Ltd reported a 9.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 11.3%.
• Its expenses for the quarter were up by 5.6% QoQ and down 4.7% YoY.
• The net profit increased 46.8% QoQ and increased 95.0% YoY.
• The earnings per share (EPS) of Prestige Estates Projects Ltd stood at 9.99 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Prestige Estates Projects Ltd is a prominent real estate company primarily engaged in the development and construction of residential, commercial, and retail properties. The company operates within the real estate industry, which is subject to economic cycles and regulatory environments. Prestige has established itself as a significant player in the Indian market, known for delivering a diverse range of projects that cater to various segments of society. While specific recent developments within the company are not available in the provided data, the company's focus remains on expanding its portfolio and enhancing its market presence through strategic projects and partnerships.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Prestige Estates Projects Ltd reported a total income of ₹2697.80 crores. This represents a quarter-over-quarter (QoQ) increase of 9.3% from ₹2468.70 crores in Q1FY26 and a year-over-year (YoY) increase of 11.3% from ₹2423.80 crores in Q2FY25. The growth in total income indicates an upward trajectory in revenue generation over both the previous quarter and the same quarter last year. This increase in revenue reflects the company's ability to generate higher sales or service income, potentially due to successful project completions or increased demand for its offerings.

Profitability

Prestige Estates Projects Ltd achieved a profit before tax (PBT) of ₹572.20 crores in Q2FY26, showing a significant QoQ growth of 25.7% from ₹455.10 crores in Q1FY26 and a remarkable YoY increase of 195.3% from ₹193.80 crores in Q2FY25. The tax expense for Q2FY26 was ₹126.60 crores, which is slightly lower than the ₹127.10 crores recorded in Q1FY26, yet a stark contrast to the tax credit of ₹51.90 crores in Q2FY25, reflecting a YoY change of -343.9%. The profit after tax (PAT) for Q2FY26 stood at ₹457.40 crores, marking a QoQ rise of 46.8% from ₹311.50 crores in Q1FY26 and a YoY growth of 95.0% from ₹234.60 crores in Q2FY25. These figures illustrate a substantial improvement in profitability compared to both the previous quarter and the previous year, highlighting the company's enhanced financial performance.

Operating Metrics

The earnings per share (EPS) for Prestige Estates Projects Ltd in Q2FY26 was ₹9.99, which is a 47.1% increase from ₹6.79 in Q1FY26 and a 112.6% rise from ₹4.70 in Q2FY25. This growth in EPS indicates a better return on investment for shareholders compared to both the previous quarter and the same quarter last year. Total expenses for Q2FY26 were ₹2125.60 crores, representing a QoQ increase of 5.6% from ₹2013.60 crores in Q1FY26, but a YoY decline of 4.7% from ₹2230.00 crores in Q2FY25. The decrease in total expenses compared to the previous year may point to improved cost management or operational efficiencies. These operating metrics provide insights into the company's efficiency and financial health, reflecting improvements in earnings and expense control.