PRESTIGE
Prestige Estates Projects share price & financials
- Price
- ₹1,693
- Market cap
- ₹68.3k Cr
- Sector
- Realty
- Calls analysed
- 4
Prestige Estates Projects Limited Q1 FY27
What went well
- Presales reached INR 6,579 crores, selling 6 MSF across 337 units, indicating strong demand.
- Customer collections were healthy at INR 4,802 crores, reflecting continued project execution.
- Successful launch of Prestige Golden Grove in Hyderabad, contributing 49% of quarterly sales.
What to watch
- Project approval and RERA delays pushed 4 Bangalore projects from Q1 to Q2, impacting reported Q1 presales.
- Q1 expenses were higher due to certified contractor bills and approval payments for Q2/Q3 launches, potentially impacting operating cash flow.
What Prestige Estates Projects Limited does
Prestige Estates Projects Limited is a diversified real estate developer that designs, builds, sells and leases properties across five segments: Residential, Commercial (office), Retail, Hospitality, and Property Management & Services. It earns from outright sale of apartments, villas, townships and plotted developments, from long-term lease rentals on its office and mall portfolio, from operating hotels/resorts/convention centres, and from property management, interiors and construction-contracting services. The group also runs large integrated township formats such as "The Prestige City" and golf-centric developments under "Prestige Golfshire", and has built and completed a mix of residential, commercial and retail projects since inception.
Segments
- Residential
- Commercial
- Retail
- Hospitality
- Property Management, Services & Others
- Cities of presence
- 13
- Land bank
- 991 acres
- Completed projects (since inception)
- 316 projects, 212 mn sq ft
- Ongoing projects
- 66 projects, 129 mn sq ft
- Upcoming projects
- 69 projects, 98 mn sq ft
- Commercial (office) portfolio
- 45.91 mn sq ft across 8 geographies
Guidance record · Q1 FY27
what the last two calls moved 25 tracked 4 delivered 2 missed 19 open- FY26 Pre-sales delivered said Q4 FY25 Promised: INR 27,000 crores Q1 FY27: Promise pertains to a past period (FY26) and was successfully achieved.
- Mira Road Project Launch missed said Q4 FY25 Promised: Launch in FY26 Q1 FY27: Promise pertains to a past period (FY26) and was missed. No new update on the project.
- FY27 Residential Revenue Recognition revised down said Q4 FY26 Promised: INR 12,000 - 13,000 crores Q1 FY27: Management revised guidance for FY27 residential revenue recognition to 'close to INR11,000 crores to INR12,000 crores', a reduction from the original INR 12,000-13,000 cr target.
All 25 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 16.0%, net profit down 13.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,304 | 1,654 | 1,528 | 2,307 | 2,432 +6% | 3,873 +134% | 4,074 +167% | 2,675 +16% |
| EBITDA | 620 | 583 | 529 | 877 | 910 +47% | 860 +48% | 1,010 +91% | 849 −3% |
| Net profit | 235 | 32 | 43 | 312 | 457 +94% | 245 +666% | 292 +579% | 271 −13% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −4.1% 1Y
1Y: ₹1,561.9 on 10 Sept 2025 → ₹1,498. High ₹1,784.8 (27 Oct 2025), low ₹1,126.5 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −4.7%
- 30 Jul
- Q4 FY26
- +0.2%
- 22 May
- Q3 FY26
- +2.4%
- 30 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 15.1% a year over 3 years, FY23 to FY26. Operating margin widened to 28.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8.3k Cr | ₹7.9k Cr | ₹7.3k Cr | ₹12.7k Cr |
| Operating profit | ₹2.1k Cr | ₹2.5k Cr | ₹2.5k Cr | ₹3.7k Cr |
| Operating margin | 25.0% | 31.4% | 34.2% | 28.8% |
| Interest | ₹807 Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.6k Cr |
| Depreciation | ₹648 Cr | ₹717 Cr | ₹812 Cr | ₹907 Cr |
| Net profit | ₹1.1k Cr | ₹1.6k Cr | ₹617 Cr | ₹1.3k Cr |
| Net margin | 12.8% | 20.7% | 8.4% | 10.3% |
| Cash from operations | ₹1.5k Cr | ₹1.3k Cr | ₹131 Cr | ₹3.2k Cr |
| Free cash flow | ₹-111 Cr | ₹-603 Cr | ₹-1.4k Cr | ₹349 Cr |
| ROCE | 10.0% | 11.0% | 8.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹401 Cr | ₹401 Cr | ₹401 Cr | ₹401 Cr | ₹431 Cr | ₹431 Cr |
| Reserves | ₹7.6k Cr | ₹8.7k Cr | ₹9.6k Cr | ₹10.9k Cr | ₹15.4k Cr | ₹15.8k Cr |
| Borrowings | ₹4.9k Cr | ₹7.4k Cr | ₹9.4k Cr | ₹13.5k Cr | ₹14.5k Cr | ₹17.7k Cr |
| Other liabilities | ₹12.2k Cr | ₹13.7k Cr | ₹16.9k Cr | ₹23.2k Cr | ₹36.2k Cr | ₹38.9k Cr |
| Total liabilities | ₹25.1k Cr | ₹30.2k Cr | ₹36.3k Cr | ₹48.0k Cr | ₹66.6k Cr | ₹72.8k Cr |
| Fixed assets | ₹3.8k Cr | ₹5.9k Cr | ₹6.8k Cr | ₹8.7k Cr | ₹10.6k Cr | ₹12.0k Cr |
| Capital work in progress | ₹2.7k Cr | ₹1.7k Cr | ₹2.4k Cr | ₹2.1k Cr | ₹1.9k Cr | ₹2.2k Cr |
| Investments | ₹907 Cr | ₹772 Cr | ₹1.0k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹2.2k Cr |
| Other assets | ₹17.7k Cr | ₹21.8k Cr | ₹26.1k Cr | ₹35.9k Cr | ₹52.6k Cr | ₹56.5k Cr |
| Total assets | ₹25.1k Cr | ₹30.2k Cr | ₹36.3k Cr | ₹48.0k Cr | ₹66.6k Cr | ₹72.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +3.88 pp while FIIs trimmed −3.37 pp. The shareholder count grew 13% to 1,84,847.
- Promoters
- 61.0%
- FIIs
- 13.3%
- DIIs
- 23.5%
- Public
- 2.3%
Since Jun 2025
- DIIs +3.88 pp
- FIIs −3.37 pp
- Public −0.50 pp
How it drifted, 12 quarters
Over this window DIIs went from 12.8% to 23.5% — +10.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.5%, FIIs 19.5%, DIIs 12.8%, Public 2.2%.Dec '23: Promoters 65.5%, FIIs 18.1%, DIIs 13.2%, Public 3.3%.Mar '24: Promoters 65.5%, FIIs 16.1%, DIIs 15.0%, Public 3.5%.Jun '24: Promoters 65.5%, FIIs 16.8%, DIIs 14.4%, Public 3.3%.Sep '24: Promoters 61.0%, FIIs 19.1%, DIIs 16.8%, Public 3.2%.Dec '24: Promoters 61.0%, FIIs 19.3%, DIIs 16.7%, Public 3.0%.Mar '25: Promoters 61.0%, FIIs 17.1%, DIIs 19.2%, Public 2.7%.Jun '25: Promoters 61.0%, FIIs 16.6%, DIIs 19.6%, Public 2.8%.Sep '25: Promoters 61.0%, FIIs 15.7%, DIIs 20.7%, Public 2.6%.Dec '25: Promoters 61.0%, FIIs 15.7%, DIIs 21.0%, Public 2.4%.Mar '26: Promoters 61.0%, FIIs 14.2%, DIIs 22.6%, Public 2.3%.Jun '26: Promoters 61.0%, FIIs 13.3%, DIIs 23.5%, Public 2.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Invesco India Focused Fund Mutual fund newly disclosed 3.92% held
- HDFC Trustee Company Limited-HDFC Flexi Cap Fund Mutual fund newly disclosed 2.12% held
- NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I Pension / PF newly disclosed 1.20% held
- Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund Mutual fund +0.10 pp 1.16% held
The same filing shows 4 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Prestige Estates Projects Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Razack Family Trust | 52.24% | unchanged |
| Invesco India Focused Fund Mutual fund | 3.92% | newly disclosed |
| Mirae Asset Large & Midcap Fund Mutual fund | 2.70% | −0.06 pp |
| Irfan Razack | 2.18% | unchanged |
| Noaman Razack | 2.18% | unchanged |
| Rezwan Razack | 2.18% | unchanged |
| Gamnat Pte. Ltd. FPI fund | 2.13% | −0.14 pp |
| HDFC Trustee Company Limited-HDFC Flexi Cap Fund Mutual fund | 2.12% | newly disclosed |
| Motilal Oswal Midcap Fund Mutual fund | 1.84% | −1.18 pp |
| ICICI Prudential Focus Equity Fund Mutual fund | 1.73% | −0.10 pp |
| NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I Pension / PF | 1.20% | newly disclosed |
| Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund Mutual fund | 1.16% | +0.10 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in PRESTIGE
Filings to Aug 2026
0 new, 6 added, 5 trimmed, 0 sold out — net −1.70 L shares (−1.2%).
- Held by funds
- ₹2.2k Cr
- 21 schemes
- Biggest holder
- Nippon India Growth Mid Cap Fund
- ₹609 Cr · 1.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹609 Cr | held | Mar '22 |
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹543 Cr | held | Apr '26 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹404 Cr | held | Dec '22 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹202 Cr | held | Jan '24 |
| HDFC Value Fund HDFC Mutual Fund | ₹128 Cr | held | Nov '25 |
| Nippon India Balanced Advantage Fund Nippon India Mutual Fund | ₹57 Cr | held | Jan '26 |
| HDFC Housing Opportunities Fund HDFC Mutual Fund | ₹53 Cr | held | Jun '23 |
| HDFC Retirement Savings Fund - Equity Plan HDFC Mutual Fund | ₹48 Cr | held | Feb '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
6 added, 5 trimmed — net −1.70 L shares (−1.2%)
- Funds are sitting on
- +58%
- vs est. average cost
- Held by funds
- ₹2.2k Cr
- 21 schemes · ≈ 3.4% of the company
- Biggest holder
- Nippon India Growth Mid Cap Fund
- ₹609 Cr · 1.2% of that fund
- Longest holder
- Nippon India ETF Nifty Midcap 150
- 7y 8m · since Jan '19
Shares held by these funds −19%
Aug '23 1.38 cr shares Jul '26
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Prestige Estates Projects Limited
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