Prestige Estates Projects Posts 10-Fold Q4 Profit Jump, Shares Remain Rangebound

Prestige Estates Projects Sees Strong Q4 Earnings, Shares Remain Rangebound

Prestige Estates Projects, a prominent realty major, reported a solid set of earnings for the fourth quarter of the financial year ended March 31, 2026, despite its shares remaining rangebound in Friday's trading session on Dalal Street. The company's shares fluctuated between ₹1,426.90 and ₹1,343.60, compared to the last closing price of ₹1,385.05.

Trading volumes were higher than average, with 53,000 shares of the realty company changing hands on the BSE as of 3.05 pm, surpassing the two-week average of 41,000 shares. The company had posted its earnings on Thursday evening after market trading hours.

Prestige Estates Q4 Results

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The realty company's March quarter profit (attributable to owners) stood at ₹250.1 crore, a 10 times increase from ₹25 crore in the year-ago period, representing a 12% quarter-on-quarter (QoQ) growth. The topline also jumped sharply by 161% YoY to ₹4143.5 crore during the quarter under review, while rising QoQ by 6.6% from ₹3,885.5 crore posted in the quarter ended December 2025.

On the operating front, earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹1,115.2 crore, up 85% YoY. EBITDA margin came in at 26.9%, and PAT margin at 7.17%. For the full financial year, the company posted the highest-ever revenue of ₹13,195.5 crore, up 71% YoY, backed by launches in the year totalling ~31.8 msf, with strong traction in new projects contributing to 63% in overall bookings. Meanwhile, PAT surged 113% YoY in FY26 to ₹1,311.9 crore.

FY26 Performance

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FY26 has been a landmark year for Prestige, marked by its highest-ever sales and collections alongside strong growth in revenue and profitability. The company's board also recommended payment of a final dividend of ₹2 per share on the equity shares of the company for the year ended March 31, 2026, subject to approval of shareholders at the ensuing 29th Annual General Meeting of the company.

MOSL on Prestige Estates Stock

Domestic brokerage said that Q4 sales beat estimates by 20% on the back of robust volumes. It added that leasing momentum and resilient retail performance sustain annuity growth. Prestige Estates' office portfolio remained stable with ~92% occupancy in Q4. FY26 leasing stood at 4.5msf with >90% occupancy. Retail portfolio sustained strong performance with ~99% occupancy and ₹6.5 billion GTO (+15% YoY) in Q4. FY26 turnover stood at ~ ₹25.7 billion with near-full occupancy. The brokerage has retained its 'buy' call on the stock.

Prestige Estates Stock: Tech View

Shares of Prestigate Estates have consolidated in the last two years, with the stock down 13% year-to-date (YTD), 2% in a year, and 13% in two years. Anshul Jain, Head of Research at Lakshmishree, said that Prestige Estates has been consolidating within a broad 17-month range between 1082 and 1775, reflecting a prolonged phase of accumulation after its prior trend. He sees a decisive breakout above this resistance, confirming a larger trend continuation and opening the path toward the all-time high zone near 2070.