Prestige Estates reports Highest-Ever H1 Sales of ₹1,81,437 Mn, Exceeding Full-Year FY25 Sales in H1 FY26

Prestige Estates Projects Limited, one of India's leading real estate developers, announced a stellar operational performance for the quarter and half year ended September 30, 2025. Riding on sustained demand and strategic launches, the Group achieved record-breaking sales of ₹1,81,437 million in H1 FY26, up 157% year-on-year, surpassing its full-year FY25 sales.

During Q2 FY26, Prestige recorded sales of ₹60,173 million, marking a 50% year-on-year growth, driven by robust demand across markets and segments. Sales volume for the quarter stood at 4.42 million square feet, up 47% year-on-year, translating to 2,069 units sold. The average realization for apartments rose 8% year-on-year to ₹14,906 per square foot, while plots saw a sharp 43% increase in realization to ₹9,510 per square foot.

For H1 FY26, sales volumes aggregated 13.96 million square feet, representing 6,788 units sold. The average realization for apartments stood at ₹13,769 per square foot, up 6% yearon-year, while plots averaged ₹8,425 per square foot, up 17% year-on-year.

Collections remained strong at ₹42,128 million during Q2, up 54% year-on-year, taking the H1 Collections to ₹87,356 million, a 55% increase over the same period last year. Sales reflected a balanced and geographically diversified performance across the Company's key markets.

The Company launched 3.87 million square feet of developable area in Q2 FY26, with a total gross development value (GDV) of ₹39,669 million, bringing H1 FY26 launches to 18.81 million square feet with a GDV of ₹1,75,922 million.

Total completions for H1 FY26 stood at 7.99 million sq ft.

Office Segment

- Gross leasing during Q2 FY26 stood at 2.3 million square feet.
- Portfolio occupancy remained healthy at 93.42%.
- FY26 exit rentals are projected at ₹8,199 million.

Retail Segment

- Gross turnover for Q2 FY26 was ₹6,236 million, up 9% year-on-year.
- Footfalls across the retail portfolio reached 4.8 million during the quarter.
- Portfolio occupancy remained high at 99%.
- FY26 exit rentals are estimated at ₹2,717 million.

Commenting on the performance, Mr. Irfan Razack, Chairman and Managing Director, Prestige Group, said: "We are delighted to report an outstanding first half, marked by record sales and strong collections. What makes this performance even more gratifying is the contribution from multiple geographies - Bengaluru, NCR, and Mumbai have all delivered exceptionally well. In Mumbai, our flagship project Prestige Nautilus has been a remarkable success, achieving over 60% inventory sales with more than ₹4,400 crore in value within just a few months of launch. Our maiden project in NCR, The Prestige City Indirapuram, has seen tremendous response, clocking sales of ₹8300+ crores and collections of ~₹1500 crores in just a few months.

These instances reaffirm the strength of the Prestige brand and the enduring appetite for quality real estate across India. We remain focused on consolidating this growth through timely delivery, prudent financial management, and a pipeline of projects that continue to set benchmarks in the industry."

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1513.60 as compared to the previous close of Rs. 1529.65. The total number of shares traded during the day was 5593 in over 1183 trades.

The stock hit an intraday high of Rs. 1532.60 and intraday low of 1506.10. The net turnover during the day was Rs. 8498006.00.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 Realty H1FY26 H1FY2026 HighestEverSales