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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
For the quarter ended September 30, 2026, consolidated net profit fell 47.9% year-on-year to ₹224 crore, while revenue declined 15.3% to ₹2,060 crore. Despite these top-line and bottom-line drops, EBITDA rose 1.8% to ₹926 crore, with EBITDA margin expanding significantly from 37% to 45%.
Prestige Retail Ventures agreed to acquire a 100% stake in Gloind Vintage Infra Pvt Ltd for an enterprise value of approximately ₹519 crore via cash payment. The transaction includes indirect control over Tarun Realtors Private Limited and was executed pursuant to an agreement dated November 3, 2026, with completion expected on or before November 12, 2026.
The Board approved the unaudited financial results on November 5, 2026. Auditor S.R. Batliboi & Associates LLP issued a clean review report but drew attention to ongoing legal proceedings related to real estate projects and income tax search matters, noting no material misstatements in the financials.
As of November 6, 2026, the stock closed at ₹1,629.00, down 0.9% from the previous close of ₹1,643.00. Following the Q2 profit announcement, shares had previously fallen 3.45% on the BSE. The stock is currently trading near resistance levels at ₹1,631.20 and ₹1,634.38.
As of 06 Nov 2026, 03:30 pm
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Recent drawdown or price variability is high enough to warrant closer monitoring.
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The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | ₹2,432 crore | PEAK₹2,675 crore | ₹2,060 crore |
| Expenses | ₹2,126 crore | PEAK₹2,460 crore | ₹1,860 crore |
| Finance Costs | ₹385 crore | ₹418 crore | PEAK₹482 crore |
| Profit Before Exceptional Items And Tax | PEAK₹572 crore | ₹376 crore | ₹363 crore |
Total income decreased 21.6% QoQ to ₹2,222 crore from ₹2,836 crore in Q1 FY2026-27. Revenue from operations was down 15.3% YoY and has declined sequentially from ₹4,074 crore in Q4 FY2025-26 to ₹2,675 crore in Q1 FY2026-27 and ₹2,060 crore in Q2.
Expenses fell 24.4% QoQ to ₹1,860 crore, faster than revenue. Profit before tax was ₹363 crore, compared with ₹376 crore in Q1 FY2026-27, and was 36.6% below the ₹572 crore reported in Q2 FY2025-26.
Cash flow from operating activities was ₹1,311 crore, against investing outflows of ₹1,497 crore, resulting in negative free cash flow of ₹186 crore. Financing activities generated net inflows of ₹475 crore. Operating cash flow exceeded reported profit for the period, but investing outflows were larger than operating inflows during the quarter.
The quarter paired a sharp sequential revenue decline with a smaller reduction in pre-tax profit as expenses fell faster than income. Higher finance costs and tax expense weighed on the bottom line, while investing outflows exceeded operating cash generation. The rise in inventories since March and negative free cash flow are important balance-sheet and cash-flow developments alongside the revenue contraction.
Exchange disclosures and regulatory announcements for Prestige Estates Projects.
Prestige Estates Projects Limited has informed the National Stock Exchange and Bombay Stock Exchange that its financial results for the quarter and half-year ended September 30, 2026, were published in the Deccan Herald (English Daily) and Prajavani (Kannada Daily) on November 7, 2026. This submission is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Prestige Estates Projects Limited provided the Exchange a link to the audio recording of its investors/analyst call held on November 6, 2026, concerning financial results for the quarter and half year ended September 30, 2026. This is a routine disclosure notice; the filing reports no substantive business decision or results beyond the call recording link.
Prestige Estates Projects Limited uploaded the audio recording of its analyst/investor call held on 2026-11-06. The call concluded at 16:15, and the recording was uploaded to the company website at 19:00 on the same date. The filing states that prior intimation of the earnings call was disclosed to the Exchange on 2026-10-28.
Prestige Estates Projects Limited entered into a Share Purchase Agreement on November 6, 2026 to acquire a 100% stake in Allure Developers Private Limited for cash consideration in tranches of up to INR 5,237.6 million. Allure became a wholly owned subsidiary and is undertaking development of a residential project in Noida, NCR; the stated acquisition objective is to develop a residential project at Sector 150, Noida, Uttar Pradesh. The transaction is to be consummated on or before 7 working days.
Prestige Estates Projects Limited reported an agreement to acquire 100% control of Allure Developers Private Limited for cash consideration of up to INR 523.76 crore, payable in tranches. The acquisition is intended to develop a residential project at Sector 150, NOIDA, Uttar Pradesh, and is expected to be consummated on or before 7 working days. The filing reports the event on 6 November 2026; it does not establish that completion has already occurred.
Prestige Estates Projects Limited’s Board of Directors approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, on November 5, 2026. The results were reviewed by S.R. Batliboi & Associates LLP, which issued a clean review report under Standard on Review Engagements (SRE) 2410, noting no material misstatements but drawing attention to ongoing legal proceedings related to real estate projects and income tax search matters.
Integrated Filing- Financials|Original|
Integrated Filing- Financials|Original|
Recent market and company developments associated with Prestige Estates Projects.
Prestige Estates Projects Ltd has acquired a 100% stake in Allure Developers for ₹524 crore to advance its expansion plan in the Delhi-NCR region. The transaction, executed via a share purchase agreement on November 6, involves cash consideration payable in tranches and is expected to be completed within seven working days. This move establishes Allure Developers as a wholly owned subsidiary of Prestige Estates, with no governmental approvals required for the deal.
Prestige Estates Projects Ltd has acquired a 100% stake in Allure Developers for Rs 524 crore to develop a residential project in Noida Sector 150, finalizing the share purchase agreement on November 6, 2026. This move follows the company's recent acquisition of Gloind Vintage Infra and comes as Prestige reported a 44% decline in consolidated net profit to Rs 256.2 crore for the quarter ended September.
Prestige Estates Projects Ltd has acquired a 100% stake in Noida-based Allure Developers for ₹524 crore to expand its Delhi-NCR presence, following a recent acquisition of Gloind Vintage Infra. This move comes as the company reported a 44% decline in consolidated net profit to ₹256.2 crore for the quarter ended September, with total income also falling compared to the previous year.
Prestige Estates Projects has agreed to acquire a 100% stake in Allure Developers for up to ₹523.76 crore, making the latter a wholly owned subsidiary. The transaction is intended to facilitate the development of a residential project at Sector 150 in Noida and is expected to be completed within seven working days.
Prestige Estates Projects Limited reported a 47.9% year-on-year decline in consolidated net profit to Rs 224 crore and a 15.3% drop in revenue to Rs 2,060 crore for the quarter ended September 2026. Despite these declines, the company's EBITDA rose 1.8% to Rs 926 crore, with its EBITDA margin improving significantly to 45% from 37% in the previous year. Following the announcement, shares of the Bengaluru-based real estate developer fell 3.45% on the BSE.
Prestige Estates Projects Ltd has acquired 100% equity stake in Gloind Vintage Infra Pvt Ltd for an enterprise value of ₹519 crore via its subsidiary Prestige Retail Ventures. The all-cash deal, executed pursuant to a Securities Purchase Agreement dated November 3, 2026, makes Gloind a wholly owned step-down subsidiary and grants indirect control over Tarun Realtors.
Prestige Estates plans residential launches worth ₹40,000 crore across 5 cities in the second half of FY27, nearly 2.5 times value launched in the first half. The company reported ₹13,804.3 crore in pre-sales during April–September and targets ₹35,000–36,000 crore in sales bookings this fiscal year.
The developer launched homes worth ₹16,200 crore in the first half and is targeting ₹35,000-36,000 crore in sales bookings for FY27. Its upcoming projects span Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad.
Comprehensive Section Breakdown for Prestige Estates Projects
Strategic Vision: Real estate developer focused on luxurious living and innovation.
• Unique CRISIL DA1+ rating for real estate developers in India.
• Focus on luxurious living and transformative real estate concepts.
Revenue from operations fell 23% sequentially to ₹2,060 crore in Q2 FY2026-27, while expenses declined 24% and profit before tax eased 3.6% to ₹363 crore. Profit for the period was ₹256 crore, including ₹224 crore attributable to owners of the parent; earnings per share were ₹5.20. Operating cash flow was ₹1,311 crore, but investing outflows left free cash flow negative at ₹186 crore.
Tax expense increased 14.5% QoQ to ₹108 crore. It comprised current tax of ₹333 crore, partly offset by a deferred tax credit of ₹225 crore. Profit for the period was ₹256 crore, down 5.6% from ₹271 crore in Q1 FY2026-27. Profit from continuing operations was ₹255 crore, versus ₹282 crore in the prior quarter.
Of total profit, ₹224 crore was attributable to owners of the parent and ₹32 crore to non-controlling interests. Earnings per share declined to ₹5.20 from ₹5.48 in Q1 FY2026-27 and ₹9.99 in Q2 FY2025-26. Finance costs rose 15.2% QoQ to ₹482 crore, while other expenses increased 8.0% to ₹694 crore.
Inventories stood at ₹45,868 crore on 30 September 2026, up from ₹40,252 crore on 31 March 2026 and ₹35,687 crore on 30 September 2025. Investment property increased to ₹9,356 crore from ₹9,033 crore at 31 March 2026. Capital work in progress was ₹2,010 crore, compared with ₹2,207 crore at the previous financial year-end. Assets classified as held for sale were ₹6,064 crore at 30 September 2026, against nil at 30 September 2025.
Total borrowings were ₹14,439 crore at 30 September 2026, comprising ₹4,744 crore of non-current and ₹9,695 crore of current borrowings. This was down from ₹14,986 crore at 31 March 2026. Current financial liabilities stood at ₹14,491 crore and other current liabilities at ₹39,550 crore; trade payables were ₹2,576 crore. Net deferred tax assets were ₹1,845 crore, compared with ₹1,425 crore at 31 March 2026.
Category: Real Estate
The company develops a diverse portfolio of residential properties, catering to various housing needs.
Category: Real Estate
This segment includes the development of office spaces and properties for rental purposes, serving the needs of businesses.
Category: Real Estate
Prestige Group is involved in the development and management of properties within the hospitality sector.
Category: Real Estate
The company develops retail spaces, contributing to commercial infrastructure.
Core Thesis: The company integrates residential, commercial, hospitality, and retail development to create comprehensive real estate offerings.
• Innovation in Living: The company consistently introduces transformative real estate concepts, technologies, and innovations. • Diverse Property Portfolio: Prestige Group operates across residential, commercial, hospitality, and retail segments to meet varied market demands. • Geographic Expansion: The company has a significant operational footprint across major Indian cities.