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India
As of 18 Sept 2026, 03:30 pm
On September 9, 2026, Prestige Estates Projects Limited incorporated two wholly-owned subsidiaries, Southgrove Homes LLP and Parkgrove Realty LLP, to engage in real estate development. Each subsidiary received an initial capital contribution of ₹1,00,000 from the company.
Prestige Estates Projects Limited responded on September 4, 2026, to an exchange clarification regarding a news article that linked a 3.5% share price fall to an August 25, 2026 order by the Maharashtra Real Estate Appellate Tribunal concerning the Turf View project. The company stated the order resulted from routine proceedings initiated by three homebuyers, that it is pursuing legal recourse, and assessed the order would have no material impact on its financial position, operations, or performance. The company also confirmed no other undisclosed material information explained the price movement.
As of September 17, 2026, Prestige Estates Projects Limited's stock has shown the following returns: a 1% return over the last day, a -10% return over the last month, a -5% return over the last three months, and a 14% return over the last six months. Over the past year, the stock has returned -13%.
On a daily timeframe as of September 17, 2026, the stock's closing price was ₹1440.1. The Exponential Moving Average (EMA) for 20 days was ₹1538.78, and the EMA for 50 days was ₹1562.85. The Supertrend indicator was ₹1583.33, with the direction noted as bearish. On a monthly timeframe, the Supertrend indicator was ₹889.97, with the direction noted as bullish.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 31 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
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.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹2,675.10 crore | PEAK₹4,073.80 crore | ₹3,872.60 crore | ₹2,431.70 crore | ₹2,307.30 crore |
| Profit Before Exceptional Items And Tax | ₹376 crore | ₹447.80 crore | ₹255.60 crore | PEAK₹572.20 crore | ₹455.10 crore |
| Profit Before Tax | ₹376 crore | ₹447.80 crore | ₹255.60 crore | PEAK₹572.20 crore | ₹455.10 crore |
| Profit Loss For Period | ₹271.40 crore | ₹291.80 crore | ₹244.70 crore | PEAK₹457.40 crore | ₹311.50 crore |
| Basic Earnings Loss Per Share From Continuing Operations | ₹5.48 per share | ₹5.81 per share | ₹5.17 per share | PEAK₹9.99 per share | ₹6.79 per share |
| Diluted Earnings Loss Per Share From Continuing Operations | ₹5.48 per share | ₹5.81 per share | ₹5.17 per share | PEAK₹9.99 per share | ₹6.79 per share |
Revenue from operations was ₹2,675.10 crore in Q1 FY2026-27, up 15.9% from ₹2,307.30 crore in Q1 FY2025-26. Sequentially, revenue fell 34.3% from ₹4,073.80 crore in Q4 FY2025-26. This pattern is consistent with the prior year, where Q1 was the lowest quarter of the fiscal year (₹2,307.30 crore) and Q4 the highest (₹4,073.80 crore). The current Q1 is higher than the year-ago Q1, indicating year-on-year growth despite the seasonal dip.
Tax expense was ₹94.30 crore, down 25.8% from ₹127.10 crore a year ago. The effective tax rate fell from 27.9% in Q1 FY2025-26 to 25.1% in Q1 FY2026-27, which partially cushioned the decline in net profit relative to PBT.
Profit from continuing operations was ₹281.70 crore, while total profit was ₹271.40 crore, resulting in a loss of ₹10.30 crore from discontinued operations. Basic and diluted earnings per share (EPS) from continuing operations and from total operations were all ₹5.48.
Basic EPS from continuing operations was ₹5.48, down 19.3% from ₹6.79 in Q1 FY2025-26. The decline in EPS (19.3%) was steeper than the decline in net profit (12.9%), indicating an increase in the number of shares outstanding. Based on net profit and EPS, the implied share count rose from approximately 45.9 crore in Q1 FY2025-26 to approximately 49.5 crore in Q1 FY2026-27, an increase of about 8%.
Prestige Estates grew revenue year-on-year, but higher other expenses and finance costs led to a decline in profit before tax and net profit. A lower effective tax rate partially cushioned the fall in net profit. The loss from discontinued operations was small. The sharper drop in earnings per share suggests an increase in the share count. Overall, the quarter showed top-line growth but narrower margins and higher financing costs.
Exchange disclosures and regulatory announcements for Prestige Estates Projects.
Prestige Estates Projects Limited has informed the Exchange regarding a press release dated September 17, 2026, titled Prestige launches Garden Breeze-The Prestige City, in Sarjapur, Bengaluru . |SUBJECT: Press Release
PRESTIGE: Prestige Estates Projects Limited has informed the Exchange about receipt of ESG Rating. |SUBJECT: General Updates
Prestige Estates Projects Limited incorporated two wholly-owned subsidiaries, Southgrove Homes LLP and Parkgrove Realty LLP, on September 9, 2026, to carry on real estate development business. Each entity received a total capital contribution of INR 1,00,000 from the company, representing 100% partnership interest, with both currently not having commenced operations or generated turnover.
Multiple routine corporate filings were made to the exchange on September 4, 2026. Oneclick Logistics India Limited approved a bonus issue at a 1:2 ratio. PVR INOX Limited opened a 4-screen SMART cinema in Muzaffarpur, Bihar. CG Power and Industrial Solutions Limited rolled out the first transformer from its new facility in Sehore, Madhya Pradesh. SPR Auto Technologies Limited announced the resignation of Compliance Officer Ms. Nidhi Kandwal effective September 4, 2026, and the appointment of Mr. Nilesh Jain as Company Secretary and Compliance Officer effective September 5, 2026. On September 4, 2026, Central Bank of India appointed Mr. Jai Shankar Prasad as General Manager effective that date, while Seshasayee Paper and Boards Limited appointed Mr. R J Ramesh as a Non-Executive Independent Director with the same effective date. Kshitij Polyline Limited announced the appointment of Mrs. Vineeta Jain as Whole Time Director for a three-year term commencing January 30, 2027. Concurrently, Inventurus Knowledge Solutions Limited disclosed the resignation of its Chief Human Resources Officer effective close of business on September 4, 2026. Tata Motors Limited announced that its indirect wholly owned subsidiary, TML CV Holdings B.V., has made a voluntary totalitarian tender offer for all common shares of Iveco Group N.V., as per a press release dated September 4, 2026.
Prestige Estates responded to an exchange clarification request regarding a September 4, 2026 news article linking a 3.5% share price fall to an August 25, 2026 order by the Maharashtra Real Estate Appellate Tribunal concerning the Turf View project in Mahalaxmi. The company stated the order arose from routine proceedings initiated by three homebuyers and that it is taking legal recourse. Prestige assessed the order will have no material impact on its financial position, operations, or performance, and confirmed no other undisclosed material information explains the price movement.
Prestige Group acquired a 17.14-acre land parcel in Sector 109, Gurgaon for a residential development with a saleable area of approximately 2.8 million sq. ft. and an estimated Gross Development Value (GDV) of approximately ₹5,600 crore. The acquisition, announced on September 3, 2026, expands the company's NCR residential pipeline and strengthens its presence in the region.
On August 28, 2026, Prestige Estates Projects Limited launched the Prestige Palm Court residential development in Madhavaram, North Chennai, spanning 7.98 acres with five towers comprising 910 apartments and an estimated Gross Development Value of Rs. 1330 Crore. The project features saleable areas ranging from 641 to 1827 sq ft across 1, 2, and 3-bedroom configurations within a total saleable area of approximately 1.38 million sq ft. This launch is part of the Group's expansion plan to introduce three to four new residential developments in the Chennai region during the financial year ending June 2026.
Prestige Estates Projects Limited held its 29th Annual General Meeting on August 20, 2026, where shareholders passed all seven resolutions with overwhelming majorities. Resolutions included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026, declaration of a final dividend of ₹2 per equity share for FY 2025-2026, re-appointment of Ms. Uzma Irfan as director, ratification of cost auditor remuneration for FY 2026-2027, re-designation of Ms. Uzma Irfan as Whole-time Director, and issuance of Non-Convertible Debentures on a private placement basis. All resolutions received over 99% votes in favor, with the special resolutions also meeting the required majority.
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Gurugram-based M3M emerged as the highest bidder for a 12.5-acre land parcel in Noida's Sector 108 for ₹1,839 crore, against a reserve price of ₹835 crore set by the New Okhla Industrial Development Authority for the auction. DLF was the other bidder at the final stage.
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A recent analysis revealed that leading Indian real estate firms experienced a twenty-one percent decline in sales bookings, primarily due to a reduction in housing project launches amid ongoing global economic challenges. Godrej Properties took the lead as the top developer based on sales figures. While numerous companies reported increases, others struggled significantly. Analysts expect a rebound in sales may begin in the second quarter.
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.
Prestige Estates Projects Limited reported a 15.9% increase in revenue from operations compared to the same quarter last year, but profit before tax fell 17.4% and net profit fell 12.9%. The decline in profitability was accompanied by a 27.6% rise in other expenses and a 9.0% increase in finance costs, while a lower tax expense partially offset the drop in net profit. The quarter also included a small loss from discontinued operations.
Profit before tax (PBT) was ₹376.00 crore, down 17.4% from ₹455.10 crore a year ago. Net profit (profit for the period) was ₹271.40 crore, down 12.9% from ₹311.50 crore. The decline in profitability relative to revenue is reflected in margin ratios:
Profit attributable to owners of the parent was ₹235.90 crore, with ₹35.50 crore attributable to non-controlling interests.
The income statement for the current quarter shows the following major expense components:
Other expenses rose 27.6% year-on-year (from ₹503.20 crore in Q1 FY2025-26), significantly outpacing revenue growth. Finance costs increased 9.0% year-on-year (from ₹383.90 crore), though they edged down 2.6% from the preceding quarter (₹429.60 crore in Q4 FY2025-26). The rise in other expenses and finance costs contributed to the margin compression.
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.