News

Prestige Estates Projects announced that the Board of Directors of the Company at its meeting held on 21 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

Net profit of Prestige Estates Projects rose 900.40% to Rs 250.10 crore in the quarter ended March 2026 as against Rs 25.00 crore during the previous quarter ended March 2025. Sales rose 166.54% to Rs 4073.80 crore in the quarter ended March 2026 as against Rs 1528.40 crore during the previous quarter ended March 2025.For the full year,net profit rose 155.72% to Rs 1195.50 crore in the year ended March 2026 as against Rs 467.50 crore during the previous year ended March 2025. Sales rose 72.60% to Rs 12685.40 crore in the year ended March 2026 as against Rs 7349.40 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales4073.801528.40 167 12685.407349.40 73 OPM %24.8034.61 -29.1034.23 - PBDT650.50303.80 114 2619.701568.10 67 PBT412.7087.10 374 1713.60755.80 127 NP250.1025.00 900 1195.50467.50 156 Powered by Capital Market - Live News

Prestige Estates Projects will hold a meeting of the Board of Directors of the Company on 21 May 2026.

Prestige Estates Projects announced a strong response to its recently launched residential project, Prestige Golden Grove, in Hyderabad, underscoring sustained homebuyer demand in the market. The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls, among the highest seen for a residential launch in the city, highlighting significant market interest. Within two weeks of launch, the Company achieved sales of over 1,700 units, translating to a total sales value exceeding Rs 2,500 crore, reflecting robust early traction. The encouraging response reflects continued customer interest and confidence in well-located, thoughtfully designed residential developments. Strategically located in Tellapur, Prestige Golden Grove is a large-scale residential development spread across ~29 acres, comprising approximately 5,120 units across 10 towers, with a total estimated gross development value (GDV) of ~Rs 9,500 crore. The project has been conceptualised to offer a blend of modern living, quality construction, and lifestyle amenities aligned with evolving customer preferences.

Prestige Estates Projects today announced the launch of Prestige Golden Grove, one of the largest residential developments in Hyderabad, located in a rapidly emerging residential hub Tellapur. Spread across 28.6 acres, Prestige Golden Grove is a large-scale residential community with a total saleable area of ~10.36 million square feet and an estimated Gross Development Value (GDV) of over Rs 9,500 crore. The project comprises 5,120 units, offering a wide range of configurations including 2, 3, 3.5, and 4-bedroom homes, along with 4-bedroom residences with staff accommodation. The residences range in size from 1,169 sq. ft. to 3,013 sq. ft., with ticket sizes ranging between Rs 1 crore and Rs 3 crore approximately, catering to a broad spectrum of homebuyers.The residences range in size from 1,169 sq. ft. to 3,013 sq. ft., with ticket sizes ranging between Rs1 crore and Rs 3 crore approximately, catering to a broad spectrum of homebuyers.