Prestige Estates Q3 FY26: Sales ₹41,836 Cr, Collections ₹45,475 Cr, Highest Ever 9M Sales ₹223,273 Cr

Prestige Estates Projects Limited has announced its operational performance for the quarter and nine months ended December 31, 2025 (Q3 FY26 and 9M FY26). The company achieved record-breaking sales and collections, alongside sustained execution momentum.

In Q3 FY26, Prestige Estates recorded pre-sales of ₹41,836 million (crore), a 39% year-on-year growth. For the nine months ended FY26, pre-sales surged to ₹223,273 million (crore), up 122% year-on-year. This marks the highest sales ever achieved by the company, surpassing its previous full-year peak sales within just nine months. Sales volume for Q3 FY26 stood at 2.99 million sq. ft., while cumulative sales volume for 9M FY26 reached 16.95 million sq. ft. The company sold 1,811 units in Q3 FY26, taking total units sold in 9M FY26 to 8,598 units. The geographical sales mix was diversified, with Mumbai contributing 36%, Bengaluru 25%, Hyderabad 16%, NCR 16%, Chennai 5%, and Kochi 2% of total sales during the quarter. Average realization during the quarter was ₹14,459 per sq. ft., a 6% year-on-year growth. Plot realizations saw strong traction with an average of ₹9,165 per sq. ft., a 31% year-on-year increase.

Collections for Q3 FY26 stood at ₹45,475 million (crore), registering a 40% year-on-year growth. Collections for 9M FY26 reached ₹132,833 million (crore), marking the highest collections ever achieved by the company in any nine-month period and exceeding previous full financial years. This reflects sustained customer confidence and disciplined execution.

During Q3 FY26, the company launched 5.02 million sq. ft., taking total launches in 9M FY26 to 23.83 million sq. ft. The cumulative GDV of Residential launches during the nine-month period was ₹196,190 million (crore). Completions during Q3 FY26 were 4.72 million sq. ft., bringing the total completions for 9M FY26 to 12.71 million sq. ft.

The Office Portfolio Update shows leasing during Q3 FY26 at 0.56 million sq. ft. Occupancy across the operating office portfolio remained strong at over 95% as of December 31, 2025. Exit rentals from the office portfolio for FY26 are expected to be ₹8,286 million (crore). Upon completion of the ongoing construction pipeline, office annuity income is projected to reach approximately ₹40,000 million (crore) by FY30. The company recently completed Prestige Lakeshore Drive and Prestige Capital Square, premium office developments spanning 3.7 million sq. ft. (TDA) in Bengaluru.

The Retail Portfolio Update indicates total mall footfalls during Q3 FY26 were 5.2 million. Gross Turnover (GTO) across malls was ₹7,015 million (crore), a 14% year-on-year growth. Occupancy across the retail portfolio remained robust at over 99% as of December 31, 2025. Exit rentals from the retail portfolio for FY26 are expected to be ₹2,754 million (crore). With 13 malls in the development pipeline, exit rentals are projected to grow to approximately ₹10,920 million (crore) by FY30.

Mr. Irfan Razack, Chairman & Managing Director, stated that the record-breaking performance is a strong validation of the demand environment and the company's execution platform. He highlighted the trust customers place in the Prestige brand and the company's diversified portfolio across geographies and asset classes, complemented by stable and growing annuity income. He expressed confidence in building scale, visibility, and long-term value for stakeholders.