Prestige Estates Projects Ltd. on Wednesday, July 9, in its business update said it reported its strongest quarterly performance, so far, in the April to June quarter.The company sold 4,718 units in the first quarter of the financial year 2026, increasing its sales by 300% to an all-time high of ₹12,126.4 crore from the previous year.
Its sales volumes increased 234% to 9.55 million square feet from the first quarter of the previous fiscal.
The company said its collections were up 55% at ₹4,522.7 crore from the year-ago period, its highest-ever quarterly collections to date.
Its average realisations were at ₹13,339 per square foot for apartments and ₹7,343 per square foot for plotted developments.The NCR region contributed the largest share in Prestige Estates’ geographical sales at 59%, followed by Bengaluru at 21%, Mumbai at 12%, Hyderabad at 5% and other cities accounting for 3%.
Its sales volumes increased 234% to 9.55 million square feet from the first quarter of the previous fiscal.
The company said its collections were up 55% at ₹4,522.7 crore from the year-ago period, its highest-ever quarterly collections to date.
Its average realisations were at ₹13,339 per square foot for apartments and ₹7,343 per square foot for plotted developments.The NCR region contributed the largest share in Prestige Estates’ geographical sales at 59%, followed by Bengaluru at 21%, Mumbai at 12%, Hyderabad at 5% and other cities accounting for 3%.
Prestige Estates said it launched four residential projects in the quarter under review, totalling 13.94 million square feet, including its first-ever launch in the NCR region.
It also completed five residential projects spanning 5.45 million square feet, including its first-ever project completions in Mumbai.
Shares of Prestige Estates were down 0.9% at ₹1,644.1 apiece at 1.35 pm on Wednesday, July 9. The stock has declined nearly 4% in the past month.
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