India · Delayed Price · Currency is INR Prestige Estates Projects Earnings Call Transcripts
Fiscal Year 2026
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Record annual sales and revenue growth driven by robust launches and strong demand across segments. FY 2027 guidance targets 15%-20% growth in pre-sales and collections, with a large launch pipeline and disciplined capital allocation.
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Record pre-sales and collections drove strong Q3 and nine-month FY 2026 results, with robust performance across residential, office, and retail segments. FY 2026 pre-sales are set to exceed INR 30,000 crore, supported by a healthy launch pipeline and geographic diversification.
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Record H1 sales and collections, robust launches, and strong margins drove double-digit growth in revenue and profitability. Debt remains low, with major launches and asset monetization planned. Market demand and operational execution remain strong.
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Record Q1 pre-sales and collections drove strong cash flow and pan-India expansion, with NCR leading sales. EBITDA margin held at 35%, and robust launch and business development pipelines support guidance for INR 25,000–27,000 crores pre-sales in FY 2026.
Fiscal Year 2025
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Q4 FY25 saw a strong recovery with 48% year-on-year sales growth and robust launches, while FY25 sales were down 19% due to deferred launches but offset by higher realizations. FY26 guidance is set at INR 27,000 crores in sales, with a strong launch pipeline and healthy margins expected.
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Q3 FY25 saw strong sales and collections, with robust performance across office, retail, and hospitality segments. A major launch pipeline is set for the coming quarter, though regulatory approvals remain a key risk. Cash flows and margins remain healthy.
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Q2 and H1 FY25 saw strong sales and robust operational performance, with INR 5,000 crores raised via QIP for debt reduction and expansion. Management remains confident of meeting or exceeding FY25 pre-sales guidance, supported by a launch pipeline of INR 52,000 crores GDV in H2 and healthy demand across segments.
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Q1 FY25 delivered INR 3,030 crore in sales and INR 2,916 crore in collections, with strong margins and robust demand across segments. Management maintains 25%-30% growth guidance, supported by upcoming launches and high occupancy in retail and office.