India · Delayed Price · Currency is INR Prestige Estates Projects Earnings Call Transcripts
Fiscal Year 2026
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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 driven by strong launches and pan-India expansion. Guidance for FY26 pre-sales and revenue recognition remains robust, with stable margins and a healthy launch pipeline. Commercial and retail segments show high occupancy and rental growth.
Fiscal Year 2025
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Q4 FY25 saw a 48% YoY sales surge, with Mumbai surpassing Bangalore and strong pricing power offsetting deferred launches. FY26 guidance is set at ₹27,000 crores in sales, backed by a robust launch pipeline and healthy margins, with approvals and collections expected to improve.
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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 robust sales, strong project launches, and a successful INR 5,000 crore QIP, with significant debt reduction and business expansion. Management remains confident in meeting FY25 pre-sales guidance, supported by a large launch pipeline and strong demand.
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Quarterly sales reached INR 3,030 crore with strong margins and robust demand in key cities. Multiple launches and a CapEx pipeline of INR 16,000 crore support a confident 25-30% growth outlook, while regulatory delays remain a key risk.