Prestige Estates Projects shines on reporting 50% growth in sales during Q2 FY26
Prestige Estates Projects is currently trading at Rs. 1563.05, up by 49.45 points or 3.27% from its previous closing of Rs. 1513.60 on the BSE.
The scrip opened at Rs. 1574.00 and has touched a high and low of Rs. 1615.50 and Rs. 1553.25 respectively. So far 121563 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1909.00 on 15-Oct-2024 and a 52 week low of Rs. 1048.30 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1615.50 and Rs. 1506.10 respectively. The current market cap of the company is Rs. 67236.99 crore.
The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 36.29% and 2.77% respectively.
Prestige Estates Projects has reported 50% year-on-year growth in sales to Rs 6017.30 crore during Q2 FY26, driven by robust demand across markets and segments. Sales volume for Q2 FY26 stood at 4.42 million square feet, up 47% year-on-year, translating to 2,069 units sold. The average realization for apartments rose 8% year-on-year to Rs 14,906 per square foot, while plots saw a sharp 43% increase in realization to Rs 9,510 per square foot.
For H1 FY26, sales volumes aggregated 13.96 million square feet, representing 6,788 units sold. The average realization for apartments stood at Rs 13,769 per square foot, up 6% year- on-year, while plots averaged Rs 8,425 per square foot, up 17% year-on-year.
Collections remained strong at Rs 4212.80 crore during Q2, up 54% year-on-year, taking the H1 Collections to Rs 8735.60 crore, a 55% increase over the same period last year.
Prestige Estates Projects is the flagship company of the Prestige Group. Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
