Prestige Estate Projects rallies 7% on robust Q2 business update: Here’s all you need to know

Riding on sustained demand and strategic launches, the company has achieved sales of ₹1,81,43.7 crore in H1 FY26, up 157% year-on-year (YoY), surpassing its full-year FY25 sales.

During Q2 FY26, Prestige recorded sales of ₹60,17.3 crore, marking a 50% YoY growth, driven by robust demand across markets and segments. Sales volume for the quarter stood at 4.42 million square feet, up 47% YoY, translating to 2,069 units sold. The average realisation for apartments rose 8% YoY to ₹14,906 per square foot, while plots saw a sharp 43% increase in realisation to ₹9,510 per square foot.

For H1 FY26, sales volumes aggregated 13.96 million square feet, representing 6,788 units sold. The average realisation for apartments was ₹13,769 per square foot, up 6% year-on-year, while plots averaged ₹8,425 per square foot, up 17% year-on-year.

The real estate major further said that the collections remained strong at ₹42,12.8 crore during Q2, up 54% YoY, taking the H1 collections to ₹87,35.6 crore, a 55% increase over the same period last year. Sales reflected a balanced and geographically diversified performance across the Prestige’s key markets.

The company has surpassed its full-year FY25 sales. As of June 2025, the group has delivered 307 projects spanning 199 million sq ft and currently has a pipeline of 132 projects across 200 million sq ft.

In Q2 FY26, Prestige Estates launched 3.87 million square feet of developable area, with a total gross development value (GDV) of ₹39,66.9 crore, bringing H1 FY26 launches to 18.81 million square feet with a GDV of ₹175,92.2 crore.

Commenting on the Q2 update, Irfan Razack, Chairman and Managing Director, Prestige Group, said, “What makes this performance even more gratifying is the contribution from multiple geographies—Bengaluru, NCR, and Mumbai have all delivered exceptionally well. We remain focused on consolidating this growth through timely delivery, prudent financial management, and a pipeline of projects that continue to set benchmarks in the industry.”

Following the updates, shares of the real estate major rallied on Thursday. At 10:20 PM, Prestige Estates shares were trading at ₹1,565.40 apiece, gaining 3.41% on the National Stock Exchange.

However, in the last three months, the stock has lost 5%, while for six months’ time, it has zoomed 45%. Since the beginning of the year, it has tumbled more than 5%.