Outcome of Board Meeting held on May 21, 2026, approving financials results, final dividend, fund raising through Non convertible Debentures
PRESTIGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prestige Estates Projects Limited reported strong FY26 results with standalone revenue growing 42% to Rs. 40,804 million and consolidated revenue surging 73% to Rs. 1,26,854 million compared to FY25. Despite the revenue growth, standalone net profit slightly declined by 1.8% to Rs. 1,832 million due to higher costs and finance expenses. The company achieved consolidated PAT of Rs. 13,054 million, up over 111% from Rs. 6,169 million in FY25. EBITDA margins compressed from 35.8% to 29.3% on standalone basis due to increased contractor and land costs. The board approved final dividend of Rs. 2 per share (20%) and authorized issuance of non-convertible debentures up to Rs. 2,000 crore. Borrowings nearly doubled to Rs. 70,282 million while cash reserves fell from Rs. 13,175 million to Rs. 4,054 million. Ms. Uzma Irfan was redesignated as Whole-Time Director for 5 years.
The strong revenue growth and PAT expansion on consolidated basis are positives, but margin compression and elevated debt levels may concern investors. The Rs. 2,000 crore NCD program indicates significant capital raising plans. Clean audit with unmodified opinion is reassuring.