PRESTIGENSEPrestige Estates Projects Limited· ConstructionMediumPositive
Announced Tue, 7 Apr · 23:54 IST

Prestige Estates Projects Limited has informed the Exchange regarding a press release dated April 07, 2026, titled "Prestige Estates Hits a New High, Marking a Landmark FY26 with Annual Pre-Sales Surpassing Rs. 30,000 Cr".

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AI summary

Prestige Estates Projects Limited achieved its highest-ever annual pre-sales of Rs. 30,024 Crores in FY26, marking a 76% year-on-year increase. Q4 FY26 contributed Rs. 7,697 Crores with 10% growth. This is the first time the company has crossed the Rs. 30,000 Crore milestone in annual pre-sales. The strong performance was driven by demand across Bengaluru, NCR, Mumbai, Hyderabad, and Chennai. The Chairman expressed optimism about sustaining this momentum with a robust pipeline of upcoming launches.

Likely market impact

The exceptional 76% YoY growth in pre-sales demonstrates strong execution and demand for the company's projects, which is positive for investors as it indicates robust revenue visibility and market leadership in key urban markets.