Prestige Estates Projects Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 2 per equity share.
PRESTIGE · price
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On the reaction day the stock moved in line with Nifty Midcap 150 and 0.4 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prestige Estates Projects reported FY26 standalone revenue of Rs 40,804 million (up 42% from Rs 28,730 million in FY25) and consolidated revenue of Rs 1,26,854 million (up 73% from Rs 73,494 million in FY25), indicating strong top-line growth. Standalone net profit was Rs 1,832 million, marginally lower than Rs 1,865 million in FY25, while consolidated profit before tax surged to Rs 17,136 million from Rs 7,558 million in FY25. The Board recommended a final dividend of Rs 2 per share (20% on Rs 10 face value), subject to shareholder approval at the 29th AGM. Additionally, the company approved issuance of non-convertible debentures up to Rs 2,000 crores on private placement and redesignated Ms. Uzma Irfan as Whole-Time Director for 5 years. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
Strong revenue growth validates Prestige's market position and execution capability. The 42% standalone revenue growth is positive, though the marginal decline in standalone PAT and EPS (Rs 4.25 vs Rs 4.46) warrants monitoring. The clean audit opinion and dividend recommendation signal financial stability, while the Rs 2,000 crore NCD program provides flexibility for future funding needs.