Prestige Estates Projects Limited has informed the Exchange about Operations update for the quarter ended June 30, 2025.
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Prestige Estates reported its strongest-ever quarter in Q1 FY26, clocking record sales of ₹121,264 million, up 300% year-on-year. The company sold 4,718 units covering 9.55 million square feet (up 234% YoY) and achieved its highest-ever quarterly collections of ₹45,227 million (up 55% YoY). NCR region led the sales mix at 59%, followed by Bengaluru (21%) and Mumbai (12%), reflecting the company's growing national footprint. Four new projects totaling 14.94 million sq ft were launched, including a maiden NCR launch where about 80% of inventory sold at launch. Five projects spanning 5.45 million sq ft were completed, including first-ever deliveries in Mumbai. The office vertical leased 1.21 million sq ft at 93.7% occupancy, while retail malls posted a gross turnover of ₹5,900 million at 98.9% occupancy.
This is a strong positive update for shareholders, showing record-breaking sales, collections, and successful geographic expansion into NCR and Mumbai completions. The robust start to FY26 reinforces growth momentum and execution capability, likely to be viewed favorably by the market.