Strong Q1 FY27 with ₹65,793 mn pre-sales and diversified portfolio performance
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Prestige Estates posted Q1 FY27 residential pre-sales of ₹65,793 mn covering 6.04 mn sqft and 3,337 units. Hyderabad led at 49 percent, followed by Bengaluru 27 percent, Mumbai 12 percent, NCR 7 percent. Collections reached ₹48,022 mn. Commercial leasing hit 1.5 mn sqft with exit rentals of ₹7,560 mn. Retail mall GTO grew 18 percent year on year to ₹7,370 mn with 5.2 mn footfalls. Four new projects launched with combined GDV of about ₹1,20,000 mn. Chairman cites strong start and confident outlook for the year.
Strong start to FY27 with healthy pre-sales, collections, and leasing momentum supports growth outlook. Positive sentiment for the stock.