NEW DELHI: Prestige Estates Projects has experienced a 12.9% drop in its net consolidated profit after tax, reporting ₹271.40 crore for the quarter ending June 30, 2026, down from ₹311.50 crore for the same period last year.
The company’s net consolidated total income saw an increase of 14.9%, reaching ₹2,835.60 crore in Q1 FY27 compared to ₹2,468.70 crore in Q1 FY26.
Sales recorded during the quarter amounted to ₹6,579.30 crore, a decline of 46% year-on-year. The Prestige Group’s share in sales was ₹6,126.60 crore, representing a 43% decrease.
Collections rose by 6% year-on-year to ₹4,802.20 crore, with the group’s share in collections increasing 4% to ₹4,391.40 crore.
In Q1 FY27, the company sold 6.04 million sq. ft. of area, down 37% from the same quarter last year. The Prestige Group’s share in sold area was 5.56 million sq. ft., a decline of 31% year-on-year.
During the quarter, the company sold 3,337 units. The average sales realization for apartments and villas fell 16% year-on-year to ₹11,193 per sq. ft., while realization from plot sales rose by 10% to ₹8,043 per sq. ft.
In the quarter ending June 30, 2026, the group acquired a 50% ownership interest in Aaramnagar Realty LLP.
