NEW DELHI: Prestige Estates Projects Ltd has announced a 95% increase in consolidated net profit, reaching Rs 457.4 crore for the September quarter, thanks to higher income and reduced expenses.
In the same quarter last year, net profit was Rs 234.6 crore.
The total income surged to Rs 2,697.8 crore in the second quarter of this fiscal, up from Rs 2,423.8 crore during the corresponding period last year, as reported in their Wednesday regulatory filing.
Irfan Razack, Chairman and Managing Director of Prestige Group, stated that the company has delivered strong financial and operational performance.
“The first half of FY26 has been particularly strong, characterized by robust sales and healthy cash flows, reflecting the trust that homebuyers and investors have in the Prestige brand. Our commitment is to timely project delivery, wise capital investment, and expanding our presence in key growth markets,” he said.
With a strong pipeline of launches, Razack mentioned that the company is positioned to maintain its growth through the rest of the year.
Prestige Group stands as one of India’s leading real estate developers, with a diverse portfolio that includes residential, commercial, retail, hospitality, and mixed-use projects.
Over the past thirty years, the Group has completed more than 200 million square feet of development.
