Prestige Estates Q1 results: Net profit rises 26% on strong housing demand
Published on 05/08/2025 09:50 PM
Prestige Estates Q1 results: Net profit rises 26% on strong housing demandShares of the company ended 1.4% lower on the BSE today at a price of ₹1,609.35.By Poonam Behura August 5, 2025, 9:50:29 PM IST (Published)1 Min ReadPrestige Estates Projects Ltd on Tuesday reported a 26% rise in first-quarter consolidated net profit to ₹292.5 crore, helped by higher revenue and robust housing demand.
The Bengaluru-based real estate firm had posted a net profit of ₹232.6 crore in the year-ago period.
Total income rose to ₹2,468.7 crore in the quarter ended June 30 from ₹2,024.5 crore a year earlier, the company said in a regulatory filing.
Last month, Prestige reported a four-fold jump in pre-sales to ₹12,126.4 crore in Q1 FY26, led by strong demand for a housing project in Ghaziabad. Pre-sales stood at ₹3,029.5 crore in the same quarter last year.
As of March 2025, the group had delivered 302 projects spanning 193 million square feet and had a pipeline of 130 projects across 203 million sq ft.
Shares of the company ended 1.4% lower on the BSE today at a price of ₹1,609.35.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsPrestige Estatesshare market today