Prestige Estates Projects Limited Earnings Summary — Q4 FY2026
Prestige Estates Records Significant Revenue Surge in Q4 as Mumbai Expansion Gains Momentum
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 34.3% sequentially in Q1 FY2027.
- Revenue of ₹2,675 Cr is 15.9% higher year-on-year.
- Revenue has compounded at 9.9% annualised over the last 10 quarters.
- Net profit of ₹236 Cr is 19.4% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 26.1% annualised across the period.
- Operating margin stands at 31.8% in Q1 FY2027.
- Operating margin compressed by 627 bps year-on-year.
- Over the last two years operating margin has contracted by 1033 bps.
- PBT margin is 13.7%.
- Expenses grew 27.7% against revenue growth of 15.9%.
- Operating profit of ₹849 Cr is 3.2% lower year-on-year.
- Operating leverage has been under pressure recently.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 51/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 2,675 | 4,074 | 3,873 | 2,432 | 2,307 | 1,528 | 1,655 | 2,304 | 1,862 | 2,164 |
| Expenses | Accelerating | 1,826 | 3,063 | 3,013 | 1,522 | 1,430 | 999 | 1,071 | 1,684 | 1,079 | 1,336 |
| Operating Profit | Stable | 849 | 1,010 | 860 | 910 | 877 | 529 | 583 | 620 | 784 | 828 |
| Operating Margin | Stable | 31.8% | 24.8% | 22.2% | 37.4% | 38.0% | 34.6% | 35.2% | 26.9% | 42.1% | 38.3% |
| Other Income | Improving | 161 | 70 | 36 | 278 | 161 | 61 | 43 | 119 | 162 | 108 |
| Interest | Stable | 418 | 430 | 384 | 385 | 384 | 286 | 345 | 357 | 346 | 424 |
| Depreciation | Stable | 226 | 238 | 234 | 219 | 216 | 217 | 205 | 200 | 191 | 197 |
| Profit Before Tax | Volatile | 366 | 413 | 278 | 584 | 439 | 87 | 77 | 183 | 409 | 315 |
| Tax | Volatile | 94 | 121 | 34 | 127 | 127 | 44 | 45 | -52 | 102 | 79 |
| Net Profit | Volatile | 236 | 250 | 223 | 430 | 293 | 25 | 18 | 192 | 233 | 140 |
| Net Margin | Volatile | 8.8% | 6.1% | 5.8% | 17.7% | 12.7% | 1.6% | 1.1% | 8.3% | 12.5% | 6.5% |
Key Takeaways
- Revenue grew a massive 166% YoY to ₹4,074 Cr, marking the highest quarterly sales in the company's reporting history.
- Quarterly net profit reached ₹292 Cr, a significant recovery from ₹43 Cr in the previous year's equivalent quarter.
- Operating Profit Margin improved to 25% from 22% in the preceding quarter (Dec 2025), though remains below historical peaks.
- Interest costs spiked to ₹430 Cr in Q4, reflecting the capital-intensive nature of the current expansion phase.
- The company transitioned from a Bengaluru-centric player to a multi-city powerhouse with active projects in Mumbai and NCR.
- Consolidated debt levels rose to ₹17,659 Cr at fiscal year-end to support the massive 150 mn sq ft pipeline.
- Revenue recognition under Ind-AS 115 continues to cause lumpiness in quarterly earnings figures.
Management Guidance
Management is focused on aggressive growth in the Mumbai and NCR markets, leveraging institutional partnerships with Blackstone and GIC to support expansion.
Sentiment Shift
Improving
Massive revenue scale-up and stabilizing margins suggest operational execution is catching up with the company's aggressive expansion strategy.
Outlook
The outlook remains robust based on a 150 mn sq ft pipeline, though high debt and interest costs (₹1,582 Cr annually) require careful management of cash flows.
From the Annual Report (Key Quotes)
“Led by Irfan Razack, the management is regarded as visionary with excellent execution capabilities.”
“The strategic pivot to diversify out of Bengaluru has been well-timed.”
“Management's ability to forge international partnerships validates their credibility.”
Official Quarterly Documents
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This summary is AI-generated from Prestige Estates Projects Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.