Prestige Estates Projects reported a consolidated net profit of ₹10.14 billion for the nine months ended December 31, 2025. Revenue from operations reached ₹86.12 billion. The company acquired additional stakes in multiple subsidiaries and a controlling stake in Bharatnagar Buildcon LLP during the period. They continue to develop real estate and related activities in India.
Financial Highlights
Prestige Estates Projects announced its unaudited consolidated financial results, showcasing a net profit of ₹10.14 billion for the nine months ending December 31, 2025. The company’s revenue from operations was reported as ₹86.12 billion for the same period.
Segment Performance
The Group’s primary business is in real estate development and related activities. This is considered the only reportable segment. Their operations are based in India.
Key Developments
During the nine months ending December 31, 2025, Prestige Estates Projects completed the following:
- Acquired additional stakes in subsidiaries Prestige Nottinghill Investments, Apex Realty Ventures LLP, and Prestige AAA Investments.
- Obtained a controlling stake in Bharatnagar Buildcon LLP.
Exceptional Item
A gain of ₹1.104 billion from the transfer of a business undertaking to Prestige Hospitality Ventures Limited was disclosed as an exceptional item.
QIP Issue
The company issued 29,868,578 Equity Shares through a Qualified Institutional Placement (QIP) at an issue price of ₹1,674 per equity share, raising ₹50 billion. As of December 31, 2025, ₹46.78 billion has been utilized, with the remaining ₹3.75 billion held in bank accounts.
Hospitality Ventures IPO
Prestige Hospitality Ventures Limited (PHVL), a subsidiary, filed a Draft Red Herring Prospectus for an Initial Public Offering (IPO). The IPO includes an offer for sale of equity shares up to ₹10 billion and a fresh issue of equity shares up to ₹17 billion.
Source: BSE
