Prestige Estates Projects Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported robust growth, with annual consolidated revenue rising to ₹1,26,854 million and net profit reaching ₹13,054 million. Key highlights include a recommended final dividend of 20% (₹2 per share), approval for non-convertible debentures up to ₹2,000 crores, and the appointment of Ms. Uzma Irfan as Whole-Time Director for a five-year term.
Annual Financial Performance
For the financial year ended March 31, 2026, Prestige Estates Projects Limited demonstrated significant growth. The company achieved a consolidated annual revenue of ₹1,26,854 million, compared to ₹73,494 million in the previous year. Net profit for the year attributable to owners of the parent stood at ₹11,955 million, marking a substantial increase from ₹4,675 million in the preceding year.
Dividend and Capital Expansion
Reflecting confidence in its operational performance, the Board of Directors has recommended a final dividend of 20%, amounting to ₹2 per equity share, subject to approval at the 29th Annual General Meeting. To further support growth initiatives, the board has approved the issuance of non-convertible debentures on a private placement basis for an aggregate amount of up to ₹2,000 crores.
Leadership Strengthening
The company announced the redesignation of Ms. Uzma Irfan as a Whole-Time Director. Her new tenure is effective from May 21, 2026, extending for a period of five years until May 20, 2031. Ms. Irfan, who has been instrumental in the company’s success as Director of Corporate Communications, brings a strong focus on innovation and collaborative leadership to the executive team.
Operational Highlights
The company continues to expand its footprint through strategic acquisitions and joint ventures. During the fiscal year, the group acquired additional stakes in various subsidiaries and joint ventures, including Prestige Nottinghill Investments and Prestige Beta Projects Private Limited. Additionally, the group maintains a positive outlook as it monitors the integration of new labour codes, which the company assessment suggests will have no material impact on overall financial results.
Source: BSE
