Prestige Estates Projects Limited has reported its financial results for the quarter and year ended March 31, 2026. The company achieved strong financial growth, leading to a recommendation of a 20% final dividend (Rs. 2 per share). Furthermore, the Board has approved a capital raise of Rs. 2,000 Crores via non-convertible debentures and the redesignation of Ms. Uzma Irfan as a Whole-Time Director for a five-year term.
Financial Performance Overview
For the financial year ended March 31, 2026, Prestige Estates Projects Limited demonstrated robust performance. On a standalone basis, the company reported Rs. 40,804 million in revenue from operations for the year, with a net profit of Rs. 1,832 million. The consolidated results reflect a broader scope of operations, with annual revenue reaching Rs. 1,26,854 million and a net profit attributable to owners of the parent at Rs. 11,955 million.
Dividend and Strategic Capital
The Board of Directors has recommended a final dividend of 20%, equating to Rs. 2 per equity share for the year ended March 31, 2026. This recommendation is subject to the approval of shareholders at the upcoming 29th Annual General Meeting. Additionally, to support future growth and operational requirements, the company has secured approval to issue non-convertible debentures amounting to Rs. 2,000 Crores on a private placement basis.
Leadership Developments
As part of its leadership succession and organizational strengthening, the company has redesignated Ms. Uzma Irfan as a Whole-Time Director. This appointment is effective from May 21, 2026, and spans a tenure of five years, concluding on May 20, 2031. Ms. Irfan brings a wealth of experience, having previously served as the Director of Corporate Communications, where she played a pivotal role in fostering a collaborative culture within the Prestige Group.
Operational Highlights
The company continues to expand its footprint through strategic acquisitions and joint ventures. During the fiscal year, Prestige Estates directly or indirectly increased its stake in several subsidiaries, including Prestige Nottinghill Investments, Apex Realty Ventures LLP, and Prestige Sterling Infra Projects Private Limited. Furthermore, the company established a controlling stake in Bharatnagar Buildcon LLP and Aspire Spaces Tellapur LLP, reflecting a continued commitment to scaling its real estate development capabilities.
Source: BSE
