Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Prestige has room for better FY26
Mint Mumbai
|June 02, 2025
Prestige Estates Projects Ltd put up a decent show in the March quarter (Q4FY25) with pre-sales or bookings at ₹6,957 crore, up 48% year-on-year.
Prestige Estates Projects Ltd put up a decent show in the March quarter (Q4FY25) with pre-sales or bookings at ₹6,957 crore, up 48% year-on-year. Last quarter, it launched 14.03 million square feet (msf) spanning four projects: Prestige Suncrest and Prestige Southern Star-Ph1 in Bengaluru; Prestige Nautilus in Mumbai; and Prestige Spring Heights in Hyderabad.
However, Prestige still missed its full-year FY25 pre-sales target. Bookings declined 19% year-on-year to ₹17,023 crore, below the guided ₹24,000 crore. Lack of adequate new project launches due to approval delays was a dampener during a large part of the fiscal. Launches fell to 26 msf in FY25 from 40 msf in FY24, and project completions were tepid. Prestige's lacklustre performance comes when other listed peers such as Godrej Properties Ltd and Macrotech Developers Ltd (Lodha) surpassed their respective guidance, clocking impressive FY25 pre-sales.
This story is from the June 02, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Streets to surgery, a fix for stray dog crisis
India is preparing a national funding offensive to tackle a burgeoning stray dog crisis, as a surge in attacks and rabies fatalities forces the government to intervene in a longstanding public health failure.
3 mins
January 21, 2026
Mint Mumbai
Rising costs sting early birds in Q3
India Inc. may have finally found its revenue footing in the December quarter after a year of sluggish demand.
2 mins
January 21, 2026
Mint Mumbai
Toyota taps Maruti JV for first electric car launch in India
Toyota Kirloskar Motor, the local arm of Japan's Toyota Motor Corp, will leverage its model-sharing partnership with Maruti Suzuki India to bring its first electric car to the country, becoming the last major automaker to enter the battery-powered mobility in the world’s third-largest car market.
1 mins
January 21, 2026
Mint Mumbai
Why an emboldened Trump set his sights on Greenland
After successful ouster of Maduro, U.S. president emerged even more willing to test foreign-policy norms
6 mins
January 21, 2026
Mint Mumbai
Trade fights hurt, Nifty falls most in 8 months
₹9.86 trillion wiped out, more volatility likely; trade deal clarity may help
3 mins
January 21, 2026
Mint Mumbai
Glide path for new job scheme likely
Even as a two-decade-old welfare employment scheme is set to be replaced by a new one, the upcoming Union budget may carve out separate allocations for both schemes to ensure there are no gaps in jobs during the transition period, according to the minister in charge of rural development.
2 mins
January 21, 2026
Mint Mumbai
Silver near ₹3.2 lakh, gold breaks record
Silver prices extended its record-setting surge on Tuesday, approaching the ₹3.2 lakh per kilogram, while gold futures soared to a lifetime high of ₹1.48 lakh per 10 grams, as investors flocked to safe-haven assets amid deepening global geopolitical uncertainties.
1 min
January 21, 2026
Mint Mumbai
European countries contend with a big new threat: The U.S.
As Trump threatens NATO allies, the continent tries to head off a costly divorce
6 mins
January 21, 2026
Mint Mumbai
Tata Motors to stick to its profitable growth strategy
The firm’s commercial vehicle arm is prioritising profitability over pure market-share gains
3 mins
January 21, 2026
Mint Mumbai
Everstone Cap steers Wingify-AB Tasty tie-up post buyout
Everstone Capital is in the process of merging its portfolio company Wingify with French content optimisation company AB Tasty.
1 min
January 21, 2026
Listen
Translate
Change font size