Prestige raises roof on FY26 ambitions

Record H1 presales lay foundation of a towering growth story

- RAM PRASAD SAHU

The stock of real estate major Prestige Estates Projects was among the top gainers in the BSE 200 index, rising 4.4 per cent after the company indicated healthy growth in its pre-quarter update for the July-September quarter (Q2) of 2025-26 (FY26).

While Q2 sales were robust, the first half (H1) of FY26 saw presales or bookings exceed those of 2024-25. The strong bookings trend is expected to support the stock, which, along with its real estate peers, has sharply underperformed the broader markets and benchmarks over the past year. The stock is down 15 per cent during this period.

The company recorded sales of just over ₹6,000 crore, up 50 per cent year-on-year (Yo-Y), driven by demand across markets and segments.

By volume, sales rose 47 per cent Yo-Y to 4.42 million square feet (msf), with 2,069 units sold. Realisations in Q2 were steady at ₹14,906 per square foot, an 8 per cent Yo-Y increase.