Shares of Prestige Estates Projects slipped over 2% in early trade on Wednesday, even as the company posted a solid set of numbers for the first quarter of FY26. The stock opened at ₹1,620 and touched a high of ₹1,629.80 before slipping to an intraday low of ₹1,568.30. Despite the swings, the stock remains well above its 52-week low of ₹1,048.05 but below its 52-week high of ₹1,972.00. As of 10:17 AM, the shares were trading 2.23% lower at Rs 1,573.00.
On a consolidated basis, Prestige Estates reported a 24% year-on-year rise in revenue to ₹2,307 crore, compared to ₹1,862 crore in the same quarter last year. Net profit also saw a healthy growth of 25.8%, coming in at ₹293 crore, up from ₹233 crore in Q1 FY25.
EBITDA for the quarter rose 12% to ₹893 crore from ₹797 crore a year ago. However, the EBITDA margin declined to 38.7% from 42.8% in the year-ago period, indicating some pressure on profitability despite the topline growth.
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