Shares of Prestige Estates Projects Limited rose 5.90% to Rs 1,603.10 on Wednesday after the company reported robust financial and operational performance for the September quarter (Q2 FY26). The real estate major recorded a 50% year-on-year surge in sales to Rs 6,017 crore, while collections increased 55% to Rs 4,212 crore.
Sales volume during the quarter rose 47% to 44.2 lakh square feet, supported by an 8% improvement in average realisation to Rs 14,906 per square foot. Prestige launched 38.7 lakh square feet of new developable area in Q2 with a gross development value (GDV) of Rs 3,967 crore, taking total launches in the first half of FY26 to 1.88 crore square feet, with a GDV of Rs 17,592 crore.
The company completed 79.9 lakh square feet of projects in H1 FY26. In the office segment, gross leasing stood at 23 lakh square feet with a strong occupancy of 93.4%, while projected FY26 exit rentals are pegged at Rs 820 crore. In the retail portfolio, gross turnover rose 9% YoY to Rs 624 crore with 4.8 million footfalls and 99% occupancy.
“We are delighted to report an outstanding first half, marked by record sales and strong collections,” said Irfan Razack, Chairman and Managing Director, Prestige Group. “Our projects across Bengaluru, NCR, and Mumbai have all delivered exceptionally well,” he added, citing strong traction at Prestige Nautilus in Mumbai and The Prestige City Indirapuram in NCR.
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