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Shares of Prestige Estates Projects Ltd. are in focus on Wednesday, April 8, after the company said it achieved its highest-ever pre-sales in the financial year 2026, as they crossed the ₹30,000 crore mark for the first time ever.
The real estate firm, in an exchange filing on Tuesday, said it achieved its highest-ever annual pre-sales of ₹30,024 crore, up 76% from the year-ago period. Of this, it recorded pre-sales of ₹7,697 crore in the fourth quarter, which were up 10% from the previous year.
Prestige Estates said it witnessed sustained traction across its key markets during the year, driven by steady demand for well-located, high-quality developments. It said the sales momentum remained consistent across both new launches and the ongoing inventory, reflecting resilient end-user demand.
The company said it witnessed heavy contributions from geographies such as Bengaluru, NCR, Mumbai, Hyderabad and Chennai.
"With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum in the coming year," Irfan Razack, the chairman and managing director of Prestige Estates, said.
Shares of Prestige Estates Projects Ltd. ended the previous session 3% higher at ₹1,219 apiece. The stock has declined 24% this year, so far.
Also Read: Titan's jewellery business posts 46% YoY growth in Q4 update
The real estate firm, in an exchange filing on Tuesday, said it achieved its highest-ever annual pre-sales of ₹30,024 crore, up 76% from the year-ago period. Of this, it recorded pre-sales of ₹7,697 crore in the fourth quarter, which were up 10% from the previous year.
Prestige Estates said it witnessed sustained traction across its key markets during the year, driven by steady demand for well-located, high-quality developments. It said the sales momentum remained consistent across both new launches and the ongoing inventory, reflecting resilient end-user demand.
The company said it witnessed heavy contributions from geographies such as Bengaluru, NCR, Mumbai, Hyderabad and Chennai.
"With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum in the coming year," Irfan Razack, the chairman and managing director of Prestige Estates, said.
Shares of Prestige Estates Projects Ltd. ended the previous session 3% higher at ₹1,219 apiece. The stock has declined 24% this year, so far.
Also Read: Titan's jewellery business posts 46% YoY growth in Q4 update
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