Realty company Prestige Estates Projects announced Q1FY27 results Consolidated Financial Highlights: The Consolidated Revenue from operations for Q1FY27 stood at Rs 26,751 million, reflecting a YoY growth of 15.94% from Rs 23,073 million in Q1FY26 and a QoQ decline of 34.33% from Rs 40,738 million in Q4FY26. For the full year FY26, the Revenue from operations was Rs 1,26,854 million. Total income for the group in Q1FY27 was Rs 28,356 million, compared to Rs 24,687 million in Q1FY26 (up 14.86% YoY) and Rs 41,435 million in Q4FY26 (down 31.57% QoQ). The Total income for FY26 stood at Rs 1,31,955 million. Profit before tax for Q1FY27 was reported at Rs 3,657 million, showing a YoY decrease of 16.62% from Rs 4,386 million in Q1FY26 and a QoQ decrease of 11.39% from Rs 4,127 million in Q4FY26. The Profit before tax for FY26 was Rs 17,136 million. The Net profit for the period in Q1FY27 reached Rs 2,714 million, a decline of 12.87% YoY from Rs 3,115 million in Q1FY26 and a decline of 6.99% QoQ from Rs 2,918 million in Q4FY26. For FY26, the Net profit was Rs 13,054 million. Net profit attributable to the owners of the parent was Rs 2,359 million in Q1FY27, compared to Rs 2,925 million in Q1FY26 (down 19.35% YoY) and Rs 2,501 million in Q4FY26 (down 5.68% QoQ). Total comprehensive income for Q1FY27 was Rs 2,714 million, representing a YoY decrease of 13.01% from Rs 3,120 million in Q1FY26 and a QoQ decrease of 8.68% from Rs 2,972 million in Q4FY26. For FY26, it was Rs 13,119 million. Basic and Diluted Earnings Per Share (EPS) for Q1FY27 was Rs 5.48, compared to Rs 6.79 in Q1FY26 and Rs 5.81 in Q4FY26. The annual EPS for FY26 stood at Rs 27.76. Standalone Financial Highlights: Standalone Revenue from operations for Q1FY27 was Rs 7,490 million, showing a YoY increase of 64.25% from Rs 4,560 million in Q1FY26 and a QoQ decrease of 55.86% from Rs 16,968 million in Q4FY26. The Revenue from operations for FY26 was Rs 40,804 million. Total income for Q1FY27 stood at Rs 8,126 million, compared to Rs 5,237 million in Q1FY26 (up 55.17% YoY) and Rs 17,668 million in Q4FY26 (down 53.99% QoQ). For FY26, the total income was Rs 43,841 million. Standalone Profit before tax for Q1FY27 was Rs 103 million, an increase of 33.77% YoY from Rs 77 million in Q1FY26, but a significant QoQ decrease of 92.59% from Rs 1,391 million in Q4FY26. For FY26, the standalone profit before tax was Rs 2,046 million. Standalone Net profit for Q1FY27 was Rs 114 million, a YoY decrease of 12.98% from Rs 131 million in Q1FY26 and a QoQ decrease of 89.06% from Rs 1,042 million in Q4FY26. The Net profit for FY26 was Rs 1,832 million. The Standalone Total comprehensive income for Q1FY27 was Rs 114 million, against Rs 131 million in Q1FY26 and Rs 1,068 million in Q4FY26. For FY26, it was Rs 1,858 million. Basic and Diluted Earnings Per Share (EPS) for Q1FY27 was Rs 0.26, compared to Rs 0.30 in Q1FY26 and Rs 2.42 in Q4FY26. Business Highlights: Acquisitions: During Q1FY27, the company acquired a 50% partnership interest in Aaramnagar Realty LLP, effective April 09, 2026. Subsidiary IPO Filing: In April 2025, Prestige Hospitality Ventures Limited (PHVL), a wholly-owned subsidiary, filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). This comprises an offer for sale of equity shares up to Rs 10,000 million and a fresh issue of equity shares up to Rs 17,000 million. Utilization of Funds: The company had previously issued 29,868,578 Equity Shares through a Qualified Institutional Placement (QIP) in FY25, aggregating to Rs 50,000 million. As of June 30, 2026, the entire amount raised has been utilized for the intended purposes. Dividend Recommendation: The Board of Directors, at their meeting held on May 21, 2026, recommended a Final Dividend of Rs 2.00 per share for FY26, which is subject to approval at the ensuring Annual General Meeting. Joint Development Agreement (JDA) Claims: The Company has certain pending claims from a Land Owner Company, including gross receivables of Rs 923 million (including towards TDRs), arising from a registered JDA for a real estate project. Despite the Land Owner Company being ordered to be wound up, the management believes the dues are recoverable. Income Tax Search Matters: A search under section 132 of the Income Tax Act was conducted during FY25 on the Company and certain group companies. As of the report date, no demand or show cause notice has been received, and management expects no further liability. Irfan Razack, Chairman & Managing Director, Prestige Group, said: "This project marks another significant milestone in Prestige Group's continued expansion in the Mumbai Metropolitan Region. Thane has emerged as one of the region's most dynamic residential markets, driven by robust infrastructure development and sustained housing demand. We are delighted to create an integrated community that reflects our commitment to quality, thoughtful design, timely delivery and customer satisfaction. We look forward to bringing this landmark development to market in the near future and are confident it will be well received by discerning homebuyers in the region." Result PDF