Prestige Estates News and Updates

Name: Latest research reports of Prestige Estates Projects Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Prestige Estates Projects Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news on Prestige Estates from all sources in a single place.

Load latest

Prestige Estates Projects Ltd.

10 Jun 2025

1677.30

0.47%

Prestige Group aims 59% growth in FY26 sales bookings at Rs 27,000 crore

Business Standard

Prestige Estates Projects Ltd has set a target to sell properties worth Rs 27,000 crore this fiscal year, an increase of 59 per cent from the previous year, as it remains bullish on housing demand. Bengaluru-based Prestige Estates Projects' sales bookings declined 19 per cent annually to Rs 17,023 crore in the 2024-25 fiscal year on delays in regulatory approvals to launch its projects. The company had given a sales bookings guidance of Rs 24,000 crore for the last fiscal year, but it missed the target by a huge margin. In a conference call with analysts, Prestige Estates Chairman Irfan Razack said the company has set a conservative pre-sales target of Rs 27,000 crore for the current fiscal year. "So the strategy is I would rather under-promise and over-deliver," Razack told analysts, as per the call transcript uploaded on the stock exchanges. "...see, now what has happened is we had kept a target of Rs 24,000 crore for FY25, which of course, we fell short of. But I think this fi

Prestige Estates Pro.. has an average target of 2059.00 from 3 brokers.

Prestige Estates Projects Ltd.

04 Jun 2025

1677.30

0.47%

Prestige Estates among top 3 real estate stock picks by Axis Securities for FY26

Economic Times

Axis Securities stays bullish on real estate for FY26, citing strong booking growth, resilient demand, and robust project pipelines. Top picks include Prestige Estates, SignatureGlobal, and Arvind Smartspaces for their execution strength.

Prestige Estates Pro.. has an average target of 2059.00 from 3 brokers.

Prestige Estates Projects Ltd.

02 Jun 2025

1677.30

0.47%

'Buy' Prestige Estates Shares Reiterates Motilal Oswal On Re-Rating Potential; Sees 32% Upside

NDTV Profit

Motilal Oswal is positive on Prestige Estate, though Q4 results shows guidance miss; average realization increases, the brokerage sees upto 32% upside

Prestige Estates Pro.. has an average target of 2059.00 from 3 brokers.

Prestige Estates Q4 Review: Results Miss The Mark, But FY26 Growth Looks Promising, Say Analysts

NDTV Profit | 02 Jun 2025 2 more

Prestige Estates Projects Ltd.

02 Jun 2025

1677.30

0.47%

Result Update:Prestige Estates

Buy: Prestige Estates Projects ...

Target

Axis Direct

With a 25% upside from the CMP, we maintain our long-term BUY rating on the stock

Axis Direct released a Buy report for Prestige Estates Projects Ltd. with a price target of 2000.0 on 14 Nov, 2025.

Prestige Estates Projects Ltd.

30 May 2025

1677.30

0.47%

Prestige Estates Q4 results: Net profit declines 82% to Rs 25 crore

Business Standard

Realty firm Prestige Estates Projects Ltd has posted an 82 per cent decline in its consolidated net profit to Rs 25 crore in the quarter ended March. Its net profit stood at Rs 140 crore in the year-ago period. Total income fell to Rs 1,589.3 crore in the fourth quarter of the last financial year from Rs 2,232.5 crore in the corresponding period of the preceding year, according to a regulatory filing on late Thursday. During the 2024-25 fiscal, Prestige Estates' net profit fell sharply to Rs 467.5 crore from Rs 1,374.1 crore in the preceding year. Total income too declined to Rs 7,735.5 crore in the last fiscal from Rs 9,425.3 crore in the 2023-24 fiscal. Prestige Estates has also partnered with Valor Group to develop an office complex worth Rs 4,500 crore in Mumbai. Prestige Estates informed that it has entered into a framework agreement with Valor Estate Ltd and its wholly owned subsidiaries for jointly developing a project on lands admeasuring in the aggregate 21,978.22 square

Number of FII/FPI investors decreased from 598 to 581 in Sep 2025 qtr

Prestige Estates, Valor Group join hands to build 4,500-cr office complex in Mumbai

Business Line | 30 May 2025 1 more

Prestige Estates Projects Ltd.

12 May 2025

1677.30

0.47%

Prestige Estates share zooms over 6% in trade on Monday; check reasons here

Business Standard

Prestige Estates shares rose after the company said that it has entered into a 'Framework Agreement' with Arihant Foundations, to collaborate and jointly develop real estate projects in Chennai

Prestige Estates Projects Ltd. is trading above its 200 day SMA of 1506.1

Prestige Estates Projects Ltd.

06 May 2025

1677.30

0.47%

Prestige Estates to invest Rs 10K cr in 62 acre Ghaziabad township project

Business Standard

Realty firm Prestige Estates Projects Ltd will invest around Rs 10,000 crore over the next six years to develop a 62.5 acre township at Ghaziabad, Uttar Pradesh as it remains bullish on housing demand in Delhi-NCR market. On April 29, Bengaluru-based Prestige Group announced its entry into Delhi-NCR's residential market. It is already developing a commercial project at Delhi's Aerocity comprising hotels and office spaces. "We have entered into Delhi-NCR's housing market with our first project 'Prestige City, Indirapuram'. We want to rewrite the way real estate is done in this region. We do not want to be the biggest but definitely the best developer in the NCR market," Prestige Estates Chairman and Managing Director Irfan Razack told reporters here. He said the company will focus on quality with timely delivery, which has been a problematic issue in the Delhi-NCR property market. Razack said the company will develop around 10 million square feet area, comprising 4,041 homes and aro

Prestige Estates Projects Ltd. is trading below its 30 day SMA of 1724.1

Prestige Estates Projects Ltd.

29 Apr 2025

1677.30

0.47%

Prestige Estates Enters NCR With Rs 12,000-Crore Housing Project In Ghaziabad

NDTV Profit

With all approvals secured, Prestige Group has begun marketing the first phase Oakwood and Mulberry which together represent a gross development value of over Rs 9,000 crore.

Prestige Estates Projects Ltd. is trading above its 200 day SMA of 1506.1

Prestige Estates Projects Ltd.

17 Apr 2025

1677.30

0.47%

Prestige Estates Q4 sales rise 48% to Rs 7K cr, FY25 bookings fall 19%

Business Standard

Realty firm Prestige Estates Projects Ltd sales bookings rose 48 per cent to nearly Rs 7,000 crore in January-March quarter, but pre-sales declined 19 per cent to over Rs 17,000 crore in the last fiscal. Prestige Estates attributed the fall in annual sales bookings numbers to lower launches of housing projects due to a lack of approvals from development authorities. As a result, the company has failed to achieve the annual sales bookings guidance of Rs 24,000 crore. In a regulatory filing, Bengaluru-based Prestige Estates shared its operational performance for the fourth quarter of the last fiscal and the full 2024-25 financial year. The company's sales bookings stood at Rs 6,957.4 crore in the January-March quarter of the last fiscal, an increase of 48 per cent year-on-year (y-o-y). Sales volume stood at 4.49 million square feet, a 9 per cent increase Y-o-Y. Total units sold during the fourth quarter stood at 2,301. The average realisation for apartments, villas, and commercia