Prestige Estates Reports Nearly Eightfold Jump in Q3 Profit on Strong Income Growth

Prestige Estates Projects Ltd delivered a robust financial performance in the third quarter of the current financial year, reporting a nearly eightfold increase in consolidated net profit, supported by a sharp rise in income and sustained momentum in residential and commercial real estate activity.

The Bengaluru-based real estate developer reported a consolidated net profit of approximately Rs 245 crore for the October–December quarter, compared with about Rs 32 crore recorded in the corresponding period of the previous year. The strong improvement in profitability reflects better project completions, higher sales recognition and improved cash flow during the quarter.

Total income during the third quarter rose sharply to around Rs 3,886 crore, more than doubling from nearly Rs 1,698 crore reported in the same quarter last year. The sharp increase in income highlights improved execution across multiple projects and stronger customer demand, particularly in key urban markets.

Prestige Estates has a diversified portfolio spanning residential, commercial, retail and hospitality segments. During the quarter, the company continued to benefit from steady housing demand, improved absorption levels and a healthier project pipeline. The festive-season demand and better buyer sentiment also contributed to stronger sales momentum.

Industry experts note that listed real estate developers with strong balance sheets and execution capabilities are increasingly gaining market share, as buyers prefer established brands with a proven delivery track record. Prestige Estates, with its presence across South India and growing footprint in other regions, has been well positioned to capitalise on this trend.

The company has been focusing on timely project delivery, prudent financial management and strengthening its cash flows, which has supported its improved quarterly performance. Analysts expect the real estate sector to remain resilient in the near term, backed by stable interest rates, steady end-user demand and continued infrastructure development in major cities.

With a healthy pipeline of ongoing and upcoming projects, Prestige Estates is expected to maintain growth momentum in the coming quarters, supported by strong demand fundamentals and improving operating efficiencies.