Prestige Estates Q4 Profit Drops Sharply to ₹43.10 Cr; Launches ₹800 Cr Project in Bengaluru

Giant realty firm Prestige Estates Projects saw a sharp 81.7% fall in fourth-quarter FY25 net profit of ₹43.10 crore from ₹235.90 crore in the same quarter of the previous year.

The company’s consolidated topline also fell 28.8% year-on-year at ₹1,589.30 crore in Q4 FY25 from ₹2,232.50 crore in the March quarter of FY24, according to its BSE filing.

Despite weak revenues, the board has recommended an 18% final dividend of ₹1.80 per share for the year ended March 31, 2025.

In an attempt to fuel future expansion, Prestige Estates has introduced a new plotted development venture, Prestige Gardenia Estates, located at Devanahalli in Bengaluru. Spanning 47 acres, the project includes 516 plots, covering a total development area of over one million sq. ft. The company expects a revenue potential of more than ₹800 crore from the venture.

The project launch comes amid growing demand for plotted developments in Bengaluru’s northern corridor, driven by improved connectivity and infrastructure upgrades.

Prestige Estates is yet to disclose specific reasons for the Q4 dip in profits, though the overall slowdown in income suggests challenges in project execution or sales closures during the quarter.

The company’s annual financials and outlook for FY26 are expected to shed more light on the strategy ahead as it bets big on plotted developments and new launches.