Prestige Estates Q2 results: consolidated profit falls 44% as revenue dips 15%; sales bookings rise 20%

Prestige Estates Projects’ consolidated net profit fell 44% to Rs 256.2 crore in the quarter ended September 30, 2026 (Q2 FY27), from Rs 457.4 crore a year earlier. Revenue from operations dropped 15.3% to Rs 2,060.2 crore. The Prestige Estates Q2 results were filed with the NSE on November 5, 2026. Profit attributable to shareholders of the parent fell 47.9% to Rs 224.1 crore.

Prestige Estates Q2 results: key numbers

All figures are consolidated and in Rs crore, converted from the Rs million figures in the filing.

Measure (Rs crore)	Q2 FY27	Q2 FY26	Change
Revenue from operations	2,060.2	2,431.7	-15.3%
Other income	162.0	266.1	-39.1%
Finance costs	482.2	385.1	+25.2%
Profit before tax	364.2	584.0	-37.6%
Net profit (profit after tax)	256.2	457.4	-44.0%
Profit for owners of the parent	224.1	430.3	-47.9%

On a standalone basis, which covers only the parent company, net profit rose to Rs 28.2 crore from Rs 20.1 crore, while revenue from operations fell to Rs 664.5 crore from Rs 798.2 crore.

Why Prestige Estates’ profit fell

The filing does not give a reason for the decline. The numbers show three pressures. Revenue from operations was lower, other income fell by about Rs 104 crore, and finance costs rose by about Rs 97 crore. In our view, the revenue dip reflects when projects are handed over, because developers book sales revenue mainly at handover, not when a flat is sold.

Bookings tell a different story. The company’s investor presentation shows Q2 FY27 sales (the value of new homes booked) of Rs 7,225 crore, up 20% from a year earlier. Collections rose 26% to Rs 5,294 crore, and area sold rose 32% to 5.84 million sq ft. The presentation puts consolidated EBITDA at Rs 1,088.1 crore, down 7.47%.

One-time items

There were no exceptional items in either quarter. Separately, CPP Investment Board agreed to invest up to Rs 3,000 crore in Prestige Hospitality Ventures, the hotel arm. In October 2026, the first tranche closed. CPP bought shares from Prestige for Rs 950 crore and put Rs 550 crore into preference shares. That sale falls in Q3 and is not in these results. The hotel arm withdrew its IPO papers in September 2026.

What to watch next

The auditor drew attention to an income tax search matter; the company received show-cause notices in October 2026 and says it expects no further liability. After the quarter, Prestige acquired a 9.36 lakh sq ft retail asset in South Bengaluru, expected to start in FY28. Net debt was Rs 12,122 crore on September 30, according to the presentation. See more results news for other Q2 FY27 earnings.