Prestige Estates Projects reported a sharp turnaround in Q4 FY26

$PRESTIGE 📊 Fundamentals & Ratios Net Profit: ₹2.5B vs ₹250M YoY → 10x growth Revenue: ₹40.7B vs ₹15.3B YoY → +166% growth EBITDA: ₹10.4B vs ₹5.41B YoY → +92% growth EBITDA Margin: 25.66% vs 35.4% YoY → margin contraction of ~974 bps PE Ratio (TTM): ~45x (vs sector average ~30x) ROE: ~12% Debt-to-Equity: ~0.9 (moderate leverage due to expansion projects) 🏗️ Key Projects & Pipeline Large-scale residential projects in Bengaluru, Mumbai, and Hyderabad. Commercial developments including Prestige Tech Park expansions. Retail projects under Prestige Shantiniketan and Prestige Forum malls. Upcoming launches in Delhi-NCR and Pune to diversify geographic footprint. ⚠️ Risks Margin pressure from rising construction costs and land acquisition expenses. High leverage with planned ₹2,000 crore NCD issuance. Regulatory risks in real estate approvals and RERA compliance. Dependence on urban demand cycles and premium housing affordability. 📈 Outlook Strong revenue growth driven by robust sales and project completions. Margin recovery will be critical for sustained profitability. Expansion into new geographies and commercial assets provides long-term visibility. Dividend payout and capital raising reflect confidence in growth trajectory.