PRESTIGE

Achieves Best-Ever H1 Pre-Sales, Driven by Diversified Launches

recorded strong pre-sales (bookings) of ₹6,017 crore in Q2FY26, marking a 50% increase year-on-year (y-o-y). Despite a sequential drop from Q1, the company achieved its best-ever H1 pre-sales at ₹18,144 crore, which has already surpassed the total pre-sales for the entire FY25. → The Q2 performance was aided by the launch of four new projects, including a new phase of The Prestige City Indirapuram (NCR) and three plotted development projects, with a combined revenue potential of ₹3,970 crore. The robust sales translated into a 54% y-o-y surge in collections. → The company is now expected to easily surpass its FY26 pre-sales guidance of ₹25,000−27,000 crore and may even cross ₹30,000 crore, supported by a launch pipeline valued at ₹43,500 crore. → In H1FY26, pre-sales were geographically led by the National Capital Region (NCR) at 45%, followed by Bengaluru (27%), Mumbai (16%), and Hyderabad (7%), reflecting its expanding national presence. → The average realization for apartments rose 6% y-o-y to ₹13,769 per square foot, while plots saw a 17% y-o-y increase to ₹8,425 per square foot. → Prestige's annuity business is also performing well: gross office leasing was 3.5 million square feet with a healthy 93.4% occupancy, while the retail portfolio saw 99% occupancy. → The stock has outperformed the Nifty Realty index in 2025, primarily due to its diversified sales and strong annuity business, which cushions against lingering concerns about potential IT sector layoffs in its core Bengaluru market.