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Prestige Estates Projects Limited Earnings Release 2026
62301_rns_2026-05-21_cd9dd14d-a750-4be9-b2c5-6d69c082f6f5.pdf
Earnings Release
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Prestige GROUP Add Prestige to your life
May 21, 2026
To
| The General Manager
Dept. of Corporate Services
National Stock Exchange of India Limited
Bandra Kurla Complex
Bandra (E), Mumbai-400051
Scrip Code: PRESTIGE | The Manager
Dept of Corporate Services
BSE Limited
Regd. Office: Floor 25, P J Towers
Dalal Street, Mumbai - 400 001
Scrip Code: 533274 |
| --- | --- |
Dear Sir/Madam
Sub: Outcome of Board Meeting held on May 21, 2026
This is to inform that the Board of Directors at their meeting held today, i.e. Thursday, May 21, 2026, have:
- Approved Audited Financial Results (both Standalone and Consolidated) for the quarter and year ended March 31, 2026.
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, and the reports of the auditors are enclosed. The audit reports are issued with unmodified opinion and a declaration to this effect is enclosed.
-
Recommended payment of final dividend @ 20% (Rs. 2/- per share) on the equity shares of the Company for the year ended March 31, 2026, subject to approval of shareholders at the ensuing 29th Annual General Meeting of the Company.
-
Approved issuance of Non-convertible debentures for an aggregate amount up to Rs. 2,000 Crores (Rupees Two Thousand Crores) on Private placement basis subject to approval of shareholders.
-
Approved redesignation of Ms. Uzma Irfan (DIN: 01216604) as Whole-Time Director for a period of 5 (five) years effective from May 21, 2026, to May 20, 2031. She is not debarred from holding the office of a Director by virtue of any order passed by the SEBI or any other such authority.
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone: +91 80 25591080 E-mail: [email protected] www.prestigeconstructions.com CIN: L07010KA1997PLC022322
Prestige GROUP Add Prestige to your life
Details pursuant SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14/(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is attached as Annexure - I.
The Board Meeting Commenced at 3:45 P.M and concluded at 9:00 P.M.
Thanking You,
For Prestige Estates Projects Limited
IRFAN Digitally signed by IRFAN RAZACK
Irfan Razack
Chairman and Managing Director
DIN: 00209022
Encl: a/a.
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone: +91 80 25591080 E-mail: [email protected] www.prestigeconstructions.com CIN: L07010KA1997PLC022322
Annexure - I
Information as required under Regulation 30 - Para A Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 are as follows:
Redesignate Ms. Uzma Irfan (DIN: 01216604) as Whole-Time Director for a period of 5 (five) years effective from May 21, 2026, to May 20, 2031.
| 1. | Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise | Redesignation of Ms. Uzma Irfan (DIN: 01216604) as Whole-Time Director of the Company. |
|---|---|---|
| 2. | Date of appointment/re-appointment/cessation (as applicable) & term of appointment/re-appointment | Redesignation of Ms. Uzma Irfan as Whole-Time Director effective from May 21, 2026, for a period of 5 (five) years till May 20, 2031, subject to approval of shareholders. |
| 3. | Brief profile (in case of appointment) | Raised in a culturally rich family, Uzma developed an entrepreneurial spirit early on. She completed her education with a Bachelor of Business Administration (honours) degree followed by a Bachelor of Arts degree in the UK. After earning her degrees, she has gained valuable corporate communications experience. Her leadership style, marked by a passion for innovation, excellence, and teamwork, has fostered a collaborative workplace at Prestige Group. This foundation has paved the way for her success with the Prestige Group as the Director of Corporate Communications. |
| 4. | Disclosure of relationships between directors (in case of appointment of a director) | Mr. Irfan Razack, Chairman & Managing Director, Mr. Rezwan Razack, Joint Managing Director and Mr. Noaman Razack, Whole-Time Director are her relatives. |
| Not related to any other Directors and Key Managerial personnels or their relatives. |
S.R. BATLIBOI & ASSOCIATES LLP
Chartered Accountants
12th Floor
"UB City" Canberra Block
No. 24, Vittal Mallya Road
Bengaluru – 560 001, India
Tel: +91 80 6648 9000
Independent Auditor’s Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Prestige Estates Projects Limited
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying statement of quarterly and year to date standalone financial results of Prestige Estates Projects Limited (the “Company”) which includes 30 partnership entities for the quarter ended March 31, 2026 and for the year ended March 31, 2026 (“Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on the separate audited financial statements and other financial information of the partnership entities, the Statement:
i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2026 and for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Standalone Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matter” paragraph below is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
We draw attention to Note 6 to the Statement in connection with certain ongoing legal proceedings related to real estate project and income tax search matters. Our opinion is not modified in respect of this matter.
Management’s Responsibilities for the Standalone Financial Results
The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and
S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295
Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
S.R. BATLIBOI & ASSOCIATES LLP
Chartered Accountants
maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
- For the partnership entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Chartered Accountants
Other Matter
The accompanying Statement of quarterly and year to date standalone financial results includes the Company's share of net profit/(loss) after tax of Rs. 238 million and Rs. 814 million and total comprehensive income/(loss) of Rs. 238 million and Rs. 814 million for the quarter ended and for the year ended on that date respectively, as considered in the Statement, in respect of 30 partnership entities, which have been audited by their respective auditors.
The reports of such other auditors on annual financial statements and other financial information of these partnership entities have been furnished to us and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these partnership entities, is based solely on the report of such other auditors. Our opinion on the Statement is not modified in respect of the above matter.
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For S.R. BATLIBOI & ASSOCIATES LLP
ICAI Firm Registration Number: 101049W/E300004
SUDHIR: Digitally signed by SUDHIR
KUMAR: SUNIAR 2009
JAIN: Date: 2020.05.21 20:24:00 +05'00'
per Sudhir Kumar Jain
Partner
Membership Number: 213157
UDIN: 26213157DOUZIP8509
Place: Bengaluru, India
Date: May 21, 2026
Prestige
100
PRESIGE ESTATES PROJECTS LIMITED
REGD OFFICE: PRESTIGE FALCON TOWER NO.19, BRUNTON ROAD BENGALURU 560025
CIN: L07010KA1997PLC022322
Statement of Standalone Audited Financial Results for the quarter and year ended 31 March 2026
(Rs. In Million)
| Sl No | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | ||
| (Audited)(Refer Note 14) | (Unaudited) | (Audited)(Refer Note 14) | (Audited) | (Audited) | ||
| 1 | Income | |||||
| Revenue from operations | 16,968 | 11,294 | 5,876 | 40,804 | 28,730 | |
| Other income | 700 | 937 | 1,513 | 3,037 | 4,160 | |
| Total income | 17,668 | 12,231 | 7,389 | 43,841 | 32,890 | |
| 2 | Expenses | |||||
| (Increase)/ decrease in inventories | (1,003) | (4,928) | (8,414) | (12,017) | (16,403) | |
| Contractor cost | 5,338 | 2,627 | 3,106 | 14,706 | 9,435 | |
| Purchase of completed units | - | - | 40 | - | 645 | |
| Purchase of materials | 658 | 598 | 578 | 2,321 | 2,089 | |
| Land cost | 4,804 | 8,216 | 7,179 | 15,967 | 16,451 | |
| Employee benefits expense | 1,679 | 1,264 | 1,091 | 4,668 | 3,977 | |
| Finance costs | 2,065 | 1,449 | 1,458 | 6,636 | 5,659 | |
| Depreciation and amortisation expense | 1,073 | 1,044 | 1,056 | 4,138 | 4,249 | |
| Other expenses | 1,663 | 1,651 | 1,092 | 5,376 | 6,014 | |
| Total expenses | 16,277 | 11,921 | 7,186 | 41,795 | 32,116 | |
| 3 | Profit before exceptional items (1-2) | 1,391 | 310 | 203 | 2,046 | 774 |
| 4 | Exceptional items (Refer Note 9) | - | - | - | - | 1,104 |
| 5 | Profit before tax (3+4) | 1,391 | 310 | 203 | 2,046 | 1,878 |
| 6 | Tax expense | |||||
| Current tax | 1,221 | 190 | 586 | 1,788 | 1,102 | |
| Deferred tax | (872) | (338) | (555) | (1,574) | (1,089) | |
| Total tax expenses | 349 | (148) | 31 | 214 | 13 | |
| 7 | Net profit for the period/ year (5-6) | 1,042 | 458 | 172 | 1,832 | 1,865 |
| 8 | Other comprehensive income | |||||
| Items that will not be recycled to profit or loss | ||||||
| Remeasurements of the defined benefit plans | 35 | - | (14) | 35 | (14) | |
| Tax impact | (9) | - | 3 | (9) | 3 | |
| Total other comprehensive income | 26 | - | (11) | 26 | (11) | |
| 9 | Total comprehensive income for the period/ year [Comprising net profit and other comprehensive income] (7+8) | 1,068 | 458 | 161 | 1,858 | 1,854 |
| 10 | Paid-up equity share capital | 4,307 | 4,307 | 4,307 | 4,307 | 4,307 |
| 11 | Earnings Per Share* (in Rs.) | |||||
| (Face Value of Rs.10/- per share) | ||||||
| a) Basic | 2.42 | 1.06 | 0.40 | 4.25 | 4.46 | |
| b) Diluted | 2.42 | 1.06 | 0.40 | 4.25 | 4.46 | |
| See accompanying notes to financial results |
- Not annualised for the quarter.
Prestige
PRESIDENTIAL
IN REPLYING PREFERRED PROGRESS
FIRST BANK INSTITUTE
PRESTIGE ESTATES PROJECTS LIMITED
REGD OFFICE: PRESTIGE FALCON TOWER NO.19, BRUNTON ROAD BENGALURU 560025
CIN: L07010KA1997PLC022322
Statement of Standalone Audited Financial Results for the quarter and year ended 31 March 2026
Notes to financial results
1 Statement of Assets and Liabilities
(Rs. In Million)
| Particulars | As at 31 Mar 2026 (Audited) | As at 31 Mar 2025 (Audited) |
|---|---|---|
| A. ASSETS | ||
| (1) Non-current assets | ||
| (a) Property, plant and equipment | 4,464 | 4,491 |
| (b) Capital work-in-progress | 49 | |
| (c) Investment property | 25,028 | 24,374 |
| (d) Intangible assets | 79 | 71 |
| (e) Financial assets | ||
| (i) Investments | 49,646 | 39,801 |
| (ii) Loans | 17,102 | 31,020 |
| (iii) Other financial assets | 4,277 | 3,912 |
| (f) Deferred tax assets (net) | 3,762 | 2,197 |
| (g) Income tax assets (net) | 953 | 1,918 |
| (h) Other non-current assets | 433 | 379 |
| Sub-total | 1,05,744 | 1,08,212 |
| (2) Current assets | ||
| (a) Inventories | 86,177 | 74,727 |
| (b) Financial assets | ||
| (i) Investments | 7 | 11 |
| (ii) Trade receivables | 7,370 | 3,370 |
| (iii) Cash and cash equivalents | 4,054 | 13,175 |
| (iv) Bank balances other than cash and cash equivalents | 2,966 | 676 |
| (v) Loans | 97,654 | 51,504 |
| (vi) Other financial assets | 10,810 | 7,206 |
| (c) Other current assets | 7,604 | 5,304 |
| Sub-total | 2,16,642 | 1,55,973 |
| Total | 3,22,386 | 2,64,185 |
| B. EQUITY AND LIABILITIES | ||
| (1) Equity | ||
| (a) Equity share capital | 4,307 | 4,307 |
| (b) Other equity | 1,15,345 | 1,14,262 |
| Sub-total | 1,19,652 | 1,18,569 |
| (2) Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 6,391 | 2,708 |
| (ii) Lease liabilities | 17,568 | 16,776 |
| (iii) Other financial liabilities | 466 | 619 |
| (b) Other non-current liabilities | 62 | 123 |
| (c) Provisions | 421 | 325 |
| Sub-total | 24,908 | 20,551 |
| (3) Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 63,891 | 32,143 |
| (ii) Lease liabilities | 2,758 | 2,362 |
| (iii) Trade payables | ||
| - Dues to micro and small enterprises | 278 | 369 |
| - Dues to creditors other than micro and small enterprises | 4,752 | 5,802 |
| (iv) Other financial liabilities | 24,064 | 25,965 |
| (b) Other current liabilities | 79,281 | 57,451 |
| (c) Provisions | 2,225 | 973 |
| (d) Income tax liabilities (net) | 577 | - |
| Sub-total | 1,77,826 | 1,25,065 |
| Total | 3,22,386 | 2,64,185 |
Prestige
2006
PRESTIGE ESTATES PROJECTS LIMITED
2 Statement of cash flows
(Rs. In Million)
| Particulars | Year ended | |
|---|---|---|
| 31 Mar 2026 (Audited) | 31 Mar 2025 (Audited) | |
| Cash flow from operating activities | ||
| Profit before tax | 2,046 | 1,878 |
| Add: Expenses / debits considered separately | ||
| Finance costs | 6,636 | 5,659 |
| Depreciation and amortisation | 4,138 | 4,249 |
| Expected Credit loss allowance on receivables | 85 | - |
| Advances / bad debts written off | 2 | 6 |
| Sub-total | 10,861 | 9,914 |
| Less: Incomes / credits considered separately | ||
| Interest income | 2,648 | 3,809 |
| Dividend income | - | 242 |
| Profit on sale of investments | 339 | 2 |
| Exceptional items | - | 1,104 |
| Profit on sale of property, plant and equipments | - | 41 |
| Share of profit from partnership firms/ LLPs | 770 | 1,695 |
| Sub-total | 3,757 | 6,893 |
| Adjustments for: | ||
| (Increase) / decrease in trade receivables | (4,000) | (140) |
| (Increase) / decrease in inventories | (11,450) | (16,410) |
| (Increase) / decrease in other financial assets | (2,776) | (1,439) |
| (Increase) / decrease in loans | (42) | 90 |
| (Increase) / decrease in other assets | (2,385) | (1,101) |
| Increase / (decrease) in trade payables | (1,141) | 1,089 |
| Increase / (decrease) in other financial liabilities | 363 | 109 |
| Increase / (decrease) in other liabilities | 21,769 | 13,583 |
| Increase / (decrease) in provisions | 1,383 | 51 |
| Sub-total | 1,721 | (4,168) |
| Income taxes (paid)/refund, net | (246) | 58 |
| Net Cash flows from operating activities - A | 10,625 | 789 |
| Cash flow from investing activities | ||
| Capital expenditure on investment property, property, plant and equipment and intangible assets (including capital work-in-progress) | (1,326) | (315) |
| Sale proceeds of property, plant and equipment | - | 58 |
| Proceeds from business transfer arrangement (Refer Note 9) | - | 3,130 |
| Decrease / (Increase) in inter corporate deposits given | (8,581) | (18,641) |
| (Increase) / decrease in partnership current account | (25,821) | 6,297 |
| Investments made | (11,005) | (28,615) |
| Proceeds from sale/redemption of current and non-current investments | 1,503 | 3,393 |
| Investments in bank deposits (having original maturity of more than three months) | (2,654) | (166) |
| Interest received | 1,817 | 2,964 |
| Dividend received | - | 242 |
| Net Cash used in investing activities - B | (46,067) | (31,653) |
| Cash flow from financing activities | ||
| Loans availed | 26,675 | 10,628 |
| Loans repaid | (10,165) | (17,047) |
| Proceeds from issue of equity shares | - | 50,000 |
| Payment of transaction cost on issue of equity shares | - | (856) |
| (Decrease) / Increase in inter corporate deposits taken | 18,921 | 3,726 |
| Payment of dividend | (775) | (775) |
| Principal payment towards lease liabilities | (2,264) | (2,303) |
| Interest payment towards lease liabilities | (2,534) | (2,143) |
| Finance costs paid | (3,537) | (2,583) |
| Net Cash flows from financing activities - C | 26,321 | 38,647 |
Prestige
PRESTIGE ESTATES PROJECTS LIMITED
REGD OFFICE: PRESTIGE FALCON TOWER NO.19, BRUNTON ROAD BENGALURU 560025
CIN: L07010KA1997PLC022322
Statement of Standalone Audited Financial Results for the quarter and year ended 31 March 2026
| Particulars | Year ended | |
|---|---|---|
| 31 Mar 2026 (Audited) | 31 Mar 2025 (Audited) | |
| Net increase / (decrease) in cash and cash equivalents during the year (A+B+C) | (9,121) | 7,783 |
| Cash and cash equivalents opening balance | 13,175 | 5,392 |
| Cash and cash equivalents closing balance | 4,054 | 13,175 |
| Cash and cash equivalents at the end of the year as above comprises: | ||
| Cash on hand | 0 | 0 |
| Balances with banks | ||
| - in current accounts | 2,680 | 5,559 |
| - in fixed deposits | 1,374 | 7,616 |
| 4,054 | 13,175 |
3 The above standalone audited financial results of Prestige Estates Projects Limited (the "Company") has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 May 2026. The statutory auditors of the Company have audited the above standalone financial results for the quarter and year ended 31 March 2026.
4 These audited results of the Company has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
5 Segment information
The Chief Operating Decision Maker reviews the operations of the Company as a real estate development and related activity, which is considered to be the only reportable segment by the Management. Hence, there are no additional disclosures to be provided under Ind AS 108 - Segment information with respect to the single reportable segment. The Company is domiciled in India. The Company's revenue from operations from external customers relate to real estate development in India and the non-current assets of the Company are located in India.
6
a. The Company had entered into a registered Joint Development Agreement (JDA) with a certain land owner (the "Land Owner Company") to develop a real estate project ("the Project"). Under the said JDA, the Company acquired development rights over a certain parcel of land of the Land Owner Company and in exchange was required to provide the Land Owner Company a share in the Project (the "Land Owner Company's share"). The Company had incurred Transferrable Development Rights (TDR's) which are recoverable from the Land Owner Company. The Company has certain pending claims (including gross receivables of Rs. 923 Million including towards TDRs) from the Land Owner Company.
Considering the rights of the Company under the JDA, the status of development achieved so far in the Project; the Escrow arrangement with the Company, Land Owner Company and the Lender of the Land Owner Company (to whom the Land Owner Company's share of developed units have been mortgaged), which provides for manner of recovery of TDR dues; the fact that the handing over formalities of the underlying units are yet to be completed, the Company expects to recover the above gross dues towards TDR's.
The Land Owner Company has been ordered to be wound up by the Hon'ble High Court of Karnataka during the year ended 31 March 2017, which is pending adjudication. Pending ultimate outcome of the aforesaid legal proceedings, the management is of the view that no further adjustments are required in the financial results.
b. A search under section 132 of the Income Tax Act ('the Act') was conducted during the year ended 31 March 2025 on the Company and certain group companies. As on the date of the financial results, the Company and such group companies have not received any demand or show cause notice from the Income tax authorities pursuant to such search proceedings. The management has confirmed that the Company and such group companies have complied with the requirements of the Act and does not expect any further liability on final assessment of the aforesaid matter.
7 During the year ended 31 March 2026, the Company has acquired directly / indirectly
a) additional stake in subsidiaries Prestige Nottinghill Investments, Apex Realty Ventures LLP, Prestige AAA Investments and Prestige Sterling Infra Projects Private Limited.
b) controlling stake in Bharatnagar Buildcon LLP and Aspire Spaces Tellapur LLP.
c) additional stake in joint venture Prestige Beta Projects Private Limited.
8 Subsequent to the year ended 31 March 2026, the Company has acquired 50% partnership interest in Aaramnagar Realty LLP.
9 During the year ended 31 March 2025, the Company had entered into a Business Transfer Agreement ("BTA") with Prestige Hospitality Ventures Limited, a wholly owned subsidiary for transferring certain business undertaking for a consideration of Rs. 3,130 Million, the gain arising on the transfer of such business undertaking amounting to Rs. 1,104 Million had been disclosed as an exceptional item.
10 During the year ended 31 March 2025, the Company had issued 29,868,578 Equity Shares of face value of Rs. 10 each in a Qualified Institutional Placement (QIP) pursuant to Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, at an issue price of Rs. 1,674 per equity share (including securities premium of Rs. 1,664 per equity share) aggregating to Rs. 50,000 Million. The said equity shares
Prestige LEISURE
PRESSING IN THE PRESS
REGD OFFICE: PRESTIGE FALCON TOWER NO.19, BRUNTON ROAD BENGALURU 560025
CIN: L07010KA1997PLC022322
had been listed on BSE Limited and National Stock Exchange of India Limited on 6 September 2024. In accordance with Ind AS 32, the transaction costs amounting to Rs. 856 million in relation to QIP has been accounted for as deduction from equity under securities premium. As at 31 March 2026, Rs. 49,230 Million has been utilised for the purpose for which they were raised and the balance unutilised amount of Rs. 778 Million (including interest amounting to Rs. 8 million on temporary investment of unutilised proceeds), have been kept in bank accounts under cash and cash equivalents, including temporary investment in bank deposits amounting to Rs. 729 Million.
11 In April 2025, Prestige Hospitality Ventures Limited ('PHVL'), a wholly owned subsidiary of the Company, has filed Draft Red Herring Prospectus with Securities and Exchange Board of India for proposed Initial Public Offering, comprising of an offer for sale of such number of equity shares aggregating up to Rs. 10,000 million and fresh issue of equity shares aggregating up to Rs. 17,000 million.
12 The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes, namely, Code on Wages, 2019, Code on Social Security, 2020, Industrial Relations Code, 2020 and Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the 'New Labour Codes'). The New Labour Codes have been made effective from 21 November 2025. Based on Company's assessment, the New Labour Codes do not have a material impact on the Company's financial results. The Company will continue to monitor the developments pertaining to New Labour Codes and will evaluate and provide necessary accounting effect on the basis of such developments as required.
13 The Board of Directors of the Company have recommended to the Members for their approval, Final Dividend of Rs. 2.00 per share for the financial year ended 31 March 2026. The said proposed dividend is subject to approval at the ensuring Annual General Meeting and is not recognised as a liability as at 31 March 2026.
14 The figures for the quarter ended 31 March 2026 and for the corresponding quarter ended 31 March 2025 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial year ending 31 March, which were subjected to limited review.
For and on behalf of Board of Directors of
Prestige Estates Projects Limited
IRFAN
RAZACK
Digitally signed
by IRFAN
RAZACK
Date: 2026.03.21
19:48:20 +03'30'
Irfan Razack
Chairman and Managing Director
Place: Bengaluru
Date: 21 May 2026
12th Floor
"UB City" Canberra Block
No. 24, Vittal Mallya Road
Bengaluru - 560 001, India
Tel: +91 80 6648 9000
Independent Auditor’s Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Prestige Estates Projects Limited
Report on the audit of the Consolidated Financial Results
Opinion
We have audited the accompanying statement of quarterly and year to date consolidated financial results of Prestige Estates Projects Limited (“Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associate and joint ventures for the quarter ended March 31, 2026 and for the year ended March 31, 2026 (“Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”)
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements/ financial results/financial information of the subsidiaries, associate, joint ventures, the Statement:
i. includes the results of the following entities;
| Sl. No. | Name of the entities |
|---|---|
| A | Parent Company |
| 1 | Prestige Estates Projects Limited |
| B | Subsidiaries |
| 1 | Ace Realty Ventures |
| 2 | Albert Properties |
| 3 | Apex Realty Management Private Limited |
| 4 | Apex Realty Ventures LLP |
| 5 | Prestige Mulund Realty Private Limited |
| 6 | Avyakth Cold Storages Private Limited |
| 7 | Dollars Hotel & Resorts Private Limited |
| 8 | Eden Investments & Estates |
| 9 | ICBI (India) Private Limited |
| 10 | K2K Infrastructure (India) Private Limited |
| 11 | Kochi Cyber Greens Private Limited |
| 12 | Morph |
| 13 | Northland Holding Company Private Limited |
| 14 | Prestige AAA Investments |
| 15 | Prestige Acres Private Limited |
| 16 | Prestige Alta Vista Holdings |
S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295
Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
| Sl. No. | Name of the entities |
|---|---|
| 17 | Prestige Bidadi Holdings Private Limited |
| 18 | Prestige Builders and Developers Private Limited |
| 19 | Prestige Century Megacity |
| 20 | Prestige Century Landmark |
| 21 | Prestige Construction Ventures Private Limited |
| 22 | Prestige Devenahalli Developers LLP |
| 23 | Prestige Exora Business Parks Limited |
| 24 | Prestige Falcon Business Parks |
| 25 | Prestige Falcon Malls Private Limited |
| 26 | Prestige Falcon Mumbai Realty Private Limited |
| 27 | Prestige Falcon Realty Ventures Private Limited |
| 28 | Prestige Garden Estates Private Limited |
| 29 | Prestige Garden Resorts Private Limited |
| 30 | Prestige Habitat Ventures Private Limited (formerly known as Prestige Habitat Ventures) |
| 31 | Prestige Warehousing And Cold Storage Services Private Limited |
| 32 | Prestige Hospitality Ventures Limited |
| 33 | Prestige Kammanahalli Investments |
| 34 | Prestige Leisure Resorts Private Limited |
| 35 | Prestige Mall Management Private Limited |
| 36 | Prestige Nottinghill Investments |
| 37 | Prestige Office Ventures |
| 38 | Prestige OMR Ventures LLP |
| 39 | Prestige Ozone Properties |
| 40 | Prestige Pallavaram Estates Private Limited |
| 41 | Prestige Projects Private Limited |
| 42 | Prestige Property Management & Services |
| 43 | Prestige Retail Ventures Limited |
| 44 | Prestige Southcity Holdings |
| 45 | Prestige Sterling Infraprojects Private Limited |
| 46 | Prestige Sunrise Investments |
| 47 | Prestige Valley View Estates LLP |
| 48 | Prestige Whitefield Developers |
| 49 | Prestige Whitefield Investment and Developers LLP |
| 50 | PSN Property Management and Services |
| 51 | Sai Chakra Hotels Private Limited |
| 52 | Shipco Infrastructure Private Limited |
| 53 | Silver Oak Projects |
| 54 | Southeast Realty Ventures |
| 55 | The QS Company |
| 56 | Village-De-Nandi Private Limited |
| 57 | Villaland Developers LLP |
| Sl. No. | Name of the entities |
|---|---|
| 58 | West Palm Developments LLP |
| 59 | Prestige (BKC) Realtors Private Limited |
| 60 | Turf Estate Joint Venture LLP |
| 61 | Evergreen Industrial Estate |
| 62 | Prestige Lonavala Estates Private Limited |
| 63 | Prestige Realty Ventures |
| 64 | Prestige Goa Hospitality Ventures |
| 65 | Prestige Office Management Private Limited |
| 66 | Prestige Summit Convention Private Limited |
| 67 | Prestige Vaishnaoi Hospitality Private Limited (w.e.f. April 11, 2025) |
| 68 | Bharatnagar Buildcon LLP (w.e.f. December 10, 2025) |
| 69 | Stellar Envision LLP (w.e.f. January 08, 2026) |
| 70 | Stellar Builder Dynamics LLP (w.e.f. January 08, 2026) |
| 71 | Stellar Prism Private Limited (w.e.f. January 09, 2026) |
| 72 | Orange Grove Lands Private Limited (w.e.f. January 09, 2026) |
| 73 | TPCM Educare LLP (w.e.f. January 24, 2026) |
| 74 | Aspire Spaces Tellapur Private Limited (formerly known as Aspire Spaces Tellapur LLP) (w.e.f. February 18, 2026) |
| C | Joint ventures |
| 1 | Bamboo Hotels and Global Centre (Delhi) Private Limited |
| 2 | Worli Urban Development Project LLP |
| 3 | Pandora Projects Private Limited |
| 4 | Prestige MRG Eco Ventures |
| 5 | Thomsun Realtors Private Limited |
| 6 | Dashanya Tech Parkz Private Limited |
| 7 | Prestige Beta Projects Private Limited |
| 8 | Prestige Vaishnaoi Realty Ventures |
| 9 | Prestige Vaishnaoi Projects |
| 10 | Techzone Technologies Private Limited |
| 11 | Prestige Vaishnaoi Hospitality Ventures |
| 12 | Canopy Living LLP (w.e.f. June 5, 2025) |
| D | Associates |
| 1 | WSI Falcon Infra Projects Private Limited |
ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the Group for the quarter ended March 31, 2026 and for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Financial Results" section of our report. We are independent of the Group, its associate and joint ventures in accordance with the 'Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
We draw attention to Note 6 to the Statement in connection with certain ongoing legal proceedings related to real estate project and income tax search matters. Our opinion is not modified in respect of this matter.
Management's Responsibilities for the Consolidated Financial Results
The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its associates and joint ventures in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies and management of the partnership entities included in the Group and of its associate and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of their respective companies and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.
In preparing the Statement, the respective Board of Directors of the companies and management of the partnership entities included in the Group and of its associate and joint ventures are responsible for assessing the ability of their respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies and management of the partnership entities included in the Group and of its associate and joint ventures are also responsible for overseeing the financial reporting process of their respective entities.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient
and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associate and joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate and joint ventures to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial statements/ financial results/ financial information of the entities within the Group and its associate and joint ventures of which we are the independent auditors, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the Master Circular issued by the Securities Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable.
Other Matter
The accompanying Statement includes the audited financial results/statements and other financial information, in respect of:
- 70 subsidiaries, whose financial results/statements include total assets of Rs 477,732 million as at March 31, 2026, total revenues of Rs 12,862 million and Rs 52,774 million, total net profit/(loss) after tax of Rs. 621 million and Rs. 4,587 million, total comprehensive income/(loss) of Rs. 654 million and Rs. 4,635 million, for the quarter and the year ended on that date respectively, and net cash (outflows)/inflows of Rs. 791 million for the year ended March 31, 2026, as considered in the Statement which have been audited by their respective independent auditors.
- 1 associate and 10 joint ventures, whose financial results/statements include Group's share of net profit/(loss) of Rs. (208) million and Rs. (134) million and Group's share of total comprehensive income/(loss) of Rs. (208) million and Rs. (134) million for the quarter and for the year ended March 31, 2026 respectively, as considered in the Statement whose financial results/financial statements, other financial information have been audited by their respective independent auditors.
Chartered Accountants
The independent auditor’s report on the financial statements/financial results/financial information of these entities have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, joint ventures and associate is based solely on the reports of such auditors and the procedures performed by us as stated in paragraph above.
Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For S.R. Batliboi & Associates LLP
Chartered Accountants
ICAI Firm Registration Number: 101049W/E300004
SUDHIR
KUMAR
JAIN
Dejibally signed
by SUDHIR
KUMAR JAIN
Date: 2026.05.21
20:22:58 +05'00'
per Sudhir Kumar Jain
Partner
Membership No.: 213517
UDIN: 26213157WHHECL9860
Place: Bengaluru, India
Date: May 21, 2026
Prestige
EASTERN OREGON DISTRICT COUNCIL
Statement of Consolidated Audited Financial Results for the quarter and year ended 31 March 2026
| Sl No | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31 Mar 2026 (Audited Refer Note 15) | 31 Dec 2025 (Unaudited) | 31 Mar 2025 (Audited Refer Note 15) | 31 Mar 2026 (Audited) | 31 Mar 2025 (Audited) | ||
| 1 | Income | |||||
| Revenue from operations | 40,738 | 38,726 | 15,284 | 1,26,854 | 73,494 | |
| Other income | 697 | 129 | 609 | 5,101 | 3,861 | |
| Total income | 41,435 | 38,855 | 15,893 | 1,31,955 | 77,355 | |
| 2 | Expenses | |||||
| (Increase)/ decrease in inventories | (23,161) | (11,504) | (38,330) | (73,192) | (74,637) | |
| Contractor cost | 23,707 | 20,547 | 11,103 | 70,977 | 38,182 | |
| Purchase of materials | 2,627 | 2,390 | 2,224 | 9,676 | 7,218 | |
| Purchase of completed units | - | - | 45 | - | 1,103 | |
| Land cost | 14,808 | 9,389 | 23,938 | 43,633 | 41,270 | |
| Employee benefits expense | 3,276 | 2,566 | 2,222 | 10,027 | 8,217 | |
| Finance costs | 4,296 | 3,838 | 2,861 | 15,824 | 13,338 | |
| Depreciation and amortisation expense | 2,378 | 2,335 | 2,167 | 9,061 | 8,123 | |
| Other expenses | 9,026 | 6,738 | 8,671 | 28,642 | 26,553 | |
| Total expenses | 36,957 | 36,299 | 14,901 | 1,14,648 | 69,367 | |
| 3 | Profit before exceptional items (1-2) | 4,478 | 2,556 | 992 | 17,307 | 7,988 |
| 4 | Exceptional items | - | - | - | - | - |
| 5 | Profit before Share of profit from joint ventures and associate (3+4) | 4,478 | 2,556 | 992 | 17,307 | 7,988 |
| 6 | Share of profit / (loss) from joint ventures and associate (net of tax) | (351) | 227 | (121) | (171) | (430) |
| 7 | Profit before tax (5+6) | 4,127 | 2,783 | 871 | 17,136 | 7,558 |
| 8 | Tax expense | |||||
| Current tax | 2,747 | 1,133 | 1,800 | 8,900 | 4,318 | |
| Deferred tax (Refer Note 10) | (1,538) | (797) | (1,360) | (4,818) | (2,929) | |
| Total tax expenses | 1,209 | 336 | 440 | 4,082 | 1,389 | |
| 9 | Net profit for the period/ year (7-8) | 2,918 | 2,447 | 431 | 13,054 | 6,169 |
| 10 | Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss | ||||||
| Remeasurements of the defined benefit plans | 73 | 3 | (3) | 88 | (3) | |
| Tax impact | (19) | (1) | (1) | (23) | (1) | |
| Total other comprehensive income | 54 | 2 | (4) | 65 | (4) | |
| 11 | Total comprehensive income for the period/ year | 2,972 | 2,449 | 427 | 13,119 | 6,165 |
| [Comprising net profit and other comprehensive income] (9+10) | ||||||
| 12 | Profit for the period/year attributable to: | |||||
| Owners of the parent | 2,501 | 2,226 | 250 | 11,955 | 4,675 | |
| Non controlling interests | 417 | 221 | 181 | 1,099 | 1,494 | |
| 13 | Other comprehensive income for the period/ year attributable to: | |||||
| Owners of the parent | 54 | 2 | (4) | 65 | (4) | |
| Non controlling interests | - | - | - | - | - | |
| 14 | Total comprehensive income for the period/ year attributable to: | |||||
| Owners of the parent | 2,555 | 2,228 | 246 | 12,020 | 4,671 | |
| Non controlling interests | 417 | 221 | 181 | 1,099 | 1,494 | |
| 15 | Paid-up equity share capital | 4,307 | 4,307 | 4,307 | 4,307 | 4,307 |
| 16 | Earnings Per Share* (In Rs.) | |||||
| (Face Value of Rs.10/- per Share) | ||||||
| a) Basic | 5.81 | 5.17 | 0.58 | 27.76 | 11.19 | |
| b) Diluted | 5.81 | 5.17 | 0.58 | 27.76 | 11.19 | |
| See accompanying notes to financial results |
- Not annualised for the quarter.
INSTITUTE OF PRESTIGE
Statement of Consolidated Audited Financial Results for the quarter and year ended 31 March 2026
Notes to financial results
1 Consolidated Statement of Assets and Liabilities
(Rs. In Million)
| Particulars | As at 31 Mar 2026 (Audited) | As at 31 Mar 2025 (Audited) |
|---|---|---|
| A. ASSETS | ||
| (1) Non-current assets | ||
| (a) Property, plant and equipment | 28,660 | 26,354 |
| (b) Capital work-in-progress | 22,072 | 14,243 |
| (c) Investment property | 90,331 | 78,432 |
| (d) Goodwill | 534 | 534 |
| (e) Other intangible assets | 128 | 127 |
| (f) Investments in joint ventures and associate | 4,500 | 3,620 |
| (g) Financial assets | ||
| (i) Investments | 7,332 | 305 |
| (ii) Loans | 700 | 1,116 |
| (iii) Other financial assets | 8,647 | 5,257 |
| (h) Deferred tax assets (net) | 14,245 | 9,411 |
| (i) Income tax assets (net) | 3,232 | 3,899 |
| (j) Other non-current assets | 3,912 | 2,354 |
| Sub-total | 1,84,293 | 1,45,652 |
| (2) Current assets | ||
| (a) Inventories | 4,02,519 | 3,18,831 |
| (b) Financial assets | ||
| (i) Investments | 9,916 | 8,570 |
| (ii) Trade receivables | 20,422 | 13,582 |
| (iii) Cash and cash equivalents | 15,560 | 20,094 |
| (iv) Bank balances other than cash and cash equivalents | 8,244 | 3,836 |
| (v) Loans | 28,408 | 20,771 |
| (vi) Other financial assets | 20,951 | 26,324 |
| (c) Other current assets | 43,367 | 30,292 |
| Sub-total | 5,49,387 | 4,42,300 |
| Total | 7,33,680 | 5,87,952 |
| B. EQUITY AND LIABILITIES | ||
| (1) Equity | ||
| (a) Equity share capital | 4,307 | 4,307 |
| (b) Other Equity | 1,58,422 | 1,49,923 |
| Equity Attributable to owners of the parent | 1,62,729 | 1,54,230 |
| (c) Non controlling interests | 4,669 | 4,815 |
| Sub-total | 1,67,398 | 1,59,045 |
| (2) Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 56,311 | 43,130 |
| (ii) Lease liabilities | 22,988 | 22,652 |
| (iii) Other financial liabilities | 1,825 | 1,542 |
| (b) Deferred tax liabilities (net) | 5,633 | 5,583 |
| (c) Other non-current liabilities | 405 | 760 |
| (d) Provisions | 713 | 536 |
| Sub-total | 87,875 | 74,203 |
| (3) Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 93,550 | 62,872 |
| (ii) Lease liabilities | 3,745 | 3,145 |
| (iii) Trade payables | ||
| - Dues to micro and small enterprises | 1,564 | 1,155 |
| - Dues to creditors other than micro and small enterprises | 23,486 | 17,555 |
| (iv) Other financial liabilities | 16,756 | 14,325 |
| (b) Other current liabilities | 3,29,438 | 2,50,732 |
| (c) Provisions | 8,208 | 4,660 |
| (d) Income tax liabilities (net) | 1,660 | 260 |
| Sub-total | 4,78,407 | 3,54,704 |
| Total | 7,33,680 | 5,87,952 |
2 Consolidated statement of cash flows
(Rs. In Million)
| Particulars | Year ended | |
|---|---|---|
| 31 Mar 2026 | 31 Mar 2025 | |
| (Audited) | (Audited) | |
| Cash flow from operating activities : | ||
| Profit before tax | 17,136 | 7,558 |
| Add: Expenses / debits considered separately | ||
| Finance costs | 15,824 | 13,338 |
| Depreciation and amortisation | 9,061 | 8,123 |
| Bad debts/ advances written off | 4 | 28 |
| Expected Credit loss allowance on receivables | 85 | 5 |
| Loss on sale of property, plant and equipment and investment property | 12 | 3 |
| Share of loss from joint ventures and associate (net) | 171 | 430 |
| Sub-total | 25,157 | 21,927 |
| Less: Incomes / credits considered separately | ||
| Interest income | 2,883 | 2,530 |
| Dividend income | 350 | 404 |
| Fair value gain on financial instruments | 1,408 | 165 |
| Provision no longer required written back | 12 | 185 |
| Profit on sale of property, plant and equipment / investment property | 21 | 51 |
| Profit on redemption of investments | 11 | 42 |
| Sub-total | 4,685 | 3,380 |
| Adjustments for: | ||
| (Increase) / decrease in trade receivables | (6,844) | (1,270) |
| (Increase) / decrease in inventories | (74,752) | (74,637) |
| (Increase) / decrease in loans | 48 | 1,577 |
| (Increase) / decrease in financial assets | 3,904 | (8,175) |
| (Increase) / decrease in other assets | (10,712) | (3,756) |
| Increase / (decrease) in trade payables | 5,142 | 2,321 |
| Increase / (decrease) in other financial liabilities | 2,594 | (6,762) |
| Increase / (decrease) in other liabilities | 78,246 | 72,055 |
| Increase / (decrease) in provisions | 3,813 | (2,194) |
| Sub-total | 1,439 | (20,841) |
| Income taxes paid (net) | (6,815) | (3,957) |
| Net cash generated from operating activities - A | 32,232 | 1,307 |
| Cash flow from investing activities | ||
| Capital expenditure on investment property, property plant and equipment and other intangible assets (including capital work-in-progress) | (28,834) | (15,829) |
| Sale proceeds of property plant and equipment and investment property | 92 | 853 |
| Decrease / (increase) in inter corporate deposits given | (3,765) | 305 |
| Investments in bank deposits (having original maturity of more than three months) | (5,662) | (701) |
| Decrease / (increase) in partnership current account | (12,878) | (905) |
| Cash acquired on acquisition of subsidiaries | 116 | - |
| Investments made | (8,584) | (40) |
| Investments disposed | 573 | 49 |
| Interest received | 2,234 | 2,380 |
| Dividend received | 350 | 404 |
| Net cash used in investing activities - B | (56,358) | (13,484) |
| Cash flow from financing activities | ||
| Loans availed | 84,199 | 47,931 |
| Loans repaid | (39,808) | (52,264) |
| Proceeds from issue of equity shares | - | 50,000 |
| Payment of transaction cost on issue of equity shares | - | (856) |
| Decrease / (Increase) in inter corporate deposits taken | (792) | (4,288) |
| Payment of dividend | (775) | (775) |
| Principal payment towards lease liabilities | (2,937) | (2,684) |
| Interest payment towards lease liabilities | (3,321) | (2,869) |
| Finance costs paid | (12,982) | (11,105) |
| Payment towards acquisition of non-controlling interest in subsidiaries | (3,823) | (13,343) |
| Contribution / (withdrawals) by non controlling interest holders | (169) | (155) |
| Net cash flows from financing activities - C | 19,592 | 9,592 |
| Net increase / (decrease) in cash and cash equivalents during the year (A+B+C) | (4,534) | (2,585) |
| Cash and cash equivalents opening balance | 20,094 | 22,679 |
| Cash and cash equivalents closing balance | 15,560 | 20,094 |
Prestige ESTATES PROJECTS LIMITED
| Particulars | Year ended | |
|---|---|---|
| 31 Mar 2026 | 31 Mar 2025 | |
| (Audited) | (Audited) | |
| Cash and cash equivalents at the end of the period as above comprises: | ||
| Cash on hand | 1 | 2 |
| Balances with banks | ||
| - in current accounts | 9,392 | 10,546 |
| - in fixed deposits | 6,167 | 9,546 |
| 15,560 | 20,094 |
3 The above audited consolidated financial results of Prestige Estates Projects Limited (the "Company" or the "Holding Company"), its subsidiaries (the Company and its subsidiaries together referred to as "the Group"), its joint ventures and an associate has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 May 2026. The statutory auditors of the Company have audited the above consolidated financial results for the quarter and year ended 31 March 2026.
4 These audited results of the Group has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
5 Segment information
The Chief Operating Decision Maker reviews the operations of the Group as a real estate development and related activity, which is considered to be the only reportable segment by the Management. Hence, there are no additional disclosures to be provided under Ind AS 108 - Segment information with respect to the single reportable segment. The Group is domiciled in India. The Group's revenue from operations from external customers relate to real estate development in India and the non-current assets of the Group are located in India.
6
a. The Company had entered into a registered Joint Development Agreement (JDA) with a certain land owner (the "Land Owner Company") to develop a real estate project ("the Project"). Under the said JDA, the Company acquired development rights over a certain parcel of land of the Land Owner Company and in exchange was required to provide the Land Owner Company a share in the Project (the "Land Owner Company's share"). The Company had incurred Transferrable Development Rights (TDR's) which are recoverable from the Land Owner Company. The Company has certain pending claims (including gross receivables of Rs. 923 Million including towards TDRs) from the Land Owner Company.
Considering the rights of the Company under the JDA, the status of development achieved so far in the Project; the Escrow arrangement with the Company, Land Owner Company and the Lender of the Land Owner Company (to whom the Land Owner Company's share of developed units have been mortgaged), which provides for manner of recovery of TDR dues; the fact that the handing over formalities of the underlying units are yet to be completed, the Company expects to recover the above gross dues towards TDR's.
The Land Owner Company has been ordered to be wound up by the Hon'ble High Court of Karnataka during the year ended 31 March 2017, which is pending adjudication. Pending ultimate outcome of the aforesaid legal proceedings, the management is of the view that no further adjustments are required in the financial results.
b. A search under section 132 of the Income Tax Act ('the Act') was conducted during the year ended 31 March 2025 on the Company and certain group companies. As on the date of the financial results, the Company and such group companies have not received any demand or show cause notice from the Income tax authorities pursuant to such search proceedings. The management has confirmed that the Company and such group companies have complied with the requirements of the Act and does not expect any further liability on final assessment of the aforesaid matter.
7 The figures of standalone financial results are as follow:
| Particulars | Quarter ended | Year ended | Year ended | ||
|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | |
| (Audited Refer Note 15) | (Unaudited) | (Audited Refer Note 15) | (Audited) | (Audited) | |
| Revenue from operations | 16,968 | 11,294 | 5,876 | 40,804 | 28,730 |
| Profit before tax | 1,391 | 310 | 203 | 2,046 | 1,878 |
| Profit after tax | 1,042 | 458 | 172 | 1,832 | 1,865 |
The audited standalone financial results for the quarter and year ended 31 March 2026 can be viewed on the Company's website www.prestigeconstructions.com and can also be viewed on the website of National Stock Exchange of India Limited and BSE Limited.
8 During the year ended 31 March 2026, the Group has acquired
a) additional stake in subsidiaries Prestige Nottingham Investments, Apex Realty Ventures LLP, Prestige AAA Investments and Prestige Sterling Infra Projects Private Limited. Consequently, the Group has recognised Rs. 2,746 million as reduction to consolidated other equity representing the difference between the amount by which the non-controlling interests are adjusted and the consideration paid.
b) controlling stake in Bharatnagar Buildcon LLP and Aspire Spaces Tellapur LLP.
c) additional stake in joint venture Prestige Beta Projects Private Limited.
9 Subsequent to the year ended 31 March 2026, the Group has acquired 50% partnership interest in Aaramnagar Realty LLP.
Prestige ESTATES PROJECTS LIMITED
10 The Finance (No. 2) Act, 2024 (the "Act"), which was passed and enacted on August 16, 2024, announced changes to Capital Gains provision with effect from 23 July 2024. The Act amended the long-term tax rate on Capital Gains from 20% (unlisted securities with indexation) / 10% (listed securities without indexation) to 12.5% (without indexation). Pursuant to such amendment, the Group had remeasured the carrying value of deferred tax relating to capital gains and accounted for reduction in deferred tax liability amounting to Rs.991 million through statement of profit and loss for the year ended 31 March 2025.
11 During the year ended 31 March 2025, the Company had issued 29,868,578 Equity Shares of face value of Rs. 10 each in a Qualified Institutional Placement (QIP) pursuant to Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, at an issue price of Rs. 1,674 per equity share (including securities premium of Rs. 1,664 per equity share) aggregating to Rs. 50,000 Million. The said equity shares had been listed on BSE Limited and National Stock Exchange of India Limited on 6 September 2024. In accordance with Ind AS 32, the transaction costs amounting to Rs. 856 million in relation to QIP has been accounted for as deduction from equity under securities premium. As at 31 March 2026, Rs. 49,230 Million has been utilised for the purpose for which they were raised and the balance unutilised amount of Rs. 778 Million (including interest amounting to Rs. 8 million on temporary investment of unutilised proceeds), have been kept in bank accounts under cash and cash equivalents, including temporary investment in bank deposits amounting to Rs. 729 Million.
12 In April 2025, Prestige Hospitality Ventures Limited ('PHVL'), a wholly owned subsidiary of the Company, has filed Draft Red Herring Prospectus with Securities and Exchange Board of India for proposed Initial Public Offering, comprising of an offer for sale of such number of equity shares aggregating up to Rs. 10,000 million and fresh issue of equity shares aggregating up to Rs. 17,000 million.
13 The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes, namely, Code on Wages, 2019, Code on Social Security, 2020, Industrial Relations Code, 2020 and Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the 'New Labour Codes'). The New Labour Codes have been made effective from 21 November 2025. Based on Group's assessment, the New Labour Codes do not have a material impact on the Group's financial results. The Group will continue to monitor the developments pertaining to New Labour Codes and will evaluate and provide necessary accounting effect on the basis of such developments as required.
14 The Board of Directors of the Company have recommended to the Members for their approval, Final Dividend of Rs. 2.00 per share for the financial year ended 31 March 2026. The said proposed dividend is subject to approval at the ensuring Annual General Meeting and is not recognised as a liability as at 31 March 2026.
15 The figures for the quarter ended 31 March 2026 and for the corresponding quarter ended 31 March 2025 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial year ending 31 March, which were subjected to limited review.
For and on behalf of Board of Directors of Prestige Estates Projects Limited
IRFAN
RAZACK
Digitally signed by
IRFAN RAZACK
Date: 2026.05.21
10:49:01 +05'30'
Irfan Razack
Chairman and Managing Director
Place: Bengaluru
Date: 21 May 2026
May 21, 2026
To
| The General Manager
Dept. of Corporate Services
National Stock Exchange of India Limited
Bandra Kurla Complex
Bandra (E), Mumbai-400051
Scrip Code: PRESTIGE | The Manager
Dept of Corporate Services
BSE Limited
Regd. Office: Floor 25, P J Towers
Dalal Street, Mumbai - 400 001
Scrip Code: 533274 |
| --- | --- |
Dear Sir/Madam
Sub: Declaration pursuant to Regulation 33(3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
I, Amit Mor, Chief Financial Officer of the Company, hereby declare that the statutory auditors of the Company, M/s. S. R. Batliboi & Associates LLP, Chartered Accountants have issued an Audit Report with unmodified opinion on the annual audited financial results (standalone and consolidated) of the Company for the financial year ended March 31, 2026. This declaration is submitted in compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Request you to take the same on record.
Thanking you.
Yours sincerely
For Prestige Estates Projects Limited
Amit Mor
Chief Financial Officer
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone +91 80 25591080 E-mail [email protected] www.prestigeconstructions.com CIN L07010KA1997PLC022322