Standalone Financial Results (Rs. in Million)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹7,490
- Other income: ₹636
- Total income: ₹8,126
- Total expenses: ₹8,023
- Profit before exceptional items: ₹103
- Exceptional items: ₹103
- Profit before tax: ₹103
- Tax expense: ₹(11) [Current tax ₹1,765 + Deferred tax ₹(1,776)]
- Net profit for the period: ₹114
- Other comprehensive income: ₹0
- Total comprehensive income: ₹114
- Paid-up equity share capital: ₹4,307
- Basic EPS: ₹0.26
- Diluted EPS: ₹0.26
Comparative Figures:
- Q1 FY26 (June 30, 2025): Revenue ₹4,560, Net profit ₹131
- Q4 FY26 (March 31, 2026): Revenue ₹16,968, Net profit ₹1,042
Consolidated Financial Results (Rs. in Million)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹26,751
- Other income: ₹1,605
- Total income: ₹28,356
- Total expenses: ₹24,596
- Profit before exceptional items: ₹3,760
- Exceptional items: ₹0
- Share of profit/(loss) from joint ventures and associate: ₹(103)
- Profit before tax: ₹3,657
- Tax expense: ₹943 [Current tax ₹2,689 + Deferred tax ₹(1,746)]
- Net profit for the period: ₹2,714
- Profit attributable to owners of parent: ₹2,359
- Profit attributable to non-controlling interests: ₹355
- Other comprehensive income: ₹0
- Total comprehensive income: ₹2,714
- Paid-up equity share capital: ₹4,307
- Basic EPS: ₹5.48
- Diluted EPS: ₹5.48
Comparative Figures:
- Q1 FY26 (June 30, 2025): Revenue ₹23,073, Net profit ₹3,115
- Q4 FY26 (March 31, 2026): Revenue ₹40,738, Net profit ₹2,918
Legal and Regulatory Matters
Joint Development Agreement Dispute:
The Company has pending claims of ₹923 million (including TDRs recoverable) from a Land Owner Company under a Joint Development Agreement. The Land Owner Company was ordered to be wound up by the Hon'ble High Court of Karnataka in March 2017, with proceedings pending adjudication. Management expects recovery of dues and believes no adjustments are required.
Income Tax Search:
A search under section 132 of the Income Tax Act was conducted during FY25 on the Company and certain group companies. As of the results date, no demand or show cause notice has been received. Management confirms compliance and does not expect further liability.
Corporate Developments
Acquisition:
During Q1 FY27, the Company acquired 50% partnership interest in Aaramnagar Realty LLP.
QIP Utilization:
The ₹50,000 million raised through QIP in FY25 (29,868,578 equity shares of ₹10 each) has been fully utilized as of June 30, 2026.
Subsidiary IPO:
In April 2025, Prestige Hospitality Ventures Limited (wholly-owned subsidiary) filed DRHP with SEBI for proposed IPO comprising offer for sale up to ₹10,000 million and fresh issue up to ₹17,000 million.
Dividend:
The Board recommended a final dividend of ₹2.00 per share for FY26, subject to shareholder approval at the upcoming AGM. Not recognized as liability as of June 30, 2026.
Auditor Review
S.R. Batliboi & Associates LLP conducted limited review of both standalone and consolidated results. The review included 31 partnership entities for standalone and 70 subsidiaries, 11 joint ventures, and 1 associate for consolidated results. Emphasis of matter was placed on the legal proceedings mentioned above.
Segment Information
The Company operates in a single reportable segment - real estate development and related activities. All operations are domiciled in India.