The record
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- Prestige Estates Projects Ltd reported a 19 per cent decline in consolidated net profit to ₹235.9 crore for the June quarter of FY2026-27, down from ₹292.5 crore a year earlier.
- Total income rose to ₹2,835.6 crore from ₹2,468.7 crore in the same period last year.
- Separately, the company announced a strategic partnership to develop a 14.6-acre residential project in Thane with over 5 million square feet of development potential and expected revenue of ₹6,000 crore.
- The results come as the company continues expanding in the Mumbai Metropolitan Region, where it sees Thane as a growing residential market.
What to watch next
- Reasons behind the profit decline despite rising income
- Details of the undisclosed landowner partner in the Thane project
- Performance of the Thane project and its contribution to future revenues
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Named India · Mumbai Metropolitan Region · Thane · Irfan Razack · Prestige Estates Projects Ltd · Prestige Group
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