Prestige Estates Projects has announced a net consolidated profit after tax of ₹43.10 crore for the quarter ending March 31, 2025.
In the same quarter of the previous fiscal year, the profit was ₹235.90 crore, as stated in a filing with the BSE. The company’s net consolidated total income for Q4 FY25 was ₹1,589.30 crore, reflecting a decline of 28.81 percent from ₹2,232.50 crore recorded in the corresponding quarter of the previous year.
The board of directors has recommended a final dividend of 18% (₹1.8 per share) on the company’s equity shares for the fiscal year ending March 31, 2025. Additionally, the board has approved the issuance of non-convertible debentures for a total amount of up to ₹2,000 crore on a private placement basis. The company had previously raised ₹5,000 crore through a qualified institutional placement (QIP) in August 2024.
It reported pre-sales of ₹6,957.40 crore for Q4 FY25, marking a year-on-year growth of 48 percent. Collections for the quarter amounted to ₹3,155.10 crore, with an average price realization of ₹15,524 per square foot. As of March 31, 2025, the company’s net debt is ₹6,716.50 crore, with a debt-to-equity ratio of 0.42 and an average cost of debt at 10.32 percent.
The organization has established a framework agreement with Valor Estate (Valor) and its fully owned subsidiaries, namely Esteem Properties and Advent Hotels International, to collaboratively develop a project on land totaling 21,978.22 square meters in Andheri East, Mumbai, designated for commercial use through the creation of a special purpose vehicle (SPV).
This project encompasses a total leasable area of roughly 1.50 million square feet and a gross development value (GDV) estimated at around ₹4,500 crore. Both Valor and the organization will possess a 50% economic stake in the project. Prestige Estates is set to invest ₹504 crore into the SPV.
Additionally, the organization has initiated a plotted development known as Prestige Gardenia Estates in Devanahalli, Bengaluru. Spanning 47 acres, this project consists of 516 plots and features a total development area exceeding one million square feet, with a revenue potential surpassing ₹800 crore.
