9. Prestige Estates Projects | Valuation: ₹58,700 crore | Bengaluru-based Prestige Estates Projects slipped five places to ninth after a 17.9% decline in valuation. Led by Irfan Razack, the company continues to operate across residential, office, retail and hospitality segments.
Operating margins expanded significantly due to strict cost controls, helping cushion the developer against lower property sales and soft quarterly revenue. Discover how management plans to accelerate project launches in upcoming quarters.
Realty firm Prestige Estates Projects Ltd on Thursday (November 5) reported a 47.9% year-on-year decline in net profit to ₹224 crore in the second quarter of FY27, compared with ₹430 crore in the corresponding period last year.
Revenue declined 15.3% to ₹2,060 crore from ₹2,432 crore.
EBITDA (earnings before interest, taxes, depreciation and amortisation) increased 1.8% year-on-year to ₹926 crore, compared with ₹910 crore in the year-ago quarter. EBITDA margin expanded to 45% from 37% in the corresponding period last year.
Shares of Prestige Estates Projects Limited ended at ₹1,632.45, down by ₹54.40, or 3.45%, on the BSE.