Prestige Estates Share Price: Prestige Estates Projects Ltd (PEPL) delivered robust performance in Q4FY26 and FY26, driven by strong pre-sales growth, healthy project launches and solid progress on its annuity portfolio. Brokerage firm Nuvama Research has retained its BUY rating this stock.
Prestige Estates Share Price Target
Created with AI. Errors are possibleBrokerage firm Nuvama Research has maintained its ‘BUY’ rating on this stock and set a 12-month price target of Rs 1,830, implying significant upside potential from its closing price of Rs 1,389.
The company, in its official statement, said, ‘We believe PEPL can achieve its pre-sales guidance in FY27E despite falling housing volumes’ (Link). Robust office demand (Link), mid-income focus and geographical/segmental diversification underpin our bullish stance on PEPL. Retain ‘BUY’ and our TP of Rs 1,830 based on a 20 per cent premium to Q4FY28E NAV.”
Prestige Estates Q4 Results
Its net profit stood at Rs 25 crore in the year-ago period.
Total income also more than doubled to Rs 4,143.5 crore during the January-March quarter of 2025-26 fiscal from Rs 1,589.3 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday.
During the 2025-26 fiscal year, the company’s net profit jumped over two times to Rs 1,195.5 crore from Rs 467.5 crore in the preceding year.
Total income rose to Rs 13,195.5 crore last fiscal from Rs 7,735.5 crore during 2024-25.
Prestige group Chairman and Managing Director Irfan Razack said, “FY26 has been a landmark year for Prestige, marked by our highest-ever sales and collections alongside strong growth in revenue and profitability. These results reflect the strength of our brand, the trust of our customers, and our ability to execute consistently across markets and asset classes.”
He noted that the company continues to witness encouraging demand across its residential business while simultaneously expanding footprint across commercial, retail, hospitality, and mixed-use developments.
“Our operational performance during the last fiscal year gives us confidence as we move into the next phase of growth with a robust launch pipeline across key geographies. Backed by strong fundamentals, disciplined execution, and a diversified development portfolio, we remain focused on creating long-term value for all stakeholders,” Razack said.
The company’s sales bookings stood at a record Rs 30,024 crore in the 2025-26 fiscal, up 76 per cent from the preceding year.
Meanwhile, the board recommended payment of final dividend at 20 per cent (Rs 2 per share) on the equity shares of the company for the year ended March 31, 2026, subject to approval of shareholders.
It also approved issuance of non-convertible debentures for an aggregate amount up to Rs 2,000 crore on private placement basis subject to approval of shareholders.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions)
