Prestige Estates Projects earnings calls.

Prestige Estates delivered a solid Q1 FY27 with residential pre-sales of ₹6,579 croreCurrent ₹6,579 crore. Reported change: +18% YoY (implied). across 6.8 million sq ft and 337 units, though revenue recognition was muted due to lower completions and a timing mismatch. Collections stood at ₹4.82 crore, with the company maintaining its full-year collection guidance of ₹25,000 crore (residential ₹21-22 crore). Hyderabad drove 49% of sales via the Golden Grove launch (already 60% sold), while Bangalore contributed 27% and Mumbai 12%. The office portfolio posted gross leasing of 1.5 million sq ftCurrent 1.5 million sq ft. Reported change: New lease - Prestige Signature Towers. with FY27 exit rentals at ₹865 crore, while retail delivered 18% YoY growth to ₹737 croreCurrent ₹737 crore. Reported change: +18% YoY. with 5.22 million mall footfalls. The launch pipeline for the balance year stands at ~₹45,000 crore GDV across key markets. Management guided for 15-20% pre-sales growth and targets ~₹8,500-9,000 crore free cash flow, expecting only a marginal debt increase of ₹500-1,000 crore. Key risks include approval delays constraining launches, margin pressure from construction cost inflation, and timing uncertainties around hospitality monetization and data center investments.