Prestige Group Holds Rs 650 Billion Unrecognised Revenue
ECONOMY & POLICY

Prestige Group Holds Rs 650 Billion Unrecognised Revenue

Prestige Estates Projects Ltd has around Rs 650 billion (bn) of unrecognised revenue on its books, the company reported through its chairman. The sum has swelled on the back of strong housing sales over the past three financial years and record booking values in 2025-26. The company follows the completion method for revenue recognition and the chairman said it is in discussion with auditors to move to the percentage of completion method. He attributed the accumulation to robust demand and the accounting approach rather than any billing anomaly.

Prestige Estates achieved record sales bookings of Rs 300.24 bn in 2025-26, up 76 per cent from the preceding year. The chairman expressed a hopeful outlook for the current fiscal, anticipating that sales bookings and new launches will be better than in 2025-26 as housing demand remains resilient despite global uncertainties. Management is targeting Rs 350-360 bn of sales bookings or pre-sales for 2026-27. The booking momentum in 2025-26 was driven largely by housing segments across its major markets.

The company has a launch pipeline of around Rs 580 bn for the current fiscal across major cities, with actual commencements to be governed by government approvals. In the last fiscal, Prestige launched 32 million (mn) sq ft of area with sales bookings potential of Rs 273.5 bn. The pipeline figure reflects projects at different stages of approvals and planning. How many projects are ultimately launched will depend on timing of clearances and market appetite.

Prestige Estates reported that net profit more than doubled to Rs 11.955 bn in 2025-26 from Rs 4.675 bn in 2024-25, while total income rose to Rs 131.955 bn from Rs 77.355 bn in the preceding year. Bengaluru-based Prestige Estates is one of the leading real estate developers in the country and has delivered 313 projects spanning 206 million (mn) sq ft. The group has a pipeline of 128 projects across 195 million (mn) sq ft and develops housing, commercial and hospitality projects. The scale of the backlog of unrecognised revenue and the stated intention to consider a percentage of completion basis will be closely watched by investors and auditors.

Prestige Estates Projects Ltd has around Rs 650 billion (bn) of unrecognised revenue on its books, the company reported through its chairman. The sum has swelled on the back of strong housing sales over the past three financial years and record booking values in 2025-26. The company follows the completion method for revenue recognition and the chairman said it is in discussion with auditors to move to the percentage of completion method. He attributed the accumulation to robust demand and the accounting approach rather than any billing anomaly. Prestige Estates achieved record sales bookings of Rs 300.24 bn in 2025-26, up 76 per cent from the preceding year. The chairman expressed a hopeful outlook for the current fiscal, anticipating that sales bookings and new launches will be better than in 2025-26 as housing demand remains resilient despite global uncertainties. Management is targeting Rs 350-360 bn of sales bookings or pre-sales for 2026-27. The booking momentum in 2025-26 was driven largely by housing segments across its major markets. The company has a launch pipeline of around Rs 580 bn for the current fiscal across major cities, with actual commencements to be governed by government approvals. In the last fiscal, Prestige launched 32 million (mn) sq ft of area with sales bookings potential of Rs 273.5 bn. The pipeline figure reflects projects at different stages of approvals and planning. How many projects are ultimately launched will depend on timing of clearances and market appetite. Prestige Estates reported that net profit more than doubled to Rs 11.955 bn in 2025-26 from Rs 4.675 bn in 2024-25, while total income rose to Rs 131.955 bn from Rs 77.355 bn in the preceding year. Bengaluru-based Prestige Estates is one of the leading real estate developers in the country and has delivered 313 projects spanning 206 million (mn) sq ft. The group has a pipeline of 128 projects across 195 million (mn) sq ft and develops housing, commercial and hospitality projects. The scale of the backlog of unrecognised revenue and the stated intention to consider a percentage of completion basis will be closely watched by investors and auditors.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code