In Q4 FY25, Prestige Estate's 14 msf of new launches were rolled out across Bengaluru, Mumbai, and Hyderabad, with a gross development value of Rs 161.3 billion; the stock in hand stood at 13.85 msf. For FY26, the company has guided pre-sales at Rs 270 billion, with Rs 120-130 billion expected in Q1 FY26. The GDV pipeline has moderated to Rs 420 billion.
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Motilal Oswal Report
While delays in approvals impacted Prestige Estate Projects Ltd.'s launches during the year, these have been deferred to FY26.
As the company advances its growth trajectory in both residential and commercial segments and unlocks value from its hospitality segment, we believe the stock is set for further re-rating.
Reiterate Buy with a revised target price of Rs 1,938 (previously 1,725), indicating a 32% upside potential.
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