Synopsis: Prestige Estates, through its subsidiaries, acquires 66.93% of Bharatnagar Buildcon LLP for ₹ 938.75 crore to strengthen its strategic holdings.
The shares of a Mid-Cap company, specializing in the development of residential, commercial, retail, and hospitality properties, operating across major cities in India and internationally, are in focus following the acquisition of Bharatnagar Buildcon LLP.
With a market capitalization of Rs. 70,204.72 crores on Thursday, the shares of Prestige Estates Projects Ltd rose by upto 2.8 percent, making a high of Rs. 1662.25 per share compared to its previous closing price of Rs. 1616.95 per share.
What Happened
Prestige Estates Projects Ltd, engaged in the development of residential, commercial, retail, and hospitality properties, through its subsidiaries, Prestige Falcon Realty Private Limited (wholly owned) and Prestige Projects Private Limited, acquired partnership interests in Bharatnagar Buildcon LLP, resulting in the Company indirectly holding 66.93 percent of the LLP.
Bharatnagar Buildcon LLP, established in 2011, is engaged in real estate development and construction, with a turnover of Rs. 3,47,272 in FY 2024-25, Rs. 19,40,418 in FY 2023-24, and Rs. 13,34,527 in FY 2022-23. It was completed through a cash infusion of Rs. 938.75 crores by the subsidiaries via capital and current account contributions. The transaction aims at consolidating the Company’s stake in the LLP for strategic business reasons.
Financials & Others
The company’s revenue rose by 5.52 percent from Rs. 2,304 crore in September 2024 to Rs. 2,432 crore in September 2025. Meanwhile, Net profit rose from Rs. 235 crores to Rs. 457 crores during the same period.
The company has a decent Return on Capital Employed (ROCE) of 7.66 percent and a low Return on Equity (ROE) of 3.48 percent, indicating modest profitability. With a debt-to-equity ratio of 0.92, it has moderate financial leverage.
Prestige Estates Projects Ltd. is a major Indian real estate developer, founded in 1986, known for diversified projects in Residential, Commercial, Retail, and Hospitality sectors across South India and beyond (Mumbai, NCR, etc.), offering integrated townships, luxury villas, tech parks, malls, hotels, and property management, recognized for quality delivery and innovation, operating across key cities like Bengaluru, Hyderabad, Chennai, and Kochi.
The Prestige Group, one of India’s most trusted and respected real estate names, has been synonymous with innovation and luxurious living since 1986. With over 39 years of excellence, the group has completed 300+ projects, delivering 190+ million sq. ft. of developed space and currently has 170+ million sq. ft. under development, shaping the face of modern urban India with state-of-the-art real estate concepts and technologies.
In Q2 FY26, sales reached Rs. 60,173 million, marking a 50% year-over-year growth, and the Collections stood at Rs. 42,128 million, up 54% YoY.
The total area sold was 4.42 million sqft, a 47% increase YoY and Units sold totalled 2,069, and Average realisation was Rs. 14,906 per sqft for apartments and villas (+8% YoY) and Rs. 9,510 per sqft for plots (+43% YoY).
Written by Sridhar J
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