Prestige Estates Q4 FY26 Monitoring Report Confirms Full Compliance in ₹5,000 Crore QIP Proceeds Utilisation
Prestige Estates Q4 FY26 Monitoring Report Confirms Full Compliance in QIP Utilisation
Prestige Estates Projects Limited has submitted its Monitoring Agency Report to the stock exchanges for the quarter ended March 31, 2026. The report, prepared by ICRA Limited, confirms no deviation in the utilization of QIP proceeds and that the utilization of proceeds from the company's Qualified Institutional Placement (QIP) is in line with the stated objects of the issue.
Capital Raise and Allocation Timeline
The QIP, which opened on August 29, 2024, and closed on September 4, 2024, had a gross issue size of ₹5000.00 crore. The net proceeds were initially estimated at ₹4900.60 crore but have been revised to ₹4899.17 crore. This revision is attributed to an increase in actual issue-related expenses by ₹1.43 crore as of March 31, 2026.
Deployment Across Key Objectives
The monitoring report tracks deployment of proceeds across multiple strategic purposes. The report indicates that the repayment of borrowings and land acquisition are on schedule. Investment in subsidiaries and joint ventures, totaling ₹1173.07 crore, has been utilized, with the balance expected to be deployed by the end of FY 2027. The general corporate purpose allocation is also on schedule.
As of March 31, 2026, the total unutilized amount stood at ₹76.93 crore. These funds have been deployed in fixed deposits and are held in bank accounts. The total deployment, including accrued interest, amounted to ₹78.14 crore.
Broader Financial Performance Context
Prestige Estates Projects reported its highest-ever FY26 performance with revenue of Rs 1,31,955 million (up 71% YoY), EBITDA of Rs 42,192 million (up 43% YoY), and PAT of Rs 13,119 million (up 112.80% YoY). The company reported its highest-ever operational performance, with sales of Rs 3,00,245 million and collections of Rs 1,85,146 million for FY26, underscoring continued demand strength and healthy cash flow generation across its portfolio.
Additional Board Actions
The Board recommended a final dividend of Rs 2 per share and approved NCD issuance of up to Rs 2,000 Crores. These moves reflect the company's improved financial position and capital adequacy following the efficient deployment of QIP proceeds.
About Prestige Group
The Prestige Group, a diversified real estate developer, has delivered 316 projects spanning 212 million sqft as of March 2026. The company currently has a pipeline of 135 projects across 227 million sqft. The group operates across residential, commercial, retail, hospitality, and mixed-use segments in more than 12 major locations across India, with significant presence in Bengaluru, Hyderabad, Mumbai, Delhi-NCR, and Chennai.