Prestige Group holds Rs 65,000 crore unrecognised revenue in books on record pre-sales: Chairman Irfan Razack

Prestige Estates Projects Ltd holds a substantial Rs 65,000 crore in unrecognised revenue, fueled by robust housing sales. The company reported record bookings of Rs 30,024 crore for fiscal 2025-26 and anticipates even stronger performance this year. Discussions are underway with auditors to potentially adopt the percentage of completion method for revenue recognition, a shift from their current completion-based approach.

Raccontata daeconomictimes.indiatimes.com