VERIFIEDET Finance·28 Jun 2026neutral

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

AI Summary

·Prestige Estates Projects Ltd has Rs 65,000 crore in unrecognised revenue.
·The company achieved record bookings of Rs 30,024 crore for fiscal 2025-26.
·Prestige is in discussions with auditors regarding the adoption of the percentage of completion method for revenue recognition.