Corporate Actions
Puravankara soars after Q4 sales value climbs 190% YoY to Rs 3,547 cr

13-Apr-26   13:52 Hrs IST
For the full year, the company's sales rose 55% to Rs 7,407 crore in FY26, up from Rs 4,783 crore in the previous fiscal.

The company's collections climbed 36% YoY to Rs 1,213 crore in Q4 FY26. For FY26, customer collections increased 15% YoY to Rs 4,258 crore.

The sales area stood at 3.01 million square feet (msft) in Q4 FY26, up 112% compared with 1.42 msft in Q4 FY25. Average realisation improved 37% YoY to Rs 11,787 per sq ft during the quarter.

During the quarter, Puravankara handed over 1,301 homes, totaling 1.67 msft, taking the cumulative handover for FY26 to 3,747 homes, or 4.25 msft.

The company said that while recent geopolitical developments have added to global uncertainty, the impact on the Indian residential sector remains limited at this stage. Any meaningful impact would depend on the duration and extent of these developments, particularly through factors such as energy prices. The RBI has reiterated India's strong growth outlook, projecting GDP growth of around 7.6% for FY26, while highlighting global geopolitical developments and energy prices as key risks.

Ashish Puravankara, managing director, Puravankara, said, 'During the year, we continued to strengthen our growth pipeline, adding 13.6 msft with an estimated GDV of Rs 15,200 crore. We also launched new projects in Bengaluru, Mumbai, Kochi, and Pune, alongside new phases of existing projects, with a total saleable area of 6.39 msft, of which 3.39 msft is from the new projects.

Over the next 24 months, we plan to unveil 30 projects, primarily across South India and Mumbai. The planned pipeline comprises nearly 51.14 million sq. ft. of developable area, with an estimated Gross Development Value (GDV) of over Rs 55,000 crore, marking a significant step-up in the company's growth trajectory. A large number of these 30 projects are already in the approval stage, and a few are in the design stage and are set to be approved shortly.

Our FY26 performance marks a clear transition into our next phase of growth. With a strengthened pipeline, improved realizations, and sustained collections, we are now operating at scale and momentum. As we move ahead, we are confident of accelerating growth, backed by a robust pipeline, disciplined capital allocation, and a clear strategy to deliver sustained value for our stakeholders.

Puravankara is engaged in the business of real estate development.

The company reported a consolidated net profit of Rs 59.34 crore in Q3 FY26 as a net loss of Rs 93.16 crore in Q3 FY25. Revenue from operations zoomed 236.1% year on year to Rs 1,069.31 crore in Q3 FY26.

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.