Puravankara Q3 Results: Firm swings to black, posts ₹58 crore profit; revenue jumps 3-fold

Realty firm Puravankara Ltd on Thursday (February 12) reported a net profit of ₹58.3 crore in the third quarter, compared with a loss of ₹92.6 crore in the same period last year. Revenue for Q3 rose to ₹1,069 crore, up from ₹318 crore in Q3 FY25.

Puravankara reported a sales value of approximately ₹1,414 crore in Q3FY26, up from ₹1,209 crore in Q3FY25. Total revenue for the quarter stood at ₹1,104 crore, compared with ₹334 crore in Q3FY25. The company posted a net profit of ₹58 crore, reversing a loss of ₹94 crore in the same period last year. EBITDA margin improved to 23% from 10% in Q3FY25.

The average realisation per square foot rose 12% year-on-year to around ₹9,500. Customer collections for the quarter were ₹1,140 crore, up 22% YoY. Sales volume reached 1.49 million sq ft, compared with 1.43 million sq ft in Q3FY25.

Also Read: Puravankara shares surge over 11% after double-digit growth in Q3 sales value, collections

Debt, including payable-when-able facilities, is comfortably offset by a projected surplus of ₹16,100 crore. This includes ₹8,378 crore from approved projects, ₹5,687 crore from a well-established pipeline of upcoming developments, and ₹2,035 crore from commercial projects. The group’s gross sales include economic interest attributable to landowners under revenue share arrangements, which accounted for 0.03 million sq ft in Q3FY26 versus 0.04 million sq ft in Q3FY25.

Regional performance saw South sales value increase by 14% due to the launch and sustained sales of ‘Purva Silversky’. Sales value in the West and commercial segment rose 34% YoY, primarily driven by the launch of ‘Purva Panorama’ in Thane, Mumbai. Overall, pre-sales value grew 17% YoY. Average realisation for the group increased 12% YoY, reflecting improved pricing and product mix.

Unit-wise, 79% of the group’s sales were accounted for by units priced under ₹2 crore in 9M FY26, while 48% of sales were from units costing less than ₹1 crore. Approximately 42% of sales volume came from markets outside Bengaluru in 9M FY26, slightly down from 44% in FY25. Sales from Mumbai and Pune increased from 15% in FY25 to 21% in 9M FY26, indicating a growing presence in the Western region.

Also Read: Puravankara arm wins ₹509.5 crore construction LoA for Bengaluru luxury project

The board of directors has approved the re-appointment of Ashish Ravi Puravankara as Managing Director for a period of five years, from April 1, 2026, to March 31, 2031, subject to shareholder approval through a Postal Ballot.

Ashish Ravi Puravankara serves as the Managing Director and Director on the board of Puravankara Limited. He oversees the company’s entire business and focuses on identifying growth opportunities. He has played a key role in maintaining superior construction quality by leveraging innovative technologies.

The board also approved the merger of IBID Home Private Limited (Transferor Company) with Purva Woodworks Private Limited (Transferee Company), both wholly-owned subsidiaries of Puravankara Limited.

Shares of Puravankara Ltd ended at ₹255.55, up by ₹1.70, or 0.67%, on the BSE.

Also Read: Puravankara Q2 Results | Net loss widens to ₹42 crore despite revenue jump