Puravankara Limited Reports Impressive Q4FY26 and FY26 Results
Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and admired real estate developers, has announced its results for the quarter ended March 31, 2026, and the annual results for FY26.
Key Highlights:
- PAT of ₹111 crore, up 226% year-on-year
- Sales stood at ₹3,547 crore - the highest-ever in any quarter, up from ₹1,225 crore in the corresponding quarter last year, reflecting a strong growth of 190%
- Sales volume for the quarter was 3.01 msft, while customer collections stood at ₹1,213 crore, up 36% from ₹892 crore in Q4FY25
- Total revenue for the quarter stood at ₹1,541 crore, up 173% from ₹ 564 crore in Q4FY25
- Average realisation increased by 37% year-on-year to ₹11,787 per sq. ft.
Commenting on the Company's Performance:
Ashish Puravankara, Managing Director, Puravankara Limited, said, "Q4FY26 was a staggering quarter for Puravankara as we recorded our highest-ever sales; a 37% increase in average realisation and PAT of ₹111 crore."
Strategic Expansion:
Puravankara strengthened its development pipeline through a series of strategic acquisitions and joint development agreements across Bengaluru and Mumbai, with a cumulative estimated gross development value (GDV) of approximately ₹15,200 crore.
- Chembur, Mumbai: Selected as the preferred developer for the redevelopment of eight residential societies spread across approximately 4 acres, unlocking over 1.2 msft with an estimated GDV of ₹2,100 crore.
- Malabar Hill, Mumbai: Through its wholly owned subsidiary, secured a redevelopment project spread across 1.43 acres, with a development potential of 0.7 msft and an estimated GDV of around ₹2,700 crore.
- Hennur Road, Bengaluru: Entered into a joint development project with an estimated GDV of over ₹1,300 crore and a saleable area of approximately 0.84 msft.
- Anekal Taluka, Bengaluru: Acquired a 53.5-acre land parcel in Attibele Hobli with a development potential of around 6.4 msft and an estimated GDV of over ₹4,800 crore.
- Balegere, East Bengaluru: Entered into a joint development agreement for a 5.5-acre land parcel with a combined development potential and estimated GDV of ₹1,000 crore.
- KIADB Hardware Park, North Bengaluru: Partnered with KVN Property Holdings LLP for a 24.59-acre land parcel with a developable area of 3.48 msft and an estimated GDV of over ₹3,300 crore.
Launches, Deliveries & Execution:
In FY26, the company launched three new projects, Purva Silversky and Purva Northern Lights in Bengaluru, and Purva Estrella in Mumbai. Additionally, new phases were launched across 7 existing projects in Bengaluru, Mumbai, Kochi, Pune, and Chennai, taking the total launch area during the year to 6.39 msft.
Projected Cash Flows:
As of 31st March 2026, the total estimated surplus stands at ₹19,290 crore (next 3-5 years).
Debt:
As of 31st March 2026, our net debt stood at ₹2,321 crore, down by ₹160 crore in Q4 FY26.
Editorial Note:
Under Ind AS 115 accounting norms, revenue and profit from residential projects are recognised only when homes are handed over, not when they are sold. As a result, there is usually a lag between sales performance and reported earnings.