Analysts/Institutional Investor Meet/Con. Call Updates

Date: 05/11/2026 The General Manager, The Manager, Listing Operations Listing Department, Department of Corporate Services National Stock Exchange of India Limited, BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, P. J. Towers, Dalal Street, Fort, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai- 400 001 Mumbai- 400 051 Stock Code: 532891 Stock Code: PURVA Dear Sir / Madam, Sub: Transcript of Earnings Call Ref: Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 We write to inform you that the transcript of the earnings call held on Tuesday, November 03, 2026, on the Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026, is enclosed herein. This is for your information and records. Thanking you, Yours sincerely, For Puravankara Limited (Sudip Chatterjee) Company Secretary & Compliance Officer Membership No.: F11373 “Puravankara Limited Q2 FY27 Earnings Conference Call” November 03, 2026 MANAGEMENT: MR. ASHISH PURAVANKARA – MANAGING DIRECTOR – PURAVANKARA LIMITED MR. MALLANNA SASALU – CHIEF EXECUTIVE OFFICER, SOUTH – PURAVANKARA LIMITED MR. RAJAT RASTOGI – CHIEF EXECUTIVE OFFICER, WEST AND COMMERCIAL ASSETS – PURAVANKARA LIMITED MR. NEERAJ GAUTAM – CHIEF FINANCIAL OFFICER – PURAVANKARA LIMITED MODERATOR: MS. SAVITA SINGH – DOLAT CAPITAL MARKETS Page 1 of 14 Puravankara Limited November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Puravankara Limited Q2 FY27 Earnings Conference Call hosted by Dolat Capital. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Savita Singh from Dolat Capital. Thank you, and over to you, ma'am. Savita Singh: Thank you, Alriac. Good morning, everyone. I, Savita Singh, on behalf of Dolat Capital, welcome you all to the Q2 FY27 Earnings Conference Call of Puravankara Limited. I would like to thank the management for giving us this opportunity to host the call. Today from the management team, we have with us Mr. Ashish Puravankara, Managing Director; Mr. Mallanna Sasalu, CEO-South; Mr. Rajat Rastogi, CEO-West & Commercial Assets; and Mr. Neeraj Gautam, CFO. I now hand over the call to the management for their opening remarks. Over to you, sir. Neeraj Gautam: Thank you, Savita. Good morning, everyone. I'm Neeraj Gautam, Chief Financial Officer of Puravankara Limited. Thank you for joining us to discuss our second quarter and first half FY27 performance. Our results and investor presentation are available on the stock exchanges and in our website. Please also refer to the forward-looking statement disclaimer in the presentation. The central message this quarter is that stronger sales are being accompanied by better collection, faster customer handovers and a meaningful reduction in net debt. These developments are important because for a real estate company, sustainable growth is not measured by booking alone, it must also be in execution, cash generation and strength of the balance sheet. Coming to our operating performance. This quarter, we recorded presales of INR2,762 crores, up by 109% year-on-year on sales volume of 2.38 million square feet. Average price realization rose 32% to INR11,607 per square feet and customer collections grew by 24% year-on-year to INR1,301 crores. For the first half of FY27, total revenue grew 60% year-on-year to INR1,928 crores. We reported a profit after tax of INR107 crores. Residential and commercial sales for the period stood at INR3,575 crores. In addition, we monetized approximately 5.46 lakh square feet of commercial office space at Purva Zentech for an asset value of INR626 crores, which is also reflected in this quarter's presales. Together these take our total sales achievement for the first half of year to INR4,200 crores or 37.51% of our annual sales guidance of INR11,200 crores. Our growth is therefore supported by both our established South India base and increasingly meaningful contribution from the Western markets. Now coming to the collection and execution. Customer collection rose 24% Page 2 of 14 Puravankara Limited November 03, 2026 to INR1,301 crores in Q2 and reached INR2,500 crores for the first half year, up by 31%. These collections are important to sustaining construction progress and managing our funding requirements. We handed over 977 homes covering approximately 0.97 million square feet during the quarter, taking first half handover to 1,722 homes. Consistent delivery remains priority both for our customers and for the conversion of our development activity into recognizing earnings. Our priority is to preserve this connection between sales, construction, collection and delivery rather than treating any one metric as a full measure of performance. Coming to our financial performance. Revenue from operation rose to INR1,033 crores compared to INR644 crores a year earlier. Total income increased 59% to INR1,051 crores and EBITDA was INR289 crores, representing margin of 27%. Profit after tax was INR82 crores compared to the loss of INR42 crores in Q2 FY26. For H1, total income grew 60% to INR1,928 crores and profit after tax was INR107 crores against a loss of INR111 crores a year ago. The quarter includes an exceptional gain of INR149 crores, which we've distinguished from recurring operating performance, higher handover supported revenue integration, and our focus remains on improving the consistency of earnings over time. Coming to the cash flow and capital management. Our direct cash flow statement shows an operating surplus of INR596 crores for Q2 and INR413 crores after net interest and tax. We also made meaningful progress on leverage. Gross debt declined by approximately INR180 crores to INR3,763 crores, while net debt reduced by INR470 crores to INR2,366 crores. Net debt-to-equity ratio to 1.26x and our weighted average cost of debt declined to 10.94%. In September, we completed the Purva Zentech-Exit at an enterprise value of approximately NR 626 crores. This reflects our focus on recycling capital from mature assets to support future growth. The transition is reported separately from the regular project presales. Coming to the development pipeline and outlook for the rest of the half year. At the end of September, our ongoing portfolio comprised of 33.61 million square feet. We also had a planned launch program of 14.5 million square feet with estimated GDV of approximately INR22,600 crores subject to approvals on launch readiness. During H1, we added development opportunity with an estimated GDV of INR14,100 crores across Bengaluru, Mumbai, Greater Noida, strengthening both our redevelopment portfolio and the geographic reach. Our FY27 sales guidance remains INR11,200 crores, including the Zentech transaction. First half sales asset monetization totaled approximately INR4,201 crores, equivalent to 37.5% of our guidance of this combined value basis. For the remainder of the year, our priorities are to execute planned launches, sustain collection, deliver homes on schedule and improve capital efficiency. We remain committed to pursuing growth responsibly and creating lasting value for our customers and shareholders. Page 3 of 14 Puravankara Limited November 03, 2026 Thank you for your time. We'll now be pleased to take your questions. Thank you. Moderator: Thank you. We will now begin with the question-and-answer session. The first question comes from the line of Deepak Purswani with Svan Investments. Deepak Purswani: Congratulations on a good set of numbers. Firstly, I wanted to check it out in terms of the launches this quarter, there were the [Showing first 8,000 characters — download PDF for full document]