NSEPress Release5d ago · 14 Aug 2026, 05:19 pm
Press Release
Puravankara Limited · PURVA
✦ AI Summary▲ PositiveResults
Puravankara Limited reported a strong Q1FY27 with revenue surging 63% to ₹877 crore, PAT at ₹25 crore, and EBITDA margin expanding to 25% from 15%. The company handed over 745 homes, added ₹5,200 crore of GDV in Bengaluru, and maintained its FY27 sales guidance of ₹11,200 crore.
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Puravankara Limited has informed the Exchange regarding a press release dated August 14, 2026, titled "Puravankara Q1FY27 revenue surges 63% to ₹877 crore; PAT at ₹25 crore".
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Date: 14.08.2026
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, G Block,
P. J. Towers, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E),
Mumbai- 400 001 Mumbai- 400 051
Stock Code: 532891 Stock Code: PURVA
Dear Sir / Madam,
Sub: Press Release
Ref: Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
A copy of the Press Release titled “Puravankara Q1FY27 revenue surges 63% to ₹877 crore; PAT at ₹25
crore” is enclosed herewith and the contents are self‐explanatory.
This is for your information and records.
Thank you,
Yours sincerely,
For Puravankara Limited
(Sudip Chatterjee)
Company Secretary & Compliance Officer
ICSI Membership No.: F11373
Encl: as above
For immediate release
August 14, 2026
Puravankara Q1FY27 revenue surges 63% to ₹877 crore; PAT at ₹25 crore
Pre-sales up 28% at ₹1,439 crore; adds ₹5,200 crore of GDV in Bengaluru
Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and
admired real estate developers, reported a strong start to FY27, backed by improving realisations and
disciplined execution across its residential and commercial portfolio.
Puravankara reported a Profit After Tax (PAT) of ₹25 crore in Q1FY27, compared to a loss of ₹69 crore
in Q1FY26, while EBITDA margin expanded to 25% from 15%. The company handed over 745 homes
covering 0.94 msft during the quarter, up from 667 units in Q1FY26, sustaining the execution
momentum built through FY26.
Total revenue for Q1FY27 stood at ₹877 crore, up 63% YoY from ₹539 crore in Q1FY26. Operating
inflows for the quarter stood at ₹1,423 crore, against operating outflows of ₹1,078 crore, resulting in
an operating surplus of ₹345 crore.
In Q1FY27, the company recorded pre-sales of ₹1,439 crore, up 28% year-on-year, on sales volume of
1.36 million sq. ft. across 1,017 units. Average realisation rose 18% to ₹10,589 per sq. ft., while
customer collections for the quarter grew 40% year-on-year to ₹1,199 crore, the highest first-quarter
collections in three years.
Commenting on the company's performance, Ashish Puravankara, Managing Director,
Puravankara Limited, said, “Q1FY27 reflects the continued strengthening of our operating
performance, with healthy growth in revenue, pre-sales and collections, alongside improved margins.
As our portfolio progresses through completion and handover, we expect this execution momentum to
support earnings visibility, with 2,777 completed units currently pending revenue recognition.
We continue to balance growth with disciplined capital allocation. During the quarter, we added ₹5,200
crore of GDV through four land transactions in Bengaluru. Further, the Purva Zentech transaction with
ICICI Prudential AMC reinforces our focus on capital efficiency. With a strong launch pipeline and an
estimated surplus of ₹19,831 crore over the next 3-5 years, we remain focused on delivering our FY27
sales guidance of ₹11,200 crore.”
Q1FY27 Highlights
• Total area sold: 1.36 msft, up 9% year-on-year
• Total sales value: ₹1,439 crore, up 28% year-on-year
• Total units sold: 1,017
• Average sales realisation: ₹10,589 psft, up 18% year-on-year
• Collections: ₹1,199 crore, up 40% year-on-year
• Total revenue stood at ₹877 crore, up 63% year-on-year
• Profit after tax stood at ₹25 crore, against a loss of ₹69 crore in Q1FY26
• EBITDA margin expanded to 25%, from 15% in Q1FY26
Possession
• In Q1FY27, the company handed over 745 units, covering 0.94 msft, compared with 667 units
in Q1FY26.
• As of June 30, 2026, 3.20 msft of completed inventory (2,777 units) is pending revenue
recognition.
• The company completed 1.72 msft across ten towers and phases during the quarter: 1.00 msft
in Goa (Provident Adora De Goa, Phases VIII to XI), 0.51 msft in Pune (Emerald Bay Towers
B-2 and B-3, and Purva Aspire) and 0.21 msft in Mumbai (Purva Clermont, Wings A, D and E).
Projected Cash Flows:
As of June 30, 2026:
• The total estimated surplus from ongoing projects stands at ₹8,976 crore.
• The estimated surplus from commercial projects is ₹2,220 crore.
• The estimated surplus from pipeline projects is ₹8,636 crore.
• The overall estimated surplus across all categories stands at ₹19,831 crore over the next three
to five years.
Debt
• Gross debt stood at ₹3,942 crore as of June 30, 2026, reduced by ₹74 crore during the quarter
even as the company deployed ₹574 crore towards land payments, advances and deposits.
• Net debt stood at ₹2,836 crore, with a net debt-to-equity ratio of 1.57 for Q1FY27.
• The cost of debt stood at 11.12% as of June 30, 2026.
Business Highlights (Q1FY27)
In Q1FY27, Puravankara announced four land transactions in Bengaluru spanning approximately 41.93
acres, with a cumulative development potential of around 4.23 msft.
• Mandur, Bengaluru: Secured a 14.57-acre land parcel with an estimated GDV of ₹2,300
crore, offering 1.8 msft of development potential.
• Doddagubbi, North Bengaluru: Entered into a joint development agreement for an 11.23-
acre land parcel with a potential GDV of over ₹1,100 crore and saleable area of 0.74 msft.
• Sarjapura, Bengaluru: Entered into a joint development agreement for a 6.4-acre land parcel
with a potential GDV of over ₹1,000 crore and saleable area of 0.8 msft.
• Sanna Ammanikere, North Bengaluru: Acquired a 9.73-acre land parcel in the fast-
developing airport corridor, with a GDV potential of approximately ₹800 crore and saleable area
of 0.89 msft.
Purva Zentech, Bengaluru: Entered into a definitive agreement with ICICI Prudential AMC for the
sale of the commercial property at an enterprise value of ₹625.94 crore. Of the total consideration,
₹145 crore will be received through the sale of shares of the SPV, while the balance will be realised
through agreed balance sheet adjustments in accordance with the transaction structure.
Launch Pipeline
The company has 20.48 msft of planned launches across the Southern and Western markets, with an
approximate GDV of ₹27,300 crore, with the majority of the pipeline concentrated in Bengaluru and
Mumbai. The estimated future cash flow potential from total new launches (excluding new phases) is
around ₹8,636 crore. The pipeline is supported by a redevelopment portfolio of five projects in Mumbai,
representing 2.23 msft of saleable area on the company's share.
About Puravankara Limited
The Puravankara Group is one of India's most trusted realty majors, headquartered in Bengaluru with
a pan-India presence. Over the past five decades, the Company has been catering to the entire
spectrum of housing and plotted development needs. Additionally, Starworth Infrastructure and
Construction Limited (SICL), a wholly-owned subsidiary of Puravankara, focuses on technology-enabled
construction solutions. The group has also forayed into developing Grade A commercial real estate,
with a presence of ~3 msft, and is rapidly expanding its footprint. Additionally, the interior design arm,
Purva Streaks, caters to customers looking for an integrated interior design solution.
As of June 30, 2026, Puravankara has completed 97 projects totalling ~59 msft across nine cities:
Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The
Company's total land bank is ~38 msft, and ongoing projects add up to 35.14 msft.
For more information, please contact:
Abhinav Kanchan 9741773269 Abhinav.k@puravankara.com
Avinash Bhat 9986646059 Avinash.bhat@puravankara.com
Nikunj Joshi 9901124273 Nikunj.j@puravankara.com