Analysts/Institutional Investor Meet/Con. Call Updates

Date: 19.08.2026 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, 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 Monday, August 17, 2026, on the Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 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 ICSI Membership No.: F11373 “Puravankara Limited Q1 FY27 Earnings Conference Call” August 17, 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 PRIVATE LIMITED Page 1 of 12 Puravankara Limited August 17, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call for Puravankara Limited. 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 touch-tone telephone. Please note that this conference is being recorded. I now hand the conference over to Ms. Savita Singh. Thank you, and over to you, ma'am. Savita Singh: Thank you, Avirat. Good morning, everyone. I, Savita Singh, on behalf of Dolat Capital, welcome you all to the Q1 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 and 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: Good morning, everyone. I'm Neeraj Gautam, CFO of Puravankara Limited, and I welcome you to Puravankara Limited's earnings conference call to discuss our performance for the first quarter of financial year 2027. Our financial results, investor presentation and press release have been filed with the stock exchanges and are available on the company's website as well. Before I begin, I would like to remind everyone that some of the statements made during today's call may be forward-looking in nature. Please refer to the applicable disclaimer in our investor presentation. I had a little bit of disconnect on the technical glitch. I repeat once again. If there is any idea we would like to take away from Q1, it is that Puravankara has entered FY27 with a stronger operating rhythm. Presales and collection grew, realization improved, deliveries accelerated and financial performance moved in the right direction. At the same time, we invested selectively in future growth and advanced our capital recycling agenda. The quarter, therefore, represents more than a set of higher numbers. It reflects better alignment between sales, execution, cash flow and financial outcomes. I speak a bit about the economy. India remains one of the few large economies where domestic demand and investment provides a meaningful buffer against global volatility. Consumption, public infrastructure, services and manufacturing continues to support activity even as geopolitical tensions, energy prices and weather-related risk warrant vigilance. In August, The Reserve Bank of India retained its neutral stance, maintained the repo rate at 5.25%, and projected FY27 GDP growth of 6.7% and CPI inflation of 5.0%. For real estate, this is not a fresh stimulus. It is something equally valuable at this stage of the cycle, a more stable planning environment for homebuyers, developers and the lenders. Coming to our operational performance for the quarter against the industry backdrop, Puravankara delivered presales of INR1,439 crores, an increase of 28% year-on-year. Sales Page 2 of 12 Puravankara Limited August 17, 2026 volume grew 9% to 1.36 million square feet, while average realization rose 18% to INR10,589 per square foot. This balance matters, it shows that growth was not dependent on a single lever. We sold more space and achieved higher value supported by quality of our locations, product positioning and mix. Collection grew even faster, rising 40% to INR1,199 crores. We also handed over 745 homes, representing 0.94 million square feet. These are important markers of operating quality. Presales created the order book, collections turned that order book into liquidity and handovers converted construction progress into completed homes and recognized financial performance. Our focus is to preserve this operating chain, maintain sales velocity without compromising price discipline, keep construction moving, collect on schedule and delivery with consistency. When those elements reinforce one another, growth becomes more predictable, customer confidence deepens and the economies of business improve. Coming to our financial performance, the stronger operating rhythm is visible on our financial results. The total income increased 63% year-on-year to INR877 crores primarily supported by higher handover, EBITDA margin expanded to 25% from 15% in Q1 FY26. The profit after tax was positive INR25 crores compared with a loss of INR69 crores in the corresponding quarter last year. One quarter does not define an earnings trajectory, particularly in a business where revenue recognition depends on completion, handovers and project mix. The significance of Q1 lies in the direction of travel and the operating ingredients behind it, higher sales, stronger collection and more deliveries and better profitability. We will continue to assess performance across this complete set of indicators rather than through any single reported number. Coming to our balance sheet and capital allocation. As on 30th June 2026, our net debt stood at INR2,836 crores and net debt equity was 1.57x. Gross debt declined by INR74 crores during the quarter. Cash and bank balances were INR1,106 crores and our average cost of debt was 11.12%. These figures keep balance sheet efficiency firmly at the center of our priorities. We are clear about the work ahead, leverage and the cost of borrowing remain active management priorities. The principal levers are operational, and we are addressing them directly. Our approach has 4 parts: grow collection, fund construction so project move towards delivery, refinance where there is a clear economic benefit and recycle capital from mature or noncore assets. We'll also evaluate new opportunities through the lens of upfront cash commitment, project level cash flows and return on capital. The proposed Purva Zentech transactions illustrates capital recycling in action. During the quarter, we entered into a definitive agreement with ICICI Prudential AMC at an enterprise value of approximately INR625 crores subject to customary adjustment and closing conditions. Upon completion the transaction is expected to release a capital to enhance our financial flexibility, allowing us to direct resource towards the areas where we see strong strategic and economic value. Page 3 of 12 Puravankara Limited August 17, 2026 Coming to our growth pipeline and business deve [Showing first 8,000 characters — download PDF for full document]