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Puravankara Results: Latest Quarterly Results & Analysis

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Puravankara Ltd. 08 Aug 2025 18:32 PM
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Q1FY26 Quarterly Result Announced for Puravankara Ltd.

Realty company Puravankara announced Q1FY26 results

Q1FY26 Financial Highlights:

  • Total revenue stood at Rs 539 crore.
  • Net loss for the period was Rs 69 crore.
  • Collections: Rs 857 crore.

Business Highlights:

  • Total area sold: 1.25 million square feet (msft).
  • Total sales value: Rs 1,124 crore.
  • Average sales realisation: Rs 8,988 per square foot (psft).

Ashish Puravankara, Managing Director, Puravankara, said: “This year marks our Golden Jubilee, and we are proud of the trust our customers have placed in us as well as the milestones we have achieved on this journey. In this quarter, we delivered a strong performance, with a 6% year-on-year increase in pre-sales, supported by healthy customer interest in our ongoing projects. Healthy collections for the quarter underscore the continued confidence that homebuyers have in our developments.

Our handovers and sales were less than our expectations due to regulatory changes, including e-Khata and changes in byelaws. However, our team is confident of achieving the scheduled handover and launches.

Our recent land acquisitions with an aggregate GDV potential of Rs 6,400 crore have further strengthened our growth pipeline. In Mumbai, redevelopment continues to gain traction, with our appointment as the preferred developer for eight housing societies in Chembur (GDV over Rs 2,100 crore). In the South, we have entered a JV for a 24.59-acre parcel near the airport in North Bengaluru (GDV over Rs 3,300 crore) and signed a JDA for a 5.5-acre parcel in Balegere, East Bengaluru (GDV over Rs 1,000 crore). These additions diversify our portfolio and position us strongly for sustained growth.”

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Realty company Puravankara announced Q3FY25 results

Financial Highlights:

  • Revenue from projects stood at Rs 334 crore
  • EBITDA margin stood at 10%

Business Highlights:

  • Area sold stood at 1.43 msft
  • Sales value stood at Rs 1,265 crore
  • Sales realisation stood at Rs 8,847/sft

Ashish Puravankara, Managing Director, Puravankara, said, “We have recorded a 16% increase in total revenue from projects in 9MFY25, and customer collections have increased by 19%. The growth in collections is a clear reflection of our strong operational efficiency and business performance. We expect Occupancy Certificates (OCs) and completion for four projects with a total saleable area of 3.95 million sq ft during Q4FY25/Q1FY26 with a total value of Rs 3,200 crore.

This fiscal, we have invested Rs 1,236 crore in land purchases, which aligns with our goal to expand our landbank to 45 million sq ft. Over the past three years, we have achieved an impressive CAGR of 57% in sales. With the addition of 7 msft land bank with a GDV potential of Rs 12,000 crores expected to be brought to market in the next 15 months, we are excited about these upcoming launches, achieving our growth plans and expansion strategy. In addition, we have a robust pipeline of land acquisition along with capital raise to continue the growth momentum.”

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Realty company Puravankara announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Revenue from projects stood at Rs 520 crore.
  • EBITDA Margin stood at 28%
  • Area sold stood at 1.53 msft.
  • Sales value stood at Rs 1,331 crore.
  • Sales realisation stood at Rs 8,697/sft.

H1FY25 Financial Highlights:

  • Total Revenue stood at Rs 1,195 crore.
  • EBITDA Margin stood at 24%.
  • Loss stood at Rs 5 crore.
  • Area sold stood at 2.84 msft.
  • Sales value stood at Rs 2,459 crore.
  • Sales realisation stood at Rs 8,658/sft.

Ashish Puravankara, Managing Director, Puravankara, said: “The company has made sizeable investments of Rs 945 crore in land acquisition, with a potential GDV of Rs 9,700 crore from 5.8 msft of new acquisitions. Increased sustenance sales for H1FY25 of 14%YoY, along with increased price realisation in Q2FY25 for Purva by 17% and Provident by 15% YoY, showcases the strength of the brand along with customer appreciation of product quality and service. Operational efficiencies are visible through our increased customer collections amounting to Rs 1,999 crore for H1FY25, an increase of 27% YoY. In the coming two quarters, the company is focused on new launches amounting to around 12.27 msft with a potential GDV of around Rs 13,625 crore and project deliveries for the remaining two quarters.”

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Realty company Puravankara announced Q1FY25 results:

Financial Highlights: 

  • Revenue from projects stood at Rs 676 crore ( 101% YoY)
  • EBITDA stood at Rs 148 crore (96 % YoY)
  • Profit of Rs 15 crore as compared to a loss of Rs 17 crore in Q1FY24

Operational Highlights: 

  • Sales value stood at Rs 1,128 crore
  • Average price realisation stood at Rs 8,746/sft
  • 1.16 msft delivered in Q1FY25 compared to 0.49 msft in Q1FY24

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara, said, “The revenue recognised went up to Rs 676 crore on account of higher delivery of 929 units, a 108% growth over last year’s delivery, demonstrating our commitment and focus on operations. While the company sold 1.29 msft, our focus was on replenishing our landbank. The company deployed Rs 762 crore for land acquisition in MMR, Goa and Bengaluru.”

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Realty company Puravankara announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Area sold: 2.35 msft ( 94% YoY)
  • Sales value: Rs 1,947 crore ( 93% YoY)
  • Sales realisation: Rs 8,285/sft ( 0% YoY)
  • Total Revenue: Rs 947 crore ( 112% YoY)
  • EBITDA: Rs 139 crore ( 30% YoY)
  • Loss: Rs 7 crore (-124% YoY)

FY24 Financial Highlights:

  • Area sold: 7.36 msft ( 84% YoY)
  • Sales value: Rs 5,914 crore ( 90% YoY)
  • Sales realisation: Rs 7,916/sft (2%YoY)
  • Revenue from projects: Rs 2,260 crore ( 61% YoY)
  • EBITDA: Rs 531 crore ( 23% YoY)
  • Profit: Rs 42 crore (-33% YoY)
  • Net operating surplus: Rs 513 crore ( 598% YoY)

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Limited, said, “For FY24, we achieved pre-sales of Rs 5,914 crore, up by 90% year-on-year, demonstrating our commitment to growth and trust of our customers. We launched 12 projects with a saleable area of 9.47 million square feet, reinforcing our expansion into high-potential micromarkets. As of date, we have successfully secured redevelopment rights and have been appointed as the preferred developer for three redevelopment projects in Mumbai with a potential gross development value of Rs 3,600 crore and are in advance discussions for more projects.

We are happy to announce that we have successfully returned investments of IFC and ASK amounting to Rs 410 crore. In line with our growth plans, to replenish our land bank, we have deployed Rs 300 crore of land advances from internal accruals and debt, showcasing our successful generation of project surpluses and deployment thereof. This quarter's financials reflect increased expenses for presales and G&A towards new acquisitions along with geographic expansion towards future value creation.”

Result PDF

Realty company Puravankara announced Q3FY24 results:

Financial Highlights:
- Profit: Reported a profit of Rs 78 crores in Q3 FY24, representing a year-on-year increase of 266%.
- Revenue: Revenue from operations was Rs 596 crores, up by 45% compared to the same period in the previous year.
- Sales: Sales value reached Rs 1,241 crores, reflecting a 56% increase year-on-year, and sales volume stood at 1.63 million square feet, which is a 60% increase from the prior year.
- Collections: The company collected Rs 941 crores, marking a 52% year-over-year gain.
- Debt Reduction: Reduced net debt by Rs 251 crores from the previous quarter, bringing the net debt-to-equity ratio to 0.85 in Q3FY24.
- Cash Flows: Operating cash inflows for the 9 months ending FY24 stood at Rs 2,826 crores, a 35% increase year-on-year. The balance collections from sold units were Rs 3,857 crores, and the total estimated surplus from all completed and ongoing projects was Rs 6,747 crores.
- Sales Realisation: The sales realisation rate was Rs 7,610 per square foot, a slight 2% decrease year-on-year.

Operational Highlights:
- New Project Launches: Two new projects - Provident Deansgate in Bengaluru and Purva Soukhyam in Chennai - plus a new phase for Parkhill in Bengaluru were launched.
- Unsold Inventory: As of the end of Q3 FY24, the total value of unsold inventory stood at Rs 5,617 crores.

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara, said, "The results declared for Q3FY24 and 9MFY24 marks a significant milestone in our operational journey. Our total revenue increased by 45 per cent to INR 596 crores. Our net profit for the quarter stood at 78 crores, up by 266 per cent year on year. Our pre-sales reached Rs 3,967 crores in 9MFY24, demonstrating our consistent growth and effective expansion strategy. The notable 52 per cent Y-o-Y increase in collections highlights our commitment to operational efficiency and customer satisfaction.

Complementing our operational success, we have also reduced our net debt by Rs 251 crores significantly improving collections and cash balance. The company is well poised for investments in new acquisitions across regions, with increased liquidity and cash flows enhancing the growth momentum. We are excited and encouraged with our foray into the Mumbai redevelopment market with our first project of approximately 6 lakh sq ft and a potential GDV of Rs 1,500 crores. We are actively pursuing 12 opportunities and are shortlisted with advance discussions ongoing with four societies.”

 

Result PDF

Realty company Puravankara announced Q1FY24 results:

  • Sales volume for Q1FY24 stood at 1.36 msft, up by 97% YoY with a strong collection of Rs 696 crore ( 52% YoY).
  • Average price realisation increased by 11% to Rs 8,227/sq ft during Q1FY24, up from Rs 7,436/sq ft in Q1FY23.
  • Operating cash inflows stood at Rs 866 crore ( 30% YoY)
  • Revenue from projects stood at Rs 323 crore ( 50% YoY)
  • EBITDA stood at Rs 75 crore (-46% YoY)
  • Loss of Rs 17 crore as compared to a profit of Rs 35 crore in Q1FY23
  • Sales value stood at Rs 1,126 crore ( 119% YoY)
  • The net debt stood at Rs 2,119 crore and the net debt to equity ratio stood at 1.07 for Q1FY24.
  • Net debt has reduced by 89 crore compared to Q4FY23.

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara, said, “The results for Q1FY24 show a strong start to the new fiscal year. Pre-sales have more than doubled (119% growth YoY) vs Q1FY23. With a robust pipeline of 15 million square feet of new launches this year, we are confident of continuing to drive our pre-sales growth momentum. We are actively pursuing potential acquisitions across regions in all our product categories, in line with our growth plans for the upcoming financial years.”

 

 

Result PDF

Realty firm Puravankara announced Q3FY23 resullts:

  • Consolidated Q3FY23:
    • Net Revenues stood at Rs 410 crore ( 67% YoY)
    • EBITDA stood at Rs 128 crore ( 51% YoY)
    • Profit After Tax stood at Rs 21 crore (1,213% YoY)
  • Cash Flows:
    • Balance collections from sold units (completed ongoing) in all launched projects stood at Rs 2,643 crore
    • Total estimated value of unsold inventory open for sale stood at Rs 5,641 crore
    • Total estimated pending project cost to be incurred stands at Rs 3,517 crore
    • Total balance estimated collection from sold and unsold inventory including not open for sale is Rs 12,582 crore
    • Total estimated surplus after construction cost and contingency is 6,774 crore

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Limited, said, “We have recorded the highest ever sales booking of Rs 2,100 crore in the first nine months of the financial year. This outstanding result was supported with the launch of seven new projects in 9MFY23, as well as the continuing interest by home buyers in our ongoing projects.”

On Puravankara’s future plans he said, “We will continue to work towards expanding our market share, and we are excited to announce that in Q3FY23 the group has achieved increased revenue from projects by 77%, increased collection from operations by 87% from construction and delivery against the similar quarter in the previous year. This is supported by increased sales and new launches of over 4.11 msft in 9MFY23 with the last quarter of the current financial year adding another 2.17 msft. Our per Sq. Ft. of debt on under construction area has reduced by 49% from Rs 2,524 to Rs 1,291 over the last four years.

Our focus continues to be on the customer with our ‘You philosophy’, and the results are a testament to the team’s commitment, anchored by Puravankara’s value loads of quality, trust, and customer experience.”

Result PDF

Realty company Puravankara announced Q1FY23 results:

  • Consolidated Revenues stood at Rs 297 crores
  • EBITDA stood at Rs 139 crores with margins of 47%
  • Profit before Tax (PBT) stood at Rs 48 crores
  • Profit After Tax (PAT) stood at Rs 35 crores

Commenting on the company's performance, Ashish R Puravankara, Managing Director, Puravankara limited, said, "We believe India's real estate will continue to witness sustained growth momentum, which will be fueled by favorable market forces, government measures, and positive customer sentiment. We are delighted that the new financial year has begun on a positive note, with the Company achieving its highest ever sales in the first quarter of any financial year. And this is remarkable as it has been achieved in an inflationary environment and without any new launches. Despite the challenging environment, we see positive customer sentiments, improved affordability, and heightened aspiration to have good quality homes. We expect to ride on this wave of robust sales, strong demand in the sector, and a stable economy. We are upbeat about our new launches, and we will continue to focus on scaling our operations while maintaining a healthy balance sheet. As a customer-centric entity, our primary focus will be to offer our customers high-quality products and a seamless homebuying experience. Our budget and expense control measures have put us in a solid position to optimize buoyant sentiments. We remain confident in creating sustained value for all our shareholders by delivering growth and margin expansion through optimal capital utilization."

 

Result PDF

Puravankara declares Q4FY22 result:

  • Highest ever sales value for the company Sales in FY 22 – INR 2407 Cr
  • Net debt reduction by INR 453 Cr during the year along with ROI reduction of 139 bps
  • PAT of INR 146 Cr in FY22
  • Operating inflows up by 73% Operating inflows in FY 22 – INR 2231Cr
  • 6 New launches in the year.

 

 

Result PDF

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