Puravankara Limited Announces Audited Financial Results for Quarter and Year Ended March 31, 2026
Puravankara Limited announced the release of its audited standalone and consolidated financial results, along with the audit report, for the quarter and financial year ended March 31, 2026. The Company also provided details regarding the re-appointment of its Cost Auditor and the appointment of a new Chief Risk Officer.The Company's management released comprehensive data detailing the financial performance across multiple reporting segments, including the audited Standalone and Consolidated Financial Results and Cash Flow Statements.
Financial Performance Highlights (Rs. in crore)
Standalone ResultsThe audited Standalone Financial Results for the Company show the following key figures:
| Particulars | Quarter ended 31.03.2026 (Audited) | Current Year ended 31.03.2026 (Audited) |
|---|---|---|
| Revenue from operations | 1,118.73 | 2,302.61 |
| Total income | 1,151.25 | 2,399.01 |
| Total expenses | 1,003.03 | 2,302.65 |
| Net profit/(loss) for the period | 110.92 | 70.35 |
The standalone statement of assets and liabilities as at March 31, 2026, totals 9,143.84. The total assets recorded for the year were 9,143.84, compared to 8,245.61 as at March 31, 2025.
Consolidated Results
On the consolidated level, the financial figures show significant growth:
| Particulars | Quarter ended 31.03.2026 (Audited) | Current Year ended 31.03.2026 (Audited) |
|---|---|---|
| Revenue from operations | 1,501.92 | 3,739.83 |
| Total income | 1,540.99 | 3,846.42 |
| Total expenses | 1,395.59 | 3,768.95 |
| Net profit/(loss) for the period | 109.95 | 56.75 |
The consolidated statement of assets and liabilities reports total assets of 17,257.63 as at March 31, 2026, up from 14,245.13 as at March 31, 2025.
Operational Governance Updates
In corporate governance matters, the Company approved the re-appointment of M/s. GNV & Associates (Firm Registration No. 000150), Cost Accountants, as the Cost Auditor for the financial year 2026-27, subject to shareholder ratification.Additionally, the Board of Directors approved the appointment and remuneration of Mr. Amit Narain Ahuja as Chief Risk Officer, designated as a Senior Managerial Personnel (SMP) of the Company, effective from May 04, 2026.
Management Updates and Legal Notices
The Company noted that the group's business activity falls within a single reportable segment: real estate development and related activity.The Group also reported that certain entities are subject to ongoing legal proceedings. These proceedings relate to:
- Deposits and advances of Rs. 61.41 crore (compared to Rs. 61.80 crore on March 31, 2025) towards joint development arrangements and land acquisitions.
- Claims from minority shareholders of a subsidiary of Rs. 35.00 crore.
- Inventories related to launched projects of Rs. 82.70 crore under land acquisition proceedings.
- Receivables and other balances totaling Rs. 70.20 crore, subject to litigations.
The Company stated that pending resolution of these legal matters, no provisions have been made towards these claims, classifying the amounts as good and recoverable based on the legal evaluation of the ultimate outcome.
The Group also reported that tax authorities issued assessment orders disallowing certain expenses, resulting in a potential tax impact of Rs. 45.08 crore from AY 2016-17 to AY 2024-25. The Company has filed appeals against these orders.
Conclusion
The Company confirmed that both the standalone and consolidated financial results, including the respective audit reports, have received an unmodified opinion from the statutory auditors.***
Disclaimer: This article is based solely on the financial data and operational updates provided in the source material and does not include any external commentary or assumptions.
PURVA Stock Price Movement
On Monday, Puravankara Limited shares edged higher, gaining 0.42% to settle at ₹213.08. The equity traded robustly on a volume of 199,566 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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