Puravankara Q1 FY27 Results Show Revenue Growth and Profitability Amid Land Investment Increase

Puravankara Q1 FY27 Results Show Revenue Growth and Profitability Amid Land Investment Increase​

Puravankara Limited reported significant revenue growth and a turnaround in profitability for the quarter ending June 30, 2026. The company’s consolidated statement revealed that total income reached ₹877 Cr, marking a 63% year-on-year (YoY) increase from Q1 FY26.

The company recorded a net profit of ₹25 Cr for Q1 FY27, successfully reversing the loss of ₹69 Cr reported in the corresponding quarter of FY26.

Financial and Operational Performance Highlights​

Q1 FY27 demonstrated strong performance across various metrics:

• Total Revenue: Reached ₹877 Cr (63% increase YoY), up from ₹539 Cr in Q1 FY26.
• Sales Value: Total revenue for the quarter was ₹1,439 Cr, a 28% rise compared to Q1 FY26 sales of ₹1,124 Cr.
• Profitability: The net profit of ₹25 Cr contrasts sharply with the ₹69 Cr loss in Q1 FY26.
• Collections: Customer collections were reported at ₹1,199 Cr, reflecting a 40% increase compared to the Q1 FY26 collection figure of ₹857 Cr.
• Margins: The EBITDA margin for Q1 FY26 was noted at 15%.

Operational insights indicated that increased unit handovers were a key driver of profitability growth in Q1 FY27. Furthermore, the land purchase cost saw a substantial increase of 1141% YoY, reflecting heightened investment in acquisitions by the company.

A detailed look at operational performance across different segments shows:

Cashflow and Capital Strength​

The company provided an update on cash flows, highlighting the estimated surplus from ongoing projects. The total estimated surplus across all projects stood at ₹19,831 Cr. This figure is derived from multiple components:

• ₹8,976 Cr Estimated Surplus From Ongoing Projects
• ₹8,636 Cr Surplus From Pipeline Projects
• ₹2,220 Cr Estimated Surplus From Commercial Projects

The balance collection from sold units was reported at ₹6,708 Cr. The company maintains a robust financial position, with Net Debt standing at ₹2,836 Cr against an estimated total surplus of ₹19,831 Cr, signifying sufficient coverage and capital strength.

Project Status and Pipeline Update​

Puravankara’s Pan-India footprint spans nine cities, focusing on high-growth urban corridors. The company maintains a strong execution momentum, with the turnover in units received during Q1 FY27 at 745, up from 667 units reported in Q1 FY26. As of June 30, 2026, completed inventory pending recognition stood at 2,777 units (representing 3.20 msft).

The company’s project status is divided into three categories:

Completed Projects:
Across all completed projects, the sell-through efficiency reached 91% of the launched area. The operational strength is visible in the dedicated projects, including those in Goa and various residential developments across Bengaluru and Chennai.

Under Construction Projects:
As at June 30, 2026, there are 19,027 units (25.90 msft developable area) under construction, with a 58% sold area achieved from the launched portfolio. Key projects in this segment include Bayscape in Chennai and Ecopolitan in Bengaluru.

Upcoming Pipeline:
The company has a robust pipeline totaling 35.14 msft of developed area across 3,569 units (residential and commercial). This includes upcoming launches like Emerald Bay in Pune and planned projects such as Amaiti II in Coimbatore. The pipeline is strategically diversified across key markets including Bengaluru, Pune, Goa, and Kochi.

Debt Profile and Acquisitions​

The company's debt profile remains balanced. As of June 30, 2026, the Total Gross Debt stood at ₹3,942 Cr, down from ₹4,016 Cr in March 2026, resulting in a Net Debt of ₹2,836 Cr.

The company continues to strengthen its presence through strategic land acquisitions. Q1 FY27 contributed an estimated GDV of INR 5,200 Cr through four strategic acquisitions:

• A 14.57-acre parcel in Mandur, Bengaluru with a GDV of ₹2,300 Cr.
• A 9.73-acre land parcel in Sanna Ammanikere, North Bengaluru with a GDV potential of ~₹800 crores.
• A joint development for a 11.23-acre parcel in Doddagubbi, North Bengaluru with potential GDV of over ₹1,100 crores.
• A project in Sarjapura with a GDV potential exceeding ₹1,000 crores.

PURVA Stock Price Movement​

On Friday, shares of Puravankara Limited shed 0.32%, settling at ₹218.21 in market close. Traded volume for the stock reached 198,836 shares during the previous trading session.