Real estate developer Puravankara Ltd has reported a consolidated net profit of Rs 58.34 crore for the third quarter of the current financial year, marking a sharp turnaround from the loss recorded in the same period last year.
The improved performance in the October to December quarter of FY26 was driven by a substantial rise in total income, reflecting stronger execution and better project deliveries.
Strong Recovery in Q3 FY26 Performance
The Bengaluru headquartered real estate firm had posted a net loss of Rs 92.64 crore in the corresponding quarter of the previous financial year. The latest quarterly numbers indicate a clear recovery in profitability.Total income for the third quarter of FY26 rose significantly to Rs 1,104.06 crore, compared with Rs 334.20 crore reported in the year ago period. The sharp rise in revenue underscores improved realizations and project execution momentum during the quarter.
Management Commentary on Business Momentum
Ashish Puravankara, Managing Director of the company, said that the return to profitability in Q3 highlights the underlying strength of the business and the traction being built across execution, sales, and cash flows.He noted that improved realizations along with timely project deliveries have contributed to strong revenue growth and a meaningful recovery in profitability during the quarter.
Expanding Project Portfolio Across Key Cities
Puravankara has completed 93 projects spanning a total of 56 million square feet across nine cities including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.The company currently holds a land bank of 38 million square feet and has ongoing projects covering 34 million square feet, positioning it for sustained development activity in the coming quarters.
With a strengthened income base and a return to profit in Q3 FY26, Puravankara’s latest financial performance reflects a renewed growth trajectory supported by execution efficiency and expanding project pipeline.
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