Puravankara Reports Q1FY27 Revenue Surge at ₹877 Crore; PAT Reaches ₹25 Crore

Puravankara Reports Q1FY27 Revenue Surge at ₹877 Crore; PAT Reaches ₹25 Crore​

Puravankara Limited, a prominent real estate developer, announced strong operating performance for the first quarter of FY27. The company reported total revenue of ₹877 crore, marking a 63% year-on-year surge, and recorded a Profit After Tax (PAT) of ₹25 crore, in stark contrast to the loss of ₹69 crore in Q1FY26.

The first quarter reflected significant progress across residential and commercial portfolios, driven by improving realizations and disciplined execution. EBITDA margin for the company expanded robustly to 25% from 15% during Q1FY26.

Q1FY27 Financial Highlights​

The operational performance of Puravankara was summarized as follows:

Sales and Deliverables Update​

In terms of sales activity, the company achieved pre-sales of ₹1,439 crore, which is a 28% increase compared to the previous year. This was based on a sales volume of 1.36 million sq. ft. across 1,017 units. The average realization rose by 18% year-on-year to ₹10,589 per sq. ft.

Customer collections for the quarter reached ₹1,199 crore, showing a 40% growth compared to Q1FY26, setting a record high for first-quarter collections in three years.

In terms of possession, Puravankara handed over 745 homes, covering 0.94 million sq. ft., surpassing the 667 units delivered in Q1FY26. As of June 30, 2026, the company has 3.20 million sq. ft. of completed inventory (comprising 2,777 units) pending revenue recognition. During the quarter, the company completed 1.72 million sq. ft. across ten towers and phases in Goa (Provident Adora De Goa), Pune (Emerald Bay Towers B-2 and B-3, and Purva Aspire), and Mumbai (Purva Clermont, Wings A, D and E).

Strategic Growth and Land Acquisitions​

The company announced significant strategic land transactions in Bengaluru. Four land deals were secured spanning approximately 41.93 acres, offering a cumulative development potential of around 4.23 million sq. ft. These included:

• Mandur: Acquisition of a 14.57-acre parcel with an estimated Gross Development Value (GDV) of ₹2,300 crore and 1.8 million sq. ft. of development potential.
• Doddagubbi: Entering a joint development agreement for an 11.23-acre parcel with a potential GDV exceeding ₹1,100 crore and saleable area of 0.74 million sq. ft.
• Sarjapura: Securing a 6.4-acre joint development agreement with a potential GDV over ₹1,000 crore and saleable area of 0.8 million sq. ft.
• Sanna Ammanikere: Acquiring a 9.73-acre parcel in the fast-developing airport corridor, with a GDV potential of approximately ₹800 crore and saleable area of 0.89 million sq. ft.

Furthermore, Puravankara entered into a definitive agreement with ICICI Prudential AMC for the sale of the commercial property known as Purva Zentech in Bengaluru, at an enterprise value of ₹625.94 crore. Of this consideration, ₹145 crore will be received through share sales of the SPV, with the remainder settled via balance sheet adjustments.

Future Pipeline and Debt Position​

The company maintains a substantial launch pipeline across the Southern and Western markets, totaling 20.48 million sq. ft. These planned launches carry an approximate GDV of ₹27,300 crore, primarily concentrated in Bengaluru and Mumbai. The estimated future cash flow potential from total new launches (excluding those already underway) stands at around ₹8,636 crore.

Regarding the balance sheet, Gross debt stood at ₹3,942 crore as of June 30, 2026, reduced by ₹74 crore during the quarter, despite the deployment of ₹574 crore toward land payments, advances, and deposits. Net debt is reported at ₹2,836 crore, resulting in a net debt-to-equity ratio of 1.57 for Q1FY27. The cost of debt was recorded at 11.12% as of the end of June 2026.

Looking ahead, the company projects an overall estimated surplus across all project categories, spanning the next three to five years, amounting to ₹19,831 crore.

PURVA Stock Price Movement​

Puravankara Limited shares closed lower today, shedding 0.32% after settling at ₹218.21. The stock saw a volume of 198,836 shares traded during the session.