Puravankara Board Approves FY26 Audited Financial Results, Reappoints Cost Auditor
Board Approves Audited Financial Results for Fiscal Year 2026
Puravankara Limited's board approved audited FY26 results with an unmodified audit opinion. The approval was formalized at the board meeting held on May 18, 2026, confirming the company's financial performance for the fiscal year ended March 31, 2026.
Financial Performance and Auditor Findings
The company reported consolidated revenue from operations of ₹3,739.83 crore, with net profit for the year standing at ₹56.75 crore, marking a notable improvement compared to losses recorded in the previous year. The unmodified audit opinion assures investors that the company's financial statements are presented fairly and accurately, enhancing confidence in the reported financial health.
The approval covered both standalone and consolidated audited financial results, along with the formal presentation of the statutory audit report, ensuring transparency and regulatory compliance.
Cost Auditor Reappointment
The board formally approved the re-appointment of M/s. GNV & Associates as the company's Cost Auditor for the financial year 2026-27. This appointment remains subject to ratification by shareholders at the company's upcoming Annual General Meeting.
Chief Risk Officer Appointment
The board approved the appointment of Mr. Amit Narain Ahuja as the Chief Risk Officer, designated as a Senior Managerial Personnel, effective May 4, 2026. Ahuja brings over 26 years of extensive leadership experience in risk and control functions across international markets and prestigious financial institutions, including Wells Fargo and JP Morgan Chase. This appointment corrected the recorded date of the Chief Risk Officer's designation within the company's governance records.
About Puravankara
Founded in 1975, Puravankara Limited is headquartered in Bengaluru and has become one of India's most admired and trusted developers. Over five decades, the company has grown from a regional developer to a pan-India player delivering organized residential and commercial projects across major metros and key cities.
The company operates in the premium and luxury residential segments under the Puravankara brand and in affordable housing with its Provident brand across major Indian cities. Recent expansion in Western India includes four marquee projects in Mumbai (including redevelopment projects in Lokhandwala, Pali Hill, Breach Candy and Thane) with a combined Gross Development Value of over ₹9,500 crore.