Puravankara FY26 Full Year Consolidated Net Profit ₹70.35 Cr
Puravankara Reports Strong FY26 Turnaround with ₹70.35 Crore Net Profit
Puravankara Limited achieved a net profit of ₹70.35 crore for the fiscal year ended March 31, 2026, with revenue from operations reaching ₹2,302.61 crore. The result represents a strong financial turnaround compared to a loss in the previous year.
The full-year performance reflects a marked recovery across the company's operations. On a consolidated basis, the company recorded revenue from operations of ₹3,739.83 crore for FY26, demonstrating significant operational momentum. The fourth quarter alone yielded a net profit of ₹110.92 crore, a significant improvement compared to the corresponding quarter of the previous year.
Record Sales and Execution Momentum
Puravankara recorded its highest-ever annual sales of ₹7,407 crore for FY26, a 55% year-on-year growth. Quarterly sales in Q4 FY26 reached ₹3,547 crore, the company's highest-ever for any single quarter, reflecting a 190% growth.
Execution performance strengthened substantially in the latter half of the year. The company completed 4.53 million square feet of development and handed over 3,747 units. Average realization improved by 37% to ₹11,787 per square foot in Q4.
Capital Raising and Balance Sheet Strengthening
During FY26, the company's wholly-owned subsidiaries raised ₹1,017 crore through private placement of non-convertible debentures to support the company's real estate development objectives.
The company achieved a net debt reduction of ₹160 crore in the final quarter, continuing its efforts to improve financial stability.
Leadership and Risk Management
The Board appointed Mr. Amit Narain Ahuja as Chief Risk Officer, effective May 4, 2026. Mr. Ahuja brings over 26 years of leadership experience in risk and control functions across international markets and prestigious financial institutions, including Wells Fargo and JP Morgan Chase.
Growth Outlook and Pipeline
During FY26, Puravankara added six new projects with a combined potential of over 12 million square feet and an estimated gross development value of ₹15,200 crore. Key highlights include a decisive entry into the Mumbai redevelopment market via major projects in Malabar Hill and Chembur.
For FY 2026-27, Puravankara has set a sales guidance of ₹11,200 crore, backed by a robust launch pipeline of 21.02 million square feet over the next 12-15 months and a total estimated surplus of ₹19,290 crore projected over the next 3-5 years.
Company Background
For nearly five decades, Puravankara has been at the forefront of Indian real estate, transforming cityscapes across Bangalore, Mumbai, Chennai, Pune, and beyond. Through its subsidiary Provident Housing, the company carries a portfolio of residential developments across 9 cities, namely, Bengaluru, Chennai, Coimbatore, Goa, Hyderabad, Kochi, Mumbai, Mangalore and Pune.
With a family of over 55,000 residents, the company's track record includes approximately 20 million square feet of projects: approximately 12.8 million square feet completed and approximately 7.2 million square feet of ongoing projects.