Puravankara Reports Q1 FY27 Net Profit of ₹25-29 Crore as Revenue Surges 62% to ₹877 Crore
Turnaround to Profitability in Q1 FY27
Puravankara reported a net profit (attributable to owners of the parent) of ₹28.93 crore for the first quarter of fiscal year 2027, compared to a loss of ₹67.68 crore in Q1 FY26. EBITDA margin expanded to 25% from 15%, marking a significant operational improvement across the developer's residential and commercial portfolio.
Revenue and Operational Growth
Total revenue for Q1 FY27 stood at ₹877 crore, up 63% year-on-year from ₹539 crore in Q1 FY26. The company handed over 745 homes covering 0.94 million square feet during the quarter, up from 667 units in Q1 FY26.
Pre-sales reached ₹1,439 crore in Q1 FY27, up 28 per cent year-on-year, with 2,777 completed units currently pending revenue recognition. This inventory pool provides visibility into near-term earnings as properties move through handover phases.
Capital Deployment and Land Acquisitions
During the quarter, the company added ₹5,200 crore of gross development value (GDV) through four land transactions in Bengaluru to its portfolio. The four transactions spanned approximately 41.93 acres: a 14.57-acre parcel in Mandur with ₹2,300 crore GDV; a joint development agreement for 11.23 acres in Doddagubbi (North Bengaluru) with ₹1,100 crore GDV; a 6.4-acre JDA in Sarjapura with ₹1,000 crore GDV; and a 9.73-acre acquisition in Sanna Ammanikere (airport corridor) with ₹800 crore GDV.
In Q1 FY27, Puravankara entered into a definitive agreement with ICICI Prudential AMC for the sale of its commercial property Purva Zentech, in Bengaluru, at an enterprise value of ₹625.94 crore.
Balance Sheet and Cash Position
During the quarter, Puravankara's operating inflows stood at ₹1,423 crore, against operating outflows of ₹1,078 crore, resulting in an operating surplus of ₹345 crore. Net debt as of June 2026 stood at ₹2,836 crore, with a net debt-to-equity ratio of 1.57 times.
Pipeline and FY27 Guidance
The company has 20.48 million square feet of planned launches across the southern and western Indian markets, with an approximate GDV of ₹27,300 crore, with the majority of the pipeline concentrated in Bengaluru and Mumbai. The estimated future cash flow potential from total new launches (excluding new phases) is around ₹8,636 crore. With a strong launch pipeline and an estimated surplus of ₹19,831 crore over the next 3-5 years, the company remains focused on delivering its FY27 sales guidance of ₹11,200 crore.
About Puravankara
Founded in 1975, Puravankara has spent nearly five decades building residential and commercial projects across major cities including Bengaluru, Chennai, Mumbai, Pune, Hyderabad, Kochi, Goa, Kolkata, Mangaluru, and Coimbatore. Over the years, Puravankara has delivered 80+ residential and commercial projects covering more than 45 million sq. ft. and has a significant land bank with millions of square feet under development. The company is officially listed on both the BSE and NSE stock exchanges.