The Board of Directors of Puravankara Limited, following a meeting on February 12, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Key decisions included the 5-year re-appointment of Mr. Ashish Ravi Puravankara as Managing Director from April 01, 2026, and approval for the merger of two wholly-owned subsidiaries.
Outcome of the Board Meeting on February 12, 2026
The Board of Directors of Puravankara Limited convened on Thursday, February 12, 2026, and approved several significant resolutions, including the financial outcomes for the recent reporting period.
Financial Results Approval
The Board adopted the Draft Un-audited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. These results were formally reviewed and recommended by the Audit Committee prior to the Board’s approval.
Key Management Appointment
The Board approved the Re-appointment of Mr. Ashish Ravi Puravankara (DIN: 00504524) as Managing Director. This reappointment is for a period of 5 years, commencing from April 01, 2026, and concluding on March 31, 2031. This decision is subject to subsequent approval via a Postal Ballot of the Company’s shareholders.
Mr. Ashish Ravi Puravankara’s profile highlights his role in identifying growth opportunities, driving superior construction quality, and spearheading the launch of Provident Housing and Purva Land. He currently holds a BSc. in Business and an MBA.
Corporate Restructuring
Approval was granted for the Merger of two Wholly Owned Subsidiaries:
- IBID Home Private Limited (Transferor Company)
- Purva Woodworks Private Limited (Transferee Company)
The rationale centers on optimizing the investment in IBID by integrating its digital assets (operating under the brand WATABID.COM) into the active operating company, thereby expanding market reach and enhancing competitiveness through digital enablement. The transaction is not considered a related party transaction conducted at arm’s length.
Statutory Approvals
The Board also approved the necessary Postal Ballot Notice and Explanatory Statement pursuant to provisions of the Companies Act, 2013, for obtaining shareholder approval for the above matters.
Standalone Financial Highlights (Q3 FY2025 vs Previous Periods – Rs. in crore)
Standalone Performance Summary
For the quarter ended December 31, 2025, Total Income was ₹760.15 crore, contrasting with the preceding quarter’s ₹349.23 crore and the corresponding quarter of the previous year at ₹201.99 crore. Total Expenses for the current quarter stood at ₹673.83 crore. The resulting Net Profit for the period was ₹63.79 crore, compared to a loss of ₹36.21 crore in the preceding quarter.
Nine Months Ended December 31, 2025 (YTD)
Year-to-date Total Income reached ₹1,247.76 crore. Total expenses for the nine months were ₹1,299.62 crore. The net profit for the nine-month period was ₹40.57 crore (loss: ₹122.86 crore in the prior year’s corresponding period).
Consolidated Financial Highlights (Q3 FY2025 vs Previous Periods – Rs. in crore)
Consolidated Performance Summary
For the quarter ended December 31, 2025, Consolidated Total Income was ₹1,104.06 crore. The Net Profit for the period attributable to the owners of the parent was ₹59.94 crore, marking a significant recovery from the loss of ₹41.79 crore recorded in the preceding quarter.
Nine Months Ended December 31, 2025 (YTD)
Consolidated Total Income for the nine months ended December 31, 2025, was ₹2,305.43 crore, with consolidated total expenses reaching ₹2,373.36 crore. The Net Profit for the nine-month period was ₹(94.92) crore (a loss).
Auditor’s Review Report Notes
The Statutory Auditors highlighted an Emphasis of Matter regarding ongoing legal proceedings related to property, income tax search, and other matters, where no provision has been made pending resolution. Additionally, the standalone results incorporated the share of net loss from three partnership entities.
In the consolidated results, the review noted contributions from 31 subsidiaries and 2 associates, as well as one subsidiary whose results were not fully reviewed/audited but were certified by management as immaterial to the Group.
Source: BSE
