Puravankara Limited announced a significant financial turnaround in Q3 FY26, reporting a Profit After Tax (PAT) of ₹58.48 crore, recovering from a loss of ₹94 crore in Q3 FY25. Revenue surged by 231% Year-over-Year (YoY) to ₹1,104 crore, driven by improved execution and project completions. This performance largely offsets prior quarterly losses, establishing a clear inflection point in the company’s earnings trajectory as it focuses on disciplined growth.
Puravankara Reports Decisive Q3 FY26 Turnaround
Puravankara Limited, a leading real estate developer, has reported a robust financial performance for the third quarter of FY26 (Q3FY26), signaling a decisive return to profitability after two challenging quarters. This performance reflects improving operating momentum across profitability, revenues, sales, and cash flow generation.
Profitability Highlights: Return to Positive PAT
The company posted a Profit After Tax (PAT) of ₹58.48 crore in Q3FY26, a sharp recovery compared to the loss of ₹94 crore reported in Q3FY25. This single quarter’s results have materially offset cumulative losses from the earlier part of the fiscal year, which were impacted by regulatory transitions such as e-Khata implementation and by-law changes.
Ashish Puravankara, Managing Director, stated that the return to profitability is driven by improved realisations and timely project deliveries, reinforcing the business’s underlying strength. The focus remains on calibrated launches, execution-led delivery, and consistent cash flow generation.
Revenue and Collections Surge
Total revenue for Q3FY26 witnessed a massive increase, soaring to ₹1,104 crore, up 231% YoY. Customer collections also demonstrated strong momentum, increasing 22% YoY to ₹1,140 crore.
- 9MFY26 Revenue: Total project revenue stood at ₹2,305 crore, up 51% YoY.
- 9MFY26 Collections: Customer collections rose 8% YoY to ₹3,045 crore.
- Cash Flow: Operating cash inflows reached ₹3,504 crore for the nine-month period, resulting in a ₹755 crore cash operating surplus for 9M FY26, with consistent Q-o-Q surplus generation.
Sales and Execution Momentum
Sales momentum remained strong, supported by sustained demand and healthy price realisations in key markets.
- Q3FY26 Sales Value: Grew by 17% YoY.
- 9MFY26 Sales Volume: Stood at 4.24 million sq. ft., with sales value reaching ₹3,859 crore, up 9% YoY.
- Execution: During the quarter, 1,116 homes covering 1.23 million sq. ft. were handed over, reinforcing the focus on timely delivery commitments. Cumulative handovers for 9MFY26 reached 2,446 homes.
Pipeline Expansion
The development pipeline continues to strengthen. During 9MFY26, Puravankara added over 12.7 million sq. ft. of potential developable area, carrying an estimated gross development value of approximately ₹13,900 crore across major markets like Bengaluru and Mumbai. This aligns with the strategy of calibrated expansion in high-demand urban micro-markets.
Group Snapshot (As of December 31, 2025)
The Puravankara Group has completed 93 projects totaling ~56 million sq ft across nine cities. The company currently maintains a total land bank of approximately ~38 million sq ft, with ongoing projects totaling ~34 million sq ft.
Source: BSE
