Puravankara has announced robust operational highlights for the third quarter of FY26 (ending December 31, 2025). The Sales Value reached ~INR 1,414 Cr, alongside a Sales Volume of 1.49 msft. Customer Collections saw a 22% YoY increase to ~INR 1,140 Cr. Financially, Total Revenue stood at ~INR 1,104 Cr, and the company achieved a significant 23% EBIDTA Margin.
Q3FY26 Key Business Highlights
The third quarter of the fiscal year 2026 showed strong operational momentum. The Sales Value recorded was ~INR 1,414 Cr, an increase from INR 1,209 Cr in Q3FY25. Sales volume reached 1.49 msft. Customer Collections grew robustly by 22% YoY to ~INR 1,140 Cr, while the Average Realization per sqft increased by 12% YoY to approximately INR 9,500.
Profitability and Revenue Performance
Total Revenue for Q3FY26 reached ~INR 1,104 Cr, a substantial improvement over the INR 334 Cr reported in Q3FY25. The company posted a PAT of ~INR 58 Cr, compared to a loss of INR 94 Cr in the previous corresponding quarter. Furthermore, the EBIDTA Margin expanded significantly to 23% from 10% in Q3FY25.
9MFY26 Performance Summary
For the nine months ending December 31, 2025, Sales Value was ~INR 3,859 Cr (up from INR 3,543 Cr in 9MFY25). Total Revenue stood at ~INR 2,305 Cr, up 50% YoY. The EBIDTA Margin was 20%, and the company recorded a PAT loss of ~INR 53 Cr, an improvement from the INR 99 Cr loss in 9MFY25.
Geographical Sales Mix and Unit Value
In 9M FY26, Bengaluru remains the dominant region, contributing 58% to the sales value, though there is a noticeable increase in the Western region, with Mumbai and Pune together contributing 21% (up from 15% in FY25). Unit value analysis shows that 79% of Group’s sales accounted for units priced less than Rs. 2 Cr in 9M FY26.
Collection Trends and Cash Flow
Collections have shown a strong upward trend, nearly doubling over the last three years, increasing from INR 603 Cr in Q3 FY23 to INR 1,140 Cr in Q3 FY26. The Direct Cash Flow statement for Q3FY26 shows an Operating Surplus of INR 258 Cr. The long-term cash flow potential highlights an estimated total surplus of INR 16,100 Cr from ongoing and pipeline projects, providing strong coverage for the Net Debt of INR 2,482 Cr.
Debt Management Update
Net Debt reduced by INR 244 crore this quarter, settling at INR 2,482 Cr as of December 31, 2025. The Debt/sqft for Residential and Land portfolios decreased from INR 795 to INR 659. The Cost of Debt has improved to 11.08% QoQ. The repayment schedule indicates that 48% of the gross debt is due in the second year.
Project Status and Land Bank Growth
As of December 31, 2025, the Group had 93 completed projects with 56.10 msft delivered. Inventory pending possession recognition stands at 2.40 msft (2,443 units). During 9M FY26, the company made strategic land acquisitions totaling an estimated GDV of INR 13,900 Cr, including a 53.5-acre project in Attibele, Bengaluru with an estimated GDV of INR 4,800 Cr.
Governance and Leadership
The presentation highlights the company’s governance structure, featuring Ravi Puravankara as Chairman of the Board and Ashish Puravankara as Managing Director. The company also showcased recent accolades, including the CIDC Vishwakarma Awards 2025 for Social Development & Impact.
Source: BSE
