Puravankara Limited has announced its Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The company reported a substantial increase in presales, up by 109% year-on-year to INR 2,762 crores. Customer collections also saw a significant rise of 24% year-on-year, reaching INR 1,301 crores. The company also achieved a meaningful reduction in net debt, underscoring a focus on sustainable growth and improved financial health.
Puravankara Limited Q2 FY27 Earnings Call Highlights
Puravankara Limited has released its financial results for the second quarter and first half of the financial year 2027, detailing a period of robust performance characterized by strong sales momentum, enhanced customer collections, and a focus on balance sheet strength. The company’s earnings call, held on November 03, 2026, provided insights into these achievements and future outlook.
Strong Operational Performance
The company reported impressive presales of INR 2,762 crores for the quarter, marking a significant 109% increase year-on-year. This growth was achieved on a sales volume of 2.38 million square feet, with an average price realization that rose 32% to INR 11,607 per square feet. Customer collections demonstrated a healthy 24% year-on-year growth, reaching INR 1,301 crores in the quarter. For the first half of FY27, total revenue grew by 60% year-on-year to INR 1,928 crores, with a profit after tax reported at INR 107 crores.
Financial Highlights and Debt Reduction
Puravankara’s financial performance in Q2 FY27 also saw total income increase by 59% to INR 1,051 crores, with EBITDA at INR 289 crores, representing a margin of 27%. Profit after tax stood at INR 82 crores, a notable improvement from the loss of INR 42 crores in Q2 FY26. The company made substantial progress in managing its leverage, with gross debt declining by approximately INR 180 crores to INR 3,763 crores, while net debt reduced by INR 470 crores to INR 2,366 crores. The net debt-to-equity ratio is now 1.26x.
Development Pipeline and Future Outlook
As of September 30, 2026, Puravankara’s ongoing portfolio comprised 33.61 million square feet, with a planned launch program of 14.5 million square feet. The company added development opportunities with an estimated GDV of INR 14,100 crores during H1 FY27 across Bengaluru, Mumbai, and Greater Noida. The FY27 sales guidance remains at INR 11,200 crores. Key priorities for the remainder of the year include executing planned launches, sustaining collections, timely home deliveries, and enhancing capital efficiency.
New Market Entries and Project Developments
The company is strategically expanding its presence, with new acquisitions in the NCR market and a project in Goregaon, Mumbai. The NCR entry targets the Noida market, with a potential launch by the end of Q4 FY27 or early Q1 FY28. The Goregaon project is expected to launch within 8 to 10 months. The company is also focusing on joint development agreements and redevelopment opportunities, particularly in Mumbai, to leverage capital efficiently.
Commercial Portfolio Growth
Puravankara is also focused on its commercial portfolio, with assets like Purva Aerocity nearing completion and the new Hebbal project in Bangalore set for annuity income. The company anticipates an annual rental income of approximately INR 330 crores from these two assets once they are fully leased. The estimated surplus from commercial projects is around INR 1,600 to INR 1,700 crores, based on capitalized rental income.
Source: BSE
