Puravankara Limited reported a landmark FY26, achieving its highest-ever annual presales of INR 7,407 crore, a 55% year-on-year increase. The company’s Q4 performance was equally impressive, with presales hitting INR 3,547 crore, up 190% year-on-year. Supported by robust demand in premium housing and strong commercial leasing, the company has provided a positive guidance of INR 11,200 crore in presales for FY26-27 while maintaining a clear strategy for debt reduction and business expansion.
Record Financial and Operational Performance
Puravankara Limited delivered a landmark financial year, characterized by significant growth across all key metrics. For the quarter ended March 31, 2026, total income surged to INR 1,541 crore, marking a 173% year-on-year increase. The company successfully turned around its profitability, reporting a profit after tax of INR 111 crore for the quarter, compared to a loss in the previous year. This performance was underpinned by an EBITDA margin of 22% and a record-breaking annual presales figure of INR 7,407 crore.
Robust Sales and Execution
The company’s residential segment saw massive traction, with sales volume in Q4 FY26 reaching 3.01 million square feet. Average realization improved by 37% year-on-year to INR 11,787 per square foot, reflecting a strong shift in buyer preference toward premium and large-scale lifestyle developments. Execution remained a priority, with 1,301 homes handed over during the quarter, bringing total annual handovers to 3,747 units.
Strategic Growth and Business Development
During the fiscal year, Puravankara significantly strengthened its long-term growth pipeline by adding six new projects with a combined potential of over 12 million square feet and an estimated gross development value of INR 15,200 crore. Key additions include major redevelopment opportunities in Chembur and Malabar Hills, as well as new joint development projects in Bengaluru. These initiatives underscore the company’s ability to quickly operationalize and monetize new business opportunities.
Commercial Portfolio and Future Outlook
The commercial real estate segment is witnessing significant momentum, with the company’s assets, including Zentech and AeroCity, experiencing strong interest from Grade A companies and global capacity centers. Looking ahead, Puravankara is targeting INR 11,200 crore in presales for FY26-27. The company remains committed to disciplined capital management, aiming for a debt reduction of approximately INR 750 crore in the coming year, while also exploring high-growth verticals like data centers and warehousing.
Source: BSE
