Puravankara Limited announced a robust performance for the second quarter of FY27 (Q2FY27), with total revenue soaring 59% year-on-year to ₹1,051 crore. The company achieved a Profit After Tax (PAT) of ₹82 crore, a significant turnaround from a loss of ₹42 crore in Q2FY26. This growth was driven by a 109% increase in sales to ₹2,762 crore and strategic GDV additions across key markets.
Puravankara Posts Strong Q2FY27 Results
Puravankara Limited has reported a substantial increase in its financial performance for the quarter ended September 30, 2026 (Q2FY27). The real estate developer’s total revenue surged by 59% to ₹1,051 crore, compared to ₹663 crore in the same period last year. This impressive top-line growth was complemented by a significant improvement in profitability, with the company posting a Profit After Tax (PAT) of ₹82 crore, a notable turnaround from a loss of ₹42 crore recorded in Q2FY26.
Sales and Collections Momentum
The company’s pre-sales performance was equally strong, with quarterly pre-sales reaching ₹2,762 crore, up 109% year-on-year. This was achieved on a sales volume of 2.38 million square feet. The average realization per square foot saw an increase of 32% to ₹11,607, while customer collections grew by 24% year-on-year to ₹1,301 crore.
H1FY27 Performance and Strategic Initiatives
For the first half of FY27 (H1FY27), Puravankara’s total revenue increased by 60% to ₹1,928 crore, with PAT standing at ₹107 crore, compared to a loss of ₹111 crore in H1FY26. During this period, residential and commercial sales amounted to ₹3,575 crore. The company also completed the divestment of approximately 5.46 lakh sq. ft. of commercial office space for ₹625.94 crore, bringing the overall achievement to ₹4,200.94 crore.
Ashish Puravankara, Managing Director, highlighted the company’s focus on execution, revenue conversion, and strengthening cash generation. He also noted the addition of ₹14,100 crore of potential GDV across Bengaluru, Mumbai, and Greater Noida during the first half, indicating a strategic expansion into new markets like Delhi-NCR.
Key Highlights for Q2FY27
- Total area sold: 2.38 msft, up 59% year-on-year
- Total sales value: ₹2,762 crore, up 109% year-on-year
- Average sales realisation: ₹11,607 psft, up 32% year-on-year
- Collections: ₹1,301 crore, up 24% year-on-year
- Total revenue: ₹1,051 crore, up 59% year-on-year
- Profit after tax: ₹82 crore, against a loss of ₹42 crore in Q2FY26
- EBITDA margin: 27% compared to 18% in Q2FY26
Source: BSE
