Puravankara Limited announced a robust start to FY27, with its Q1FY27 revenue soaring by 63% year-on-year to ₹877 crore. The company returned to profitability, reporting a Profit After Tax (PAT) of ₹25 crore, a significant improvement from a loss of ₹69 crore in the same quarter last year. Pre-sales also saw a healthy increase of 28% to ₹1,439 crore, driven by improved realisations and disciplined execution across its portfolio.
Puravankara Reports Strong Q1 FY27 Performance
Puravankara Limited has posted a strong performance for the first quarter of Fiscal Year 2027 (Q1FY27), marked by a substantial 63% increase in total revenue, reaching ₹877 crore compared to ₹539 crore in Q1FY26. The real estate developer also achieved a Profit After Tax (PAT) of ₹25 crore, a significant turnaround from a loss of ₹69 crore reported in the prior-year period. This positive financial outcome reflects improved realisations and disciplined operational execution across its residential and commercial projects.
Key Financial and Operational Highlights
During Q1FY27, the company’s EBITDA margin expanded to 25% from 15% in Q1FY26. The company handed over 745 homes, covering 0.94 million sq. ft., showing sustained execution momentum. Operating inflows for the quarter stood at ₹1,423 crore, resulting in an operating surplus of ₹345 crore. The company also reported a pre-sales value of ₹1,439 crore, an increase of 28% year-on-year, on a sales volume of 1.36 million sq. ft. across 1,017 units. Average sales realisation rose by 18% to ₹10,589 per sq. ft., and customer collections grew by 40% to ₹1,199 crore.
Strategic Growth Initiatives
Commenting on the results, Ashish Puravankara, Managing Director, Puravankara Limited, highlighted the strengthening operating performance and improved margins. The company continues to focus on growth with disciplined capital allocation, adding 5,200 crore of Gross Development Value (GDV) through four land transactions in Bengaluru during the quarter. The company also announced a definitive agreement for the sale of a commercial property in Bengaluru for an enterprise value of ₹625.94 crore.
Project Pipeline and Future Outlook
Puravankara has a launch pipeline of 20.48 msft across Southern and Western markets, with an approximate GDV of ₹27,300 crore. The estimated future cash flow potential from new launches is around ₹8,636 crore. As of June 30, 2026, the company has a total land bank of ~38 msft, and ongoing projects add up to 35.14 msft. The projected cash flows indicate an overall estimated surplus of ₹19,831 crore over the next three to five years.
Debt Position
Gross debt stood at ₹3,942 crore as of June 30, 2026, reduced by ₹74 crore during the quarter. Net debt stood at ₹2,836 crore, with a net debt-to-equity ratio of 1.57 for Q1FY27. The cost of debt was 11.12%.
Source: BSE
