The company, in its exchange filing, said it had a strong start to FY27, supported by improved realisations and disciplined execution across its residential and commercial portfolio.
Puravankara reported a consolidated Profit After Tax (PAT) of Rs 25 crore in Q1FY27, compared with a loss of Rs 69 crore in the year-ago quarter. EBITDA margin also improved sharply to 25% from 15% in Q1FY26.
Also Read |Listed developers eye Rs 1.82 lakh crore pre-sales in FY27 as housing demand holds firm: Report
Total revenue for Q1FY27 stood at Rs 877 crore, up 63% YoY from Rs 539 crore in Q1FY26. Operating inflows for the quarter stood at Rs 1,423 crore, against operating outflows of Rs 1,078 crore, resulting in an operating surplus of Rs 345 crore.
The net debt stood at Rs 2,836 crore, with a net debt-to-equity ratio of 1.57 for Q1FY27 and the cost of debt stood at 11.12% as of June 30, 2026.
The company completed 1.72 msft across ten towers and phases during the quarter: 1.00 msft in Goa (Provident Adora De Goa, Phases VIII to XI), 0.51 msft in Pune (Emerald Bay Towers B-2 and B-3, and Purva Aspire) and 0.21 msft in Mumbai (Purva Clermont, Wings A, D and E).
As of June 30, 2026, the total estimated surplus from ongoing projects stands at Rs 8,976 crore. The estimated surplus from commercial projects is Rs 2,220 crore. The estimated surplus from pipeline projects is Rs 8,636 crore. The overall estimated surplus across all categories stands at Rs 19,831 crore over the next three to five years.
In Q1FY27, Puravankara announced four land transactions in Bengaluru spanning approximately 41.93 acres, with a cumulative development potential of around 4.23 msft - Mandur, Doddagubbi, Sarjapura and Sanna Ammanikere.
The company has 20.48 msft of planned launches across the Southern and Western markets, with an approximate GDV of Rs 27,300 crore, with the majority of the pipeline concentrated in Bengaluru and Mumbai. The estimated future cash flow potential from total new launches (excluding new phases) is around Rs 8,636 crore. The pipeline is supported by a redevelopment portfolio of five projects in Mumbai, representing 2.23 msft of saleable area on the company's share.
Also Read |Realty developer Puravankara acquires 9.73-acre land parcel in north Bengaluru
According to the filing, Purva Zentech, Bengaluru entered into a definitive agreement with ICICI Prudential AMC for the sale of the commercial property at an enterprise value of Rs 625.94 crore. Of the total consideration, Rs 145 crore will be received through the sale of shares of the SPV, while the balance will be realised through agreed balance sheet adjustments in accordance with the transaction structure.
In the past one month, the stock went up 1.09% and nearly 4.25% in the past one year. The stock went up 41.35% in the last three years.
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