Puravankara's 2026 Growth Story

Puravankara Limited has closed FY26 as one of its strongest years on record, and the momentum has carried straight into the new fiscal. The Bengaluru-headquartered developer reported record FY26 sales of ₹7,407 crore and turned profitable with ₹56.75 crore net profit, driven by strong pre-sales growth and project deliveries. This marked a sharp turnaround from a net loss of ₹182.92 crore in FY25, with the improvement attributed to an expanded EBITDA margin, which rose to 17.22% from 5.25% in FY25, reflecting enhanced scale, higher-value project completions, and effective operational leverage.

The fourth quarter of FY26 was a standout, with the company posting its highest-ever quarterly sales of ₹3,547 crore in Q4 FY26, up 190% from ₹1,225 crore a year ago, helping the company exceed its own annual sales guidance by 23%. Sales volume for the full year touched 7.25 million sq. ft., up 28% from the previous year, while customer collections rose a healthy 15% to ₹4,258 crore, strengthening the balance sheet heading into FY27.

That strength has continued into the current fiscal. For the April-June 2026 quarter (Q1 FY27), Puravankara reported a 28 per cent growth in sales bookings to Rs 1,439 crore for the first quarter of this fiscal on better volumes as well as average price realisation, with collections rising 40 per cent year-on-year to Rs 1,199 crore. Sales area rose 9 per cent to 1.36 million square feet, and average price realisation increased 18 per cent year-on-year to Rs 10,589 per sq ft. During the quarter, the company handed over 0.94 million sq ft, delivering 745 homes. Managing Director Ashish Puravankara said the company remains firmly on track to achieve its 2026-27 sales guidance of Rs 11,200 crore across the Southern and Western regions.

On the financial side, Q1 FY27 also marked a clean turnaround: the company reported a consolidated net profit of Rs 25.23 crore for the quarter ended June 2026, swinging back from a net loss of Rs 68.55 crore in the same quarter last year, with revenue from operations rising 61.8% to Rs 848.72 crore and EBITDA margin lifting to 22.27% from 12.79%. Analysts note this jump partly reflects the lumpy nature of real estate revenue recognition, which is tied to project handovers rather than steady quarterly cadence.

As of March 31, 2026, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company is not resting on its delivery record — management has confirmed a launch pipeline of 21.02 million sq ft over the next 12 to 15 months, with a projected surplus over the next 3 to 5 years standing at ₹19,290 crore. During FY26, the company strengthened its development pipeline through acquisitions and joint development agreements across Bengaluru and Mumbai, with cumulative estimated gross development value standing at approximately ₹15,200 crore.

Among recent launches, Purva Northern Lights in KIADB Aerospace Park along North Bangalore's airport corridor has drawn early attention. The project covers 24.59 acres across 8 high-rise towers and 3 phases, offering 2,973 apartments in 1, 2, 3, and 4 BHK layouts, with RERA approval for Phase 1 received on 12 March 2026 and possession scheduled for 31 December 2029. On the redevelopment front, the company is also building momentum in Mumbai, having been recently selected as preferred developer to redevelop eight housing societies in Chembur, unlocking a GDV potential of over Rs 2,100 crore, alongside a joint development agreement for a 5.5-acre land parcel in East Bengaluru with a GDV potential of over Rs 1,000 crore.

For homebuyers, the combination of a record delivery track record, improving balance sheet health, and an active launch calendar makes this a period worth watching. With guidance for FY27 sales set at Rs 11,200 crore and a fresh pipeline of nearly 21 million sq ft in the works, Puravankara's 2026 growth trajectory offers both new inventory choices and a degree of financial reassurance for buyers evaluating under-construction and upcoming projects across Bengaluru, Mumbai, Chennai, and other key markets.