Puravankara FY26: Record Sales, Record Profit Growth

Puravankara Limited (NSE: PURVA | BSE: 532891) announced its results for the quarter ended March 31, 2026, and the annual results for FY26 on May 19, 2026. The numbers mark the strongest year in the company's history, with the highest-ever annual sales value of Rs 7,407 crore in FY26, up 55 per cent compared to Rs 4,783 crore in FY25.

The fourth quarter alone accounted for a disproportionate share of this growth. The company achieved the highest-ever quarterly sales value of Rs 3,547 crore for Q4FY26, up 190 per cent compared to Rs 1,225 crore in Q4FY25. In Q4FY26, the company reported an impressive PAT of Rs 111 crore, up 226% year-on-year. Total revenue for the quarter stood at Rs 1,541 crore, up 173% from Rs 564 crore in Q4FY25, while the company also recorded a 37% year-on-year increase in average realisation to Rs 11,787 per sq. ft.

For the full year, sales volume for the year stood at 7.25 msft, compared to 5.67 msft in FY25, while collections for FY26 rose 15% to Rs 4,258 crore compared to Rs 3,711 crore in FY25, and total revenue for FY26 stood at Rs 3,846 crore, up 84% from Rs 2,093 crore in the previous year. Profit after tax for the year stood at Rs 58 crore, up by 131% year-on-year.

Commenting on the results, Managing Director Ashish Puravankara said, "Our FY26 performance marks a clear transition into our next phase of growth." He added that with a strengthened pipeline and sustained collections, the company is now operating at scale.

On the business development front, Puravankara strengthened its development pipeline through a series of strategic acquisitions and joint development agreements across Bengaluru and Mumbai, with a cumulative estimated gross development value of approximately Rs 15,200 crore, marking the company's decisive entry into premium Mumbai redevelopment, anchored by the Malabar Hill and Chembur transactions. In Bengaluru, the company added land parcels across Hennur Road, Anekal Taluka, Balegere, and the KIADB Hardware Park.

Execution kept pace with sales momentum. During the year, the company completed Purva Oakshire and Purva Sound of Water in Bengaluru along with six phases across existing projects, resulting in the highest-ever total completed area of 4.53 msft, and handed over 3,747 units in FY26. On the launch side, the company launched three new projects in FY26 — Purva Silversky and Purva Northern Lights in Bengaluru, and Purva Estrella in Mumbai.

Looking ahead, the developer has set an aggressive growth target. It plans to launch 30 projects over the next 24 months, largely in South India and Mumbai, covering 51.14 million square feet and over Rs 55,000 crore in potential value, with sales guidance for FY 2026-27 projected at Rs 11,200 crore across the Southern and Western regions. On the balance sheet side, net debt stood at Rs 2,321 crore, down by Rs 160 crore in Q4 FY26, with the net debt-to-equity ratio at 1.31.

For homebuyers, it's worth noting why reported annual profit (Rs 58 crore) looks modest next to record sales bookings (Rs 7,407 crore). Under Ind AS 115 accounting norms, revenue and profit from residential projects are recognised only when homes are handed over, not when they are sold, so there is usually a lag between sales performance and reported earnings. In practice, this means today's strong bookings at Puravankara's active projects — including Purva Northern Lights in North Bengaluru, Purva Silversky in Electronic City, and Purva Estrella in Mumbai — will show up as reported revenue and profit only as these projects near completion and handover over the next few years.