Puravankara Q3 FY26 Update

Bengaluru-headquartered developer Puravankara Limited has posted a strong operational performance for the third quarter of FY26, signalling renewed momentum in India's residential real estate market. Puravankara reported Q3 FY26 pre-sales of Rs 1,414 crore, up 17 per cent year-on-year, while adding 12.76 million sq ft of developable area in nine months with a GDV of about Rs 13,900 crore. The results mark a notable turnaround for the listed developer after a challenging stretch in the first half of the fiscal year.

Pricing power also improved across the company's portfolio. The average price realisation improved by 12 per cent year-on-year to Rs 9,500 per square foot, while customer collections for the quarter grew by 22 per cent year-on-year to Rs 1,140 crore. On the profitability front, Puravankara reported a Profit After Tax of ₹58.48 crore, compared to a loss of ₹94 crore in Q3 FY25, underscoring a sharp recovery driven by improved execution, project completions and operating discipline.

Managing Director Ashish Puravankara attributed the quarter's strength to disciplined expansion. He said, "In 9M FY26, we made significant progress in expanding our portfolio. These include marquee acquisitions across Bengaluru and Mumbai, such as a 53.5-acre land parcel in Anekal Taluk, Bengaluru, large-scale partnerships in North and East Bengaluru, and redevelopment projects at Malabar Hill and Chembur. Our focus remains on disciplined execution and value creation through strategic expansion in high-demand micro-markets."

Delivery execution kept pace with sales momentum. In Q3 FY26, the developer handed over 1.23 million square feet, delivering 1,116 homes, taking the cumulative handover for 9M FY26 to 2.58 million square feet, comprising 2,446 homes. New supply also entered the market during the quarter, with the company launching Purva Silversky, a premium 356-unit residential project in Hebbagodi, Electronic City, in South Bengaluru.

The growth trajectory continued into the following quarter. Puravankara's Q4 FY26 results, announced in May 2026, showed the momentum accelerating further, with the company recording its highest-ever quarterly PAT of ₹111 crore, up 226% year-on-year, and sales of ₹3,547 crore - the highest-ever in any quarter. This pushed full-year FY26 sales to the highest-ever annual sales of ₹7,407 crore, a 55% increase year-on-year from ₹4,783 crore.

Looking ahead, the developer has laid out an ambitious South India and Mumbai growth roadmap. Puravankara announced an ambitious expansion plan to launch 30 projects over the next 24 months, primarily across South India and Mumbai, comprising around 51.14 million sq ft of developable area with an estimated GDV of over Rs 55,000 crore. Management indicated that a large portion of these projects are already in the approval stage, while the rest are in the design phase.

For FY27, the company has issued clear guidance. Sales guidance for FY 2026–27 is projected at ₹11,200 crore across the Southern and Western regions, backed by a 21.02 msft launch pipeline over 12-15 months. For homebuyers, this translates into a steady stream of new launches across Bengaluru's growth corridors — including North Bengaluru's KIADB Aerospace Park and South Bengaluru's Electronic City belt — alongside redevelopment opportunities in Mumbai's Malabar Hill and Chembur micro-markets.

The combination of record collections, improving realisations, and an expanding land bank positions Puravankara among the more active developers in South India's residential upcycle. Homebuyers evaluating projects from the group can expect continued new-launch activity through the rest of calendar year 2026, particularly in Bengaluru's IT-linked micro-markets where the company holds a substantial land bank.