Puravankara Limited closed FY26 on a high note, reporting its best-ever quarterly and annual performance while simultaneously deepening its footprint in Bengaluru through a string of land acquisitions. The company announced its results for the quarter ended March 31, 2026, and the annual results for FY26 on May 19, 2026, giving homebuyers and investors a clear picture of the developer's momentum heading into FY27.
The headline number for the quarter is sales. Sales stood at ₹3,547 crore, the highest-ever in any quarter, up from ₹1,225 crore in the corresponding quarter last year, reflecting growth of 190%. Sales volume for the quarter was 3.01 msft, while customer collections stood at ₹1,213 crore, up 36% from ₹892 crore in Q4FY25. The company also recorded a 37% year-on-year increase in average realisation to ₹11,787 per sq. ft. On profitability, the company reported an impressive PAT of ₹111 crore, up 226% year-on-year, a sharp turnaround from the loss reported in the same quarter of the previous year.
For the full year, the numbers were equally strong. For FY26, Puravankara reported its highest-ever annual sales of ₹7,407 crore, a 55% increase year-on-year from ₹4,783 crore in FY25. Sales volume for the year stood at 7.25 msft, compared to 5.67 msft in FY25. On the delivery side, during the quarter, Puravankara handed over 1,301 homes totalling 1.67 msft, bringing the cumulative handover for FY26 to 3,747 homes or 4.25 msft. As of March 31, 2026, net debt stood at ₹2,321 crore, down Rs 160 crore during the quarter, with the net debt-to-equity ratio at 1.31, indicating a comfortable balance sheet even as the company scales up.
Alongside the financial results, Puravankara used the quarter to significantly widen its Bengaluru land bank. During FY26 the company added parcels across several eastern and northern Bengaluru corridors. In May 2026, Puravankara secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around Rs. 2,300 crore, of which 7.92 acres is part of a joint development agreement while 6.65 acres has been purchased outright, with a total saleable area of approximately 1.8 msft. This came shortly after a larger move in Anekal Taluk, where Puravankara acquired a 53.5-acre land parcel with a potential gross development value of over Rs 4,800 crore. The developer followed up in June 2026 with a smaller but strategically located buy: a 9.73-acre land parcel in North Bengaluru with an estimated GDV of ₹800 crore, at Sanna Ammanikere in the Devanahalli growth corridor.
Taken together, these moves have pushed Puravankara's Bengaluru presence to a new scale. During FY26, Puravankara strengthened its development pipeline in Bengaluru through outright acquisitions and JDAs at Hennur Road, Anekal Taluk, Balagere East Bengaluru and KIADB Hardware Park with a cumulative estimated GDV of approximately Rs. 10,400 crore. With the latest acquisition, the company's total land bank in terms of developable area in Bengaluru stands at 25.61 million sq ft. At a company-wide level, as of March 31, 2026, the company had completed 95 projects covering around 57 million square feet across nine cities, with a land bank of approximately 40 million square feet and ongoing projects accounting for about 36.69 million square feet.
Bengaluru isn't the only market seeing expansion. Puravankara has also been building a redevelopment pipeline in Mumbai. The company acquired redevelopment rights for a prime residential society in Malabar Hill through its wholly owned subsidiary, taking its Mumbai redevelopment portfolio to 4.25 million square feet with a potential GDV of Rs 10,500 crore, following an earlier selection in July 2025 as the preferred developer for eight residential society redevelopments in Chembur, with a combined development potential of 1.2 million square feet and an estimated GDV of Rs 2,100 crore.
Management sounded confident about the road ahead. Ashish Puravankara, Managing Director, said Q4FY26 was a staggering quarter for Puravankara as it recorded its highest-ever sales, a 37% increase in average realisation and PAT of ₹111 crore. Looking forward, with a potential projected surplus of Rs 19,290 crore over the next 3-5 years and a 21.02 msft launch pipeline over 12-15 months, sales guidance for FY 2026-27 is projected at Rs 11,200 crore across the southern and western regions.
For homebuyers, the takeaway is straightforward: Puravankara is entering FY27 with a fuller launch pipeline concentrated in Bengaluru's fast-growing eastern (Whitefield-Kadugodi, Mandur-Budigere) and northern (Devanahalli, Hennur Road) corridors, alongside its already-active KIADB Aerospace Park project, Purva Northern Lights. Rising sales realisations and a stronger balance sheet suggest continued investment in construction pace and project quality across these upcoming launches.
