Realty firm Puravankara Ltd has delivered a remarkable financial turnaround in the second quarter, reporting a consolidated net profit of ₹83.74 crore for the quarter ended September, compared to a net loss of ₹42.99 crore in the corresponding period of the previous year. According to latest reports, the company's total income surged to ₹1,051.02 crore in Q2 FY27, up from ₹662.73 crore in the same quarter last year, demonstrating significant operational improvement. The company's Q2 consolidated revenue increased year-on-year, with the net profit including a significant ₹148.83 crore gain from selling a subsidiary, as reported in the company's interim report for November 3, 2026. The company achieved an impressive 58.6% rise in total income, with sales value soaring by 109% to ₹2,762 crore, fueled by higher handovers and persistent demand.
The company's sales momentum was exceptional during Q2 FY27, with sales volume rising 59% to 2.38 million sq ft and units sold increasing 12% to 1,403. Average sales realisation increased significantly by 32% year-on-year to ₹11,607 per sq ft. Customer collections surged 24% to ₹1,301 crore, highlighting robust market performance. During the quarter, Puravankara handed over 977 units covering 0.97 million sq ft, compared with 663 units covering 0.67 million sq ft in Q2 FY26. The company completed 0.41 million sq ft across two towers at One Park Avenue (Panorama) in Mumbai during the quarter.
The company's sales performance reached new heights with sales value growing 62% to ₹2,136 crore in Q2 FY27, demonstrating exceptional market traction. This substantial increase reflects the company's strong execution capabilities and robust demand across its project portfolio. The company's expansion strategy continues to yield results, with Puravankara adding projects with a combined potential gross development value of approximately ₹8,900 crore across Bengaluru, Mumbai and Greater Noida, taking the total potential GDV added during H1 FY27 to approximately ₹14,100 crore across seven transactions. In September, the company entered the Delhi-NCR market with a 13.44-acre land parcel in Greater Noida having an estimated GDV potential of ₹5,200 crore.
The company has made significant progress in debt management, with gross debt standing at ₹3,763 crore as of September 30, 2026, declining by ₹180 crore during the quarter. Net debt declined by ₹470 crore sequentially to ₹2,366 crore from ₹2,836 crore as of June 30, 2026. The net debt-to-equity ratio improved to 1.26 from 1.57. The substantial reduction in debt levels, combined with strong operational performance, positions Puravankara well for continued growth and future expansion plans across its key markets.
