The real estate developer Puravankara delivered a robust financial turnaround in Q1FY27, reporting a consolidated Profit After Tax (PAT) of ₹25 crore compared to a net loss of ₹69 crore in the corresponding period last year. According to the latest financial results, revenue from operations increased 63% year-on-year to ₹877 crore in the quarter ended June 30, 2026, up from ₹539 crore in Q1FY26. The company's EBITDA margin expanded significantly to 25% from 15% in the year-ago period, demonstrating improved operational efficiency. The company's average sales realisation was recorded at ₹10,589 per square foot, up 18% year-on-year, while customer collections grew 40% YoY to ₹1,199 crore, marking the company's highest first-quarter collections in three years. Puravankara's pre-sales for the quarter reached ₹1,439 crore, up 28% year-on-year on sales volume of 1.36 million square feet across 1,017 units, reflecting strong market demand and disciplined execution across its residential and commercial portfolio.
The company's operational metrics showed strong momentum with operating inflows of ₹1,423 crore against operating outflows of ₹1,078 crore, resulting in an operating surplus of ₹345 crore during the quarter. As reported by The Economic Times, the performance was backed by improving realisations and disciplined execution across the residential and commercial portfolio. The company handed over 745 homes covering 0.94 million square feet during the quarter, up from 667 units in Q1FY26, sustaining the execution momentum built through FY26. The company completed 1.72 million square feet across ten towers and phases during the quarter, with 1.00 million square feet in Goa, 0.51 million square feet in Pune, and 0.21 million square feet in Mumbai. The gross debt stood at ₹3,942 crore as of June 30, 2026, reduced by ₹74 crore during the quarter, while the net debt stood at ₹2,836 crore with a net debt-to-equity ratio of 1.57 times and cost of debt at 11.12%.
Looking ahead, Puravankara remains focused on delivering its FY27 sales guidance of ₹11,200 crore with an estimated surplus of ₹19,831 crore over the next 3-5 years. The company entered into a definitive agreement with ICICI Prudential AMC for the sale of its commercial property Purva Zentech in Bengaluru at an enterprise value of ₹625.94 crore, with ₹145 crore to be received through share sale and balance through balance sheet adjustments. As of June 30, 2026, 3.20 million square feet of completed inventory (2,777 units) is pending revenue recognition, while the total estimated surplus from ongoing projects stands at ₹8,976 crore, with ₹2,220 crore from commercial projects and ₹8,636 crore from pipeline projects. The company completed four land transactions in Bengaluru spanning approximately 41.93 acres with cumulative development potential of around 4.23 million square feet across Mandur, Doddagubbi, Sarjapura and Sanna Ammanikere. Ashish Puravankara, managing director, stated that Q1FY27 reflects the continued strengthening of operating performance with healthy growth in revenue, pre-sales and collections, alongside improved margins.
Shares of Puravankara jumped 10.76% to ₹241.68 following the strong Q1FY27 results, as reported by Business Standard. The stock has shown positive momentum with a 1.09% gain in the past month and nearly 4.25% in the past year, while maintaining a 41.35% increase over the last three years. The company's net debt as of June 2026 stood at ₹2,836 crore with a net debt-to-equity ratio of 1.57 times. The pipeline is supported by a redevelopment portfolio of five projects in Mumbai, representing 2.23 million square feet of saleable area on the company's share, with the majority of the pipeline concentrated in Bengaluru and Mumbai. As of June 30, 2026, the company has completed 97 projects totaling around 59 million square feet across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
