Revenue from operations declined 20.3% to ₹524.4 crore compared to ₹658.3 crore year-on-year (YoY).
The company reported sales of ₹1,124 crore in the April-June quarter, a 6% YoY increase, on a sales volume of 1.25 million square feet. The average realisation rose 9% to ₹8,988 per square feet, while collections stood at ₹857 crore during the quarter.
Also Read: Puravankara eyes major launches in FY26 first-half as delayed projects get green light
On operations, the company sold 1.25 million square feet in total area, translating to a sales value of ₹1,124 crore. Average sales realisation came in at ₹8,988 per square feet, with consolidated collections reaching ₹857 crore in the quarter.
In terms of possession, regulatory changes such as the e-khata process affected handover and revenue recognition timelines. However, the company remains on track to deliver over 4,500 units in FY26. Out of the planned handovers, 3.65 million square feet (3,015 units) have been completed and received occupancy certificates, but are awaiting e-khata issuance for handover.
During Q1FY26, Puravankara handed over 667 units covering 0.68 million square feet, generating ₹539 crore in revenue.
As of June 30, 2025, the total estimated surplus from all completed and ongoing projects stood at ₹7,915 crore. The estimated surplus from commercial projects was ₹1,934 crore, while pipeline projects were projected to generate ₹5,578 crore. The overall estimated surplus across all categories exceeded ₹15,427 crore. The surplus calculation excludes sales and marketing costs, corporate overheads, income tax, and future debt repayment.
Also Read: Puravankara to redevelop eight societies in Mumbai with revenue potential of ₹2,100 crore
Launches & projects
The company’s launch schedule was temporarily impacted by changes in bylaws and regulatory processes. With the revised bylaws now in place, Puravankara expects to launch 12.32 million square feet as per its planned timeline. In Q1FY26, it launched 1.16 million square feet across various phases of ongoing projects.
In business development, Puravankara was selected as the preferred developer for eight redevelopment housing societies in Chembur, Mumbai, with a gross development value (GDV) of over ₹2,100 crore. It also entered a joint venture for a 24.59-acre land parcel near Bengaluru International Airport, with a GDV of over ₹3,300 crore, and signed a joint development agreement for a 5.5-acre parcel in Balegere, east Bengaluru, with a GDV of over ₹1,000 crore.
On the debt front, the company reduced its weighted average cost of debt to 11.35% as of June 30, 2025, from the previous quarter. Net debt stood at ₹2,825 crore, with a net debt-to-equity ratio of 1.68 for Q1FY26.
The results came after the close of the market hours. Shares of Puravankara Ltd ended at ₹266.50, down by ₹5.70 or 2.09%, on the BSE today (August 8).
Also Read: Puravankara net loss widens to ₹88 cr in Q4 as revenue falls 41%; FY25 pre-sales cross ₹5,000 crore
