Puravankara Limited said its wholly owned subsidiary, Starworth Infrastructure & Construction Ltd (SICL), has received a Letter of Acceptance valued at Rs 5.10 billion for a major construction project in Bengaluru.

The LoA has been awarded by One Bangalore Luxury Projects LLP and covers turnkey civil works, finishes, mechanical, electrical and plumbing services, as well as external development for Varnam Phase 1 of the One Bangalore Luxury Project in Devanahalli, Bengaluru Rural district. The contract is scheduled to be executed over a period of 36 months.

The new order strengthens Puravankara’s project pipeline amid a mixed financial performance. In the second quarter of FY26, the company reported a net loss of Rs 0.42 billion, compared with a loss of Rs 0.17 billion in the same period last year. Revenue rose 29.9 per cent year on year to Rs 6.44 billion, while EBITDA declined 7.3 per cent to Rs 1.04 billion. EBITDA margin narrowed to 16.2 per cent from 22.7 per cent a year earlier.

During Q2 FY26, Puravankara recorded sales of Rs 13.22 billion, up 4 per cent year on year, with volumes of 1.5 million square feet and a 7 per cent increase in average realisation to Rs 8,814 per square foot. For the first half of FY26, total sales stood at Rs 24.45 billion across 2.75 million square feet.

Ahead of the announcement, Puravankara shares closed at Rs 244.90 on the NSE, up 2.74 per cent.