Puravankara Reports 28% Revenue Growth in Q2 FY26 at Rs 663 Crore

12 Nov 2025 CW Team

For Q2 FY26, the company achieved total revenue of Rs 6630 billion, marking a 28 per cent year-on-year increase. Sales stood at Rs 13.22 billion, up 4 per cent year-on-year, with a sales volume of 1.5 million sq ft. Average realisation improved by 7 per cent to Rs 88.14 per sq ft, while customer collections grew 8 per cent to Rs 10.47 billion during the quarter.

Despite the robust operational performance, the company reported a net loss of Rs 420 million for the quarter, largely on account of project expenditure and expansion-related costs.

In the first half of FY26, Puravankara strengthened its business pipeline with new acquisitions amounting to Rs 91 billion in Gross Development Value (GDV). The developer continues to focus on expanding its footprint in key housing markets through strategic land acquisitions and disciplined capital management.

Ashish Puravankara, Managing Director, Puravankara Limited, said, “In Q2FY26, we sustained strong growth momentum driven entirely by sustenance sales, achieving pre-sales of Rs 13.22 billion and collections of Rs 10.47 billion, both increasing year on year. In the first half of the year, we strengthened our development pipeline by adding over 6.36 million sq. ft. of potential developable area with an estimated GDV of Rs 91 billion. This includes two marquee redevelopment projects in Mumbai at Chembur and Malabar Hill, and strategic partnerships in North and East Bengaluru, reflecting our focus on expanding in high-demand micro-markets through disciplined capital allocation.

With regulatory clarity now in place following the recent bye-law revisions, we are poised to accelerate our launch pipeline of 12.67 million sq. ft over the next 3 quarters, including a landmark project in Bengaluru spanning 3.48 million sq. ft at KIADB Hardware Park and a redevelopment project in Andheri Lokhandwala, both scheduled for launch in January 2026. Most of our upcoming projects are in the final stages of approval, positioning us well to deliver on our growth plans. While handovers and sales in the first half were marginally impacted by regulatory transitions such as e-Khata implementation and bye-law changes, we remain confident of achieving our targeted handovers in the next two quarters through focused execution and strong operational preparedness.”

Puravankara Limited, one of India’s leading and most trusted real estate developers, announced its financial results for the second quarter and half-year ended 30 September 2025, reporting strong operational performance and a growing development pipeline.For Q2 FY26, the company achieved total revenue of Rs 6630 billion, marking a 28 per cent year-on-year increase. Sales stood at Rs 13.22 billion, up 4 per cent year-on-year, with a sales volume of 1.5 million sq ft. Average realisation improved by 7 per cent to Rs 88.14 per sq ft, while customer collections grew 8 per cent to Rs 10.47 billion during the quarter.Despite the robust operational performance, the company reported a net loss of Rs 420 million for the quarter, largely on account of project expenditure and expansion-related costs.In the first half of FY26, Puravankara strengthened its business pipeline with new acquisitions amounting to Rs 91 billion in Gross Development Value (GDV). The developer continues to focus on expanding its footprint in key housing markets through strategic land acquisitions and disciplined capital management.Ashish Puravankara, Managing Director, Puravankara Limited, said, “In Q2FY26, we sustained strong growth momentum driven entirely by sustenance sales, achieving pre-sales of Rs 13.22 billion and collections of Rs 10.47 billion, both increasing year on year. In the first half of the year, we strengthened our development pipeline by adding over 6.36 million sq. ft. of potential developable area with an estimated GDV of Rs 91 billion. This includes two marquee redevelopment projects in Mumbai at Chembur and Malabar Hill, and strategic partnerships in North and East Bengaluru, reflecting our focus on expanding in high-demand micro-markets through disciplined capital allocation. With regulatory clarity now in place following the recent bye-law revisions, we are poised to accelerate our launch pipeline of 12.67 million sq. ft over the next 3 quarters, including a landmark project in Bengaluru spanning 3.48 million sq. ft at KIADB Hardware Park and a redevelopment project in Andheri Lokhandwala, both scheduled for launch in January 2026. Most of our upcoming projects are in the final stages of approval, positioning us well to deliver on our growth plans. While handovers and sales in the first half were marginally impacted by regulatory transitions such as e-Khata implementation and bye-law changes, we remain confident of achieving our targeted handovers in the next two quarters through focused execution and strong operational preparedness.”

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