Puravankara reports a significant profit turnaround in Q1 FY27, bolstered by a 28% rise in pre-sales, expanded land holdings, and improved operational margins, signalling a robust recovery and growth trajectory.
Puravankara Limited has reported a sharp turnaround in the first quarter of FY27, with profit after tax rising to ₹25 crore from a loss of ₹69 crore a year earlier, as stronger realisations, higher collections and steady handovers lifted performance. The Bengaluru-based developer said revenue for the quarter climbed 63% year on year to ₹877 crore, while EBITDA margin widened to 25% from 15%, reflecting improved operating efficiency. According to the company, it handed over 745 homes covering 0.94 million square feet during the quarter, up from 667 units in the same period last year.
The growth was underpinned by firmer sales momentum. Puravankara said pre-sales rose 28% to ₹1,439 crore, supported by sales of 1.36 million square feet across 1,017 units. Average realisation improved 18% to ₹10,589 per square foot, while customer collections increased 40% to ₹1,199 crore, the highest first-quarter level in three years, according to the company’s results and reporting from Business Standard and The Economic Times. The company also recorded an operating surplus of ₹345 crore for the quarter, with inflows of ₹1,423 crore against outflows of ₹1,078 crore.
Puravankara also expanded its land bank during the quarter, adding about ₹5,200 crore of gross development value through four transactions in Bengaluru, including outright purchases and joint development agreements. The company said these deals span roughly 41.93 acres and carry a potential development area of about 4.23 million square feet. It also signed a definitive agreement to sell its commercial asset, Purva Zentech, to ICICI Prudential AMC for ₹625.94 crore, a move the company says supports capital efficiency.
Management said the business still has room for earnings to improve as more completed projects are handed over. As of 30 June 2026, Puravankara said 2,777 completed units remained pending revenue recognition. It also pointed to an estimated surplus of ₹19,831 crore over the next three to five years and reiterated its FY27 sales guidance of ₹11,200 crore. The company’s launch pipeline covers 20.48 million square feet across southern and western markets, with most of it concentrated in Bengaluru and Mumbai, according to the company and coverage from The Economic Times and Business Standard.
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