Puravankara Ltd

The key domestic indices pared most of the gains at higher levels and traded with moderate gains in afternoon trade. The Nifty retreated from the day's high above the 24,050 mark but remained firmly above the 24,000 level. Market sentiment stayed positive following the peace agreement between the United States and Iran, which eased geopolitical concerns and supported risk appetite. However, caution prevailed due to delays in monsoon progress, which have heightened concerns over food inflation. Market participants will closely track key outcomes from the G7 Summit, along with monsoon developments, foreign institutional investor (FII) activity, and inflation trends for further directional cues. Consumer durables, PSU Bank and IT shares surged while realty, auto and FMCG shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 193.91 points or 0.26% to 76,998.28. The Nifty 50 index jumped 44.85 points or 0.19% to 24,036.45. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.36% and the BSE 250 SmallCap Index added 0.53%. The market breadth was strong. On the BSE 2,304 shares rose and 1,786 shares fell. A total of 196 shares were unchanged. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3700 compared with its close of 94.6000 during the previous trading session. In the commodities market, Brent crude for August 2026 settlement fell 52 cents or 0.66% to $78.44 a barrel. Gainers & Losers: Trent (up 5.15%), Eternal (up 1.97%), Bharat Electronics (up 1.66%), Tech Mahindra (up 1.58%) and Infosys (up 1.22%) were the major Nifty50 gainers. Tata Motors PV (down 2.78%), Cipla (down 2.02%), Bajaj Finserv (down 1.64%), Mahindra & Mahindra (down 1.32%) and Eicher Motors (down 1.10%) were the major Nifty50 losers. Monsoon Gap Raises Concerns: India's southwest monsoon has stalled after reaching Kerala, leaving the country with a rainfall deficit of 35% as of 16 June. The shortfall is most severe in central India (63%) and eastern and northeastern regions (43%), while the monsoon has yet to reach Mumbai, more than a week after its normal arrival date. The delay comes amid growing concerns over a developing El Ni'o, which typically weakens monsoon rains. The India Meteorological Department (IMD) expects the current slowdown to persist for another five to six days due to unfavorable weather conditions. In response, the Centre has placed 150-200 districts under close monitoring, asked states to prepare crop contingency plans, and warned that a weak monsoon could increase food inflation and pressure agricultural output. Despite the concerns, officials said seed, fertiliser and reservoir stocks remain adequate for now. G7 Summit: The Group of Seven (G7) is an annual forum comprising the world's leading advanced economies that discusses key global economic, security, and geopolitical issues. The 2026 G7 Summit is being hosted by France in 'vian-les-Bains from 15 to 17 June. Prime Minister Narendra Modi yesterday addressed the Outreach Session on ''Forging New Partnerships and Rebuilding International Solidarity', at the G7 Summit in Evian, France. In his intervention, Prime Minister underlined that, in an interconnected world, where energy, food, health, cyber, and economic security are intertwined, building international partnerships was a necessity for the progress and prosperity of humanity. He further added that, in an uncertain world, trade and technology were being misused for narrow interests, leading to a trust deficit in the international arena. Among the key developments being closely watched is the meeting between Indian Prime Minister Narendra Modi and U.S. President Donald Trump. Stocks in Spotlight: Infosys rose 1.36% after the company announced a strategic, long-term collaboration with Valmet, a global technology leader serving process industries. The company will deploy its AI-powered Infosys Topaz Fabric, a composable and open agentic services suite, to embed intelligence across IT operations. Under the agreement, the company will modernize Valmet's core IT services and deliver end-to-end IT transformation initiatives aimed at enhancing operational efficiency and aligning IT operations more closely with business priorities. Wipro advanced 1.26% after the company announced the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, reinforcing its commitment to accelerating enterprise AI adoption and impact. The CoE, a key initiative under the company's AI-Native Business & Platforms Unit, is aimed at scaling enterprise AI adoption and embedding AI capabilities into core business workflows across industries. Tata Capital rose 0.49%. The company said that its board of directors has approved a proposal to raise up to Rs 36,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, subject to shareholder approval. The issuance may be undertaken in one or more tranches through one or more categories of instruments, including secured or unsecured NCDs, subordinated debt, perpetual debt instruments, market-linked debentures and green bonds. Puravankara rose 1.12% after the real estate developer announced the acquisition of a 9.73-acre land parcel in North Bengaluru. The company said the land parcel is located at Sanna Ammanikere in the rapidly developing airport corridor. The project has a development potential of around 0.89 million square feet and an estimated gross development value (GDV) of Rs 800 crore. Meta Infotech hit an upper circuit of 5% after the company announced the receipt of significant renewal orders from a leading stock exchange and a private sector bank. In a regulatory filing, the company stated that it has secured a renewal order worth Rs 2.20 crore from one of India's leading stock exchanges for software subscription services. The contract covers the period from 23 June 2026 to 22 June 2027 and is scheduled to be executed within 15 days. Krishna Defence and Allied Industries rallied 5.48% after the company announced a new order from the Ministry of Defence. The company said it has received an order worth Rs 45.64 crore, for the supply of special steel products to be used in a shipbuilding project. According to the company, the order is scheduled to be executed within eight months. Prime Focus hit the 5% upper circuit after the Securities and Exchange Board of India (SEBI) closed adjudication proceedings against the company, its promoters, directors and chief financial officer. The case stemmed from SEBI's investigation into two intra-group business transfer transactions undertaken in FY20 and FY22. The regulator had alleged that the accounting treatment adopted for the transactions inflated profits and net worth, resulting in misleading financial statements. In its final order, SEBI held that the allegations were not established. The adjudicating officer noted that the accounting provisions cited in the show-cause notice applied to the acquiring entity, while Prime Focus was the transferor in the transactions. Global Market: Most European market declined as U.K. inflation held at 2.8% in May from 2.8% in April 2026. Britain's Office for National Statistics said Wednesday that transport had been the biggest contributor to rising prices in May, partially offset by falling food and non-alcoholic drink prices. The Bank of England is expected to hold interest rates at 3.75% this week. The U.K.'s May print fell below the euro zone's 3.2% reading for May, and well below the U.S. May inflation rate of 4.2%. Asia markets traded mostly lower Wednesday as traders looked ahead to the US central bank's interest rate decision. Wednesday's Federal Open Market Committee meeting marks the first one with new Chairman Kevin Warsh at the helm of the U.S. central bank. Investors are largely expecting that the Fed will keep interest rates unchanged at a target range of 3.5% to 3.75%. Meanwhile, Japan's exports in May grew at their fastest pace since November 2022, rising 17% year on year, driven by robust demand for cars and semiconductors. Growth was higher than the 16.2% figure that was widely reported in the media, and up from the 14.8% in April. Overnight on Wall Street, the Dow Jones Industrial Average rose to a record high on Tuesday as investors rotated out of chipmakers and into cyclical stocks amid declining oil prices. The 30-stock index advanced 328.64 points, or 0.64%, for a record close of 51,999.67. It scored a new all-time intraday high of 52,190.29 in the session. The S&P 500 fell 0.57% and ended at 7,511.35, while the Nasdaq Composite pulled back 1.15% to 26,376.34.Powered by Capital Market - Live

The key equity benchmarks traded with moderate gains in morning trade, supported by the peace agreement between the United States and Iran. Investor sentiment remained positive amid easing geopolitical tensions; however, caution prevailed due to delays in monsoon progress, which have heightened concerns over food inflation. Market participants will closely track key outcomes from the G7 Summit, along with monsoon developments, foreign institutional investor (FII) activity, and inflation trends for further directional cues. The Nifty traded above the 24,050 level. Consumer durables shares witnessed buying demand for fourth trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 309.73 points or 0.40% to 77,118.21. The Nifty 50 index jumped 86.95 points or 0.36% to 24,076.10. In the broader market, the BSE 150 MidCap Index gained 0.50% and the BSE 250 SmallCap Index added 0.39%. The market breadth was strong. On the BSE 2,251 shares rose and 1,429 shares fell. A total of 191 shares were unchanged. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.4350 compared with its close of 94.6000 during the previous trading session. In the commodities market, Brent crude for August 2026 settlement fell 53 cents or 0.67% to $78.43 a barrel. Buzzing Index: The Nifty Consumer Durables index jumped 2.08% to 37,213.85, extending its gaining streak to a fourth straight session. The index has gained 8.91% in the four trading days. Dixon Technologies (India) (up 5.02%), Blue Star (up 3.99%), Voltas (up 3.22%), Crompton Greaves Consumer Electricals (up 3.12%) and PG Electroplast (up 1.99%), LG Electronics India (up 1.94%), Havells India (up 1.89%), Kalyan Jewellers India (up 1.56%), Kajaria Ceramics (up 1.18%) and Titan Company (up 0.84%) surged. Monsoon Gap Raises Concerns India's southwest monsoon has stalled after reaching Kerala, leaving the country with a rainfall deficit of 35% as of 16 June. The shortfall is most severe in central India (63%) and eastern and northeastern regions (43%), while the monsoon has yet to reach Mumbai, more than a week after its normal arrival date. The delay comes amid growing concerns over a developing El Ni'o, which typically weakens monsoon rains. The India Meteorological Department (IMD) expects the current slowdown to persist for another five to six days due to unfavorable weather conditions. In response, the Centre has placed 150-200 districts under close monitoring, asked states to prepare crop contingency plans, and warned that a weak monsoon could increase food inflation and pressure agricultural output. Despite the concerns, officials said seed, fertiliser and reservoir stocks remain adequate for now. Stocks in Spotlight: Puravankara rose 2.10% after the real estate developer announced the acquisition of a 9.73-acre land parcel in North Bengaluru. The company said the land parcel is located at Sanna Ammanikere in the rapidly developing airport corridor. The project has a development potential of around 0.89 million square feet and an estimated gross development value (GDV) of Rs 800 crore. Meta Infotech hit an upper circuit of 5% after the company announced the receipt of significant renewal orders from a leading stock exchange and a private sector bank. In a regulatory filing, the company stated that it has secured a renewal order worth Rs 2.20 crore from one of India's leading stock exchanges for software subscription services. The contract covers the period from 23 June 2026 to 22 June 2027 and is scheduled to be executed within 15 days. Krishna Defence and Allied Industries rallied 4.11% after the company announced a new order from the Ministry of Defence. The company said it has received an order worth Rs 45.64 crore, for the supply of special steel products to be used in a shipbuilding project. According to the company, the order is scheduled to be executed within eight months.Powered by Capital Market - Live

Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru's fast-developing airport corridor. The outright acquisition has a development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of Rs 800 crore. The acquisition reinforces Puravankara's strategy of strengthening its presence across high-growth Bengaluru micro-markets through a balanced mix of outright purchases and capital-efficient partnerships. The upcoming residential development will cater to the growing demand for thoughtfully designed homes in well-connected urban growth corridors.

The company said the land parcel is located at Sanna Ammanikere in the rapidly developing airport corridor. The project has a development potential of around 0.89 million square feet and an estimated gross development value (GDV) of Rs 800 crore. Puravankara said the acquisition strengthens its presence in key Bengaluru micro-markets and supports its strategy of building a robust development pipeline through a mix of outright land purchases and partnerships. The proposed residential project will cater to growing demand for housing in North Bengaluru, a region benefiting from improving infrastructure and expanding commercial activity. The land parcel is situated in the Devanahalli growth corridor, with connectivity to Kempegowda International Airport and major employment hubs. The area is witnessing increased development driven by the expansion of technology, aerospace, logistics and commercial sectors. The region is also expected to benefit from infrastructure projects such as the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City. The acquisition follows a series of recent land deals and joint development agreements by Puravankara across Bengaluru, including projects on Hennur Road, Mandur and Doddagubbi. Puravankara is one of India's leading real estate developers with a presence across multiple cities and a diversified portfolio spanning residential, commercial and plotted developments. On a consolidated basis, Puravankara reported net profit of Rs 113.24 crore in Q4 March 2026 as against net loss of Rs 85.82 crore in Q4 March 2025. Net sales surged 177.33% YoY to Rs 1501.92 crore in Q4 March 2026. Powered by Capital Market - Live

The proposed residential apartment project will have an estimated gross development value (GDV) of around Rs 1,100 crore and a developable area of approximately 0.74 million sq ft. The development is part of Puravankara's ongoing expansion in Bengaluru's residential market, particularly in emerging micro-markets in North Bengaluru that have seen steady infrastructure-led demand growth. The company said the project aligns with its strategy of deepening presence in high-growth urban corridors through asset-light development models such as JDAs. Located in the rapidly evolving corridor of North Bengaluru, Doddagubbi enjoys strategic access to Hennur, Hebbal, Yelahanka, Manyata Tech Park and Kempegowda International Airport. The micromarket is supported by robust social and civic infrastructure, reputed educational institutions, leading healthcare facilities and strong connectivity via NH-44. The location has emerged as one of the city's most sought-after residential destinations with significant long-term growth potential. Ashish Puravankara, Managing Director, Puravankara, said, 'FY26 was a landmark year for us, with our highest-ever annual sales of Rs 7,407 crore, a 55% growth y-o-y, and a strengthened development pipeline across key micro-markets in Bengaluru and Mumbai. This joint development in North Bengaluru is aligned with our strategy of expanding in high-demand urban corridors through a calibrated and capital-efficient approach. As we work towards our FY27 sales guidance of Rs 11,200 crore, our focus remains on deepening our presence in markets with strong infrastructure, employment access and long-term demand visibility.' Mallanna Sasalu, CEO - South, Puravankara, added, 'Bengaluru continues to remain our largest and most important market, and is central to our launch momentum. In FY26, we launched Purva Silversky and Purva Northern Lights in the city, along with new phases across existing developments, reflecting sustained demand for well-located, high-quality residential offerings. Over the past year and through recent additions, we have strengthened our Bengaluru pipeline now representing over Rs. 13,800 crore of GDV.' The company reported a consolidated net profit of Rs 114.15 crore in Q4 FY26, compared with a net loss of Rs 85.50 crore in the corresponding quarter last year. Revenue from operations jumped 177.3% to Rs 1,501.92 crore in Q4 FY26 from Rs 541.57 crore in Q4 FY25. The Puravankara Group is involved in real estate development, with residential assets constituting most of its portfolio. It is present in both the premium and the affordable housing segments under the brandsurva and Provident, respectively. The group has major operations in Bangalore, with a considerable presence in Chennai, Kochi and Hyderabad, apart from Pune. Shares of Puravankara rose 0.27% to Rs 219.50 on the BSE. Powered by Capital Market - Live

Puravankara has secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around Rs. 2,300 crore. Out of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara. The total saleable area for the entire project will be approximately 1.8 msft.

Out of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara. The total saleable area for the entire project will be approximately 1.8 million square feet. The land parcel is located in the eastern corridor of Bengaluru near the Whitefield'Kadugodi micro-market, which is supported by infrastructure expansion and IT-led demand. Situated off the Old Madras Road, the location offers access to Whitefield, KR Puram, ITPL, the Outer Ring Road, and commercial hubs, as well as connectivity to Kempegowda International Airport. The area includes schools, healthcare facilities, gated communities, and lifestyle infrastructure, combining urban access with a residential environment. During FY26, Puravankara strengthened its development pipeline in Bengaluru through outright acquisitions and JDAs at Hennur Road, Anekal Taluk, Balagere East Bengaluru and KIADB Hardware Park with a cumulative estimated GDV of approximately Rs. 10,400 crore. Ashish Puravankara, managing director, Puravankara, said: This deal is part of our ongoing efforts to systematically add high-quality projects to our launch pipeline across strategic micro-markets. With this latest acquisition, our total landbank ' Developable area in Bengaluru stands at 25.61 million square feet.' Mallanna Sasalu, CEO - South, Puravankara, said: 'The Budigere-Mandur corridor has emerged as an important residential micro-market with significant long term potential. It benefits from the established commercial ecosystem in North - East Bengaluru, supported by social infrastructure and strong end-user demand. The site offers convenient access to major employment hubs, including several Grade-A office parks in Whitefield, making it a preferred residential destination for technology professionals and corporate employees.' The Puravankara Group is involved in real estate development, with residential assets constituting most of its portfolio. It is present in both the premium and the affordable housing segments under the brandsurva and Provident, respectively. The group has major operations in Bangalore, with a considerable presence in Chennai, Kochi and Hyderabad, apart from Pune. The scrip rose 0.91% to currently trade at Rs 227.85 on the BSE. Powered by Capital Market - Live

The LoI is for execution of civil and structural works for the Embassy Eden project in Bengaluru. The contract, awarded by a domestic entity, is an item rate contract and will be executed over a period of 34 months from the date of handing over of the site to the contractor. The total contract value stands at Rs 133.34 crore. The company further clarified that neither the promoter group nor group companies have any interest in the awarding entity and that the contract does not fall under related party transactions. The company reported a consolidated net profit of Rs 114.15 crore in Q4 FY26, compared with a net loss of Rs 85.50 crore in the corresponding quarter last year.Revenue from operations jumped 177.3% to Rs 1,501.92 crore in Q4 FY26 from Rs 541.57 crore in Q4 FY25. The Puravankara Group is involved in real estate development, with residential assets constituting most of its portfolio. It is present in both the premium and the affordable housing segments under the brandsurva and Provident, respectively. The group has major operations in Bangalore, with a considerable presence in Chennai, Kochi and Hyderabad, apart from Pune. The scrip tanked 5.09% to end at Rs 221.70. Powered by Capital Market - Live

Starworth Infrastructure & Construction (SICL) has received a Letter of Intent from M/s. Sion Eden Developers for execution of civil and structural works for Embassy Eden, Bengaluru for the contract value of Rs 133.34 crore. SICL is a wholly owned subsidiary of Puravankara.

Revenue from operations jumped 177.3% to Rs 1,501.92 crore in Q4 FY26 from Rs 541.57 crore in Q4 FY25. Profit before tax stood at Rs 144.96 crore, against a loss before tax of Rs 110.81 crore in the year-ago period. As of March 31, 2026, net debt stood at Rs 2,321 crore, down Rs 160 crore during the quarter, with the net debt-to-equity ratio at 1.31. Customer collections for Q4 FY26 rose 36% year-on-year to Rs 1,213 crore, while sales value surged 190% year-on-year to Rs 3,547 crore from Rs 1,225 crore in the corresponding quarter last year. The company also recorded a 37% year-on-year increase in average realisation to Rs 11,787 per sq. ft. The company reported an estimated surplus of Rs 8,816 crore from ongoing projects, Rs 2,131 crore from commercial projects and Rs 8,343 crore from pipeline projects, taking the total estimated surplus over the next 3'5 years to Rs 19,290 crore. On a full-year basis, the company reported a profit of Rs 58 crore for FY26 against a loss of Rs 186 crore in FY25. Revenue from operations jumped 85.7% to Rs 3,739.83 crore in FY26. During FY26, Puravankara Limited strengthened its development pipeline through a series of strategic acquisitions and joint development agreements across Bengaluru and Mumbai, with a cumulative estimated gross development value (GDV) of approximately Rs 15,200 crore. For FY26, Puravankara reported its highest-ever annual sales of Rs 7,407 crore, a 55% increase year-on-year from Rs 4,783 crore in FY25. The company also recorded a 21% year-on-year increase in average realization, which stood at Rs 10,213 per sq. ft. on saleable area. Collections for FY26 rose 15% to Rs 4,258 crore, compared to Rs 3,711 crore in FY25. Commenting on the company's performance, Ashish Puravankara, managing director, Puravankara, said, 'Q4FY26 was a staggering quarter for Puravankara as we recorded our highest-ever sales; a 37% increase in average realisation and PAT of Rs 111 crore. The company also strengthened its expansion in Mumbai through redevelopment projects in Malabar Hill and Chembur. With a potential projected surplus of Rs 19,290 crore over the next 3-5 years and a 21.02 msft launch pipeline over 12-15 months, the foundation for sustained growth is in place. Sales guidance for FY 2026'27 is projected at Rs 11,200 crore across the Southern and Western regions. Our focus now is on accelerating execution, improving collections, and converting today's sales into tomorrow's reported profitability.' The Puravankara Group is involved in real estate development, with residential assets constituting most of its portfolio. It is present in both the premium and the affordable housing segments under the brandsurva and Provident, respectively. The group has major operations in Bangalore, with a considerable presence in Chennai, Kochi and Hyderabad, apart from Pune.Powered by Capital Market - Live