Puravankara Ltd

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

Net profit of Puravankara reported to Rs 113.24 crore in the quarter ended March 2026 as against net loss of Rs 85.82 crore during the previous quarter ended March 2025. Sales rose 177.33% to Rs 1501.92 crore in the quarter ended March 2026 as against Rs 541.57 crore during the previous quarter ended March 2025. For the full year,net profit reported to Rs 63.71 crore in the year ended March 2026 as against net loss of Rs 179.88 crore during the previous year ended March 2025. Sales rose 85.73% to Rs 3739.83 crore in the year ended March 2026 as against Rs 2013.61 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1501.92541.57 177 3739.832013.61 86 OPM %20.055.61 -18.4714.45 - PBDT155.74-99.62 LP 118.87-178.12 LP PBT144.96-110.81 LP 76.87-213.08 LP NP113.24-85.82 LP 63.71-179.88 LP Powered by Capital Market - Live

The project is located at Survey Nos. 12 and 13, near Kundalahalli Metro Station in EPIP Area, Whitefield, Bengaluru. The contract is an item-rate agreement with an estimated value of Rs 57.80 crore, excluding applicable taxes, duties and levies. The project is scheduled to be executed over a period of 20 months. The company said the order has been awarded by a domestic entity and does not involve any related party transaction or promoter group interest. Puravankara is engaged in the business of real estate development. The company reported a consolidated net profit of Rs 59.34 crore in Q3 FY26 as a net loss of Rs 93.16 crore in Q3 FY25. Revenue from operations zoomed 236.1% year on year to Rs 1,069.31 crore in Q3 FY26. Shares of Puravankara rose 0.12% to Rs 211.85 on the BSE.Powered by Capital Market - Live

Starworth Infrastructure & Construction (SICL) has received a Letter of Intent for the execution of civil, structure, waterproofing and allied works for Westin Hotel project - Survey No. 12,13, located beside Kundalahalli Metro Station, EPIP Area Whitefield Bangalore -560 066, India by Innmar Tourism and Hotels for the contract value of Rs 57.80 crore plus applicable taxes, duties and levies. SICL is a wholly owned subsidiary of Puravankara.

Puravankara will hold a meeting of the Board of Directors of the Company on 18 May 2026.

Puravankara announced that its subsidiary, Starworth Infrastructure & Construction (SICL) has received a Letter of Intent for the execution of civil, structure, waterproofing, finishes and allied works for residential project - Nature's Nest located at Survey No. 54/4, Chinnagenahalli, Doddabanahalli, Bangalore District, Karnataka - 560049 by NPS Developers for the approximate contract value of Rs 144.45 crore excluding GST and Labour Cess.