Puravankara Ltd

Puravankara Limited announced the incorporation of a wholly-owned subsidiary, Burgundyprime Realty Private Limited, in India on October 19, 2026, according to a regulatory filing. The company subscribed to 9,999 equity shares of the new subsidiary at a face value of Rs 10 per share, totaling Rs 99,990, and will hold 100% of the shareholding. Burgundyprime Realty Private Limited will operate in the real estate development sector.

Puravankara Limited announced the allotment of 250 unlisted, unrated, senior, secured, redeemable, non-convertible debentures with a face value of Rs 10,00,000 each, aggregating to Rs 25,00,00,000, as the fourth and final tranche of a private placement, according to a filing with the BSE Limited and National Stock Exchange of India Limited on October 9, 2026. The allotment is part of a larger fund-raising initiative approved in May 2025, which authorized the issuance of non-convertible debentures up to an amount of Rs 300,00,00,000. The debentures have a tenure until June 18, 2030.

Puravankara Limited informed the BSE Limited and National Stock Exchange of India Limited that it received a confirmation certificate from MUFG Intime India Private Limited (formerly Link Intime India Private Limited), its Registrar and Transfer Agent (RTA), regarding the dematerialization of share certificates for the quarter ended September 30, 2026, in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Puravankara Limited informed the BSE Limited and National Stock Exchange of India Limited that the trading window for dealing in securities of the company by designated persons, including their immediate relatives, will be closed from Thursday, October 1, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026.

Puravankara Ltd. is up 2.28% to Rs 221.34, extending recent gains and rising 1.43% over the last week. Puravankara Limited announced that its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent from Red Connect Private Limited for civil and structural works on the Ritz Carlton Project in Chennai, with a contract value of Rs 1,75,00,00,000 (Indian Rupees One Hundred Seventy-Five Crores) excluding GST, and a project execution timeline of 32 months. The order, awarded by a domestic entity, does not involve any related party transactions and does not indicate any promoter or group company interest. Trading volume reached 2.87 lakh shares today, a surge of 44.3% compared to the average volume over the last one week. Puravankara Ltd. declined by 22.86% year-over-year, underperforming the 3.27% loss seen in the NIFTY50 index.

Puravankara Limited reported revenue from operations of Rs 511.92 Crores for the quarter ended June 30, 2026, alongside a profit after tax of Rs 17.87 Crores and earnings per share of Rs 1.22. The company has entered into an agreement to sell its shareholding in Purva Ruby Properties Private Limited, pending regulatory approvals. Several ongoing legal proceedings involve deposits and advances of Rs 51.31 Crores related to land title, minority shareholder claims totaling Rs 35.00 Crores, and inventories valued at Rs 82.70 Crores. Additionally, receivables are subject to litigation, amounting to Rs 64.20 Crores and Rs 20.40 Crores, and the company is appealing income tax assessments with a potential impact of Rs 45.08 Crores. Management anticipates favorable outcomes in these proceedings and has not made any provisions in the financial results.

Puravankara Limited will hold a board meeting on Friday, August 14, 2026, to consider and approve the draft unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the limited review report. The trading window for the company’s designated persons and their immediate relatives will be closed from Wednesday, July 1, 2026, to Sunday, August 16, 2026, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2018.

Customer collections climbed 40% YoY to Rs 1,199 crore during the quarter, reflecting sustained customer confidence and strong execution of delivery timelines. The sales area stood at 1.36 million square feet (msft) in Q1 FY27, up 9% compared with the corresponding quarter last year, while average realisation improved 18% YoY to Rs 10,589 per sq ft. During the quarter, Puravankara handed over 745 homes, totaling 0.94 msft. Further, the company entered into a definitive agreement with ICICI Prudential AMC for the sale of its commercial property, Purva Zentech. The transaction values the asset at an enterprise value of Rs 625.94 crore. Of the total consideration, Rs 145 crore will be received through the sale of shares of the SPV, while the balance will be realised through agreed balance sheet adjustments in accordance with the transaction structure. The company said that India's real estate sector continues to show resilience even as the broader economy navigates a more cautious growth environment. The Reserve Bank of India's June 2026 policy review kept the repo rate unchanged at 5.25%, while moderating its FY27 GDP growth forecast to 6.6% amid elevated inflation projections of 5.1%. A stable rate environment, coupled with steady office leasing demand from IT, BFSI and GCC occupiers, continues to support healthy residential absorption in the premium segment. With a robust launch pipeline, disciplined balance sheet management and increasing average price realisation reflected in Q1 FY27, the company remains confident of sustaining its growth trajectory and delivering on its FY27 guidance. Ashish Puravankara, managing director, Puravankara, said, 'Q1 FY27 marks a strong start to the year and reaffirms the resilience and depth of our business strategy. Sales value grew, and we saw a corresponding improvement in collections. The 18% YoY increase in average price realisation is a clear indication that our strategic shift towards premiumisation and well-located, high-quality developments is translating into tangible value for both our customers and shareholders. We also remained active on the business development front, announcing four land transactions during the quarter with a cumulative Gross Development Value (GDV) of Rs 5,200 crore. These additions strengthen our project pipeline and support our objective of sustaining long-term, profitable growth. With this strong start to the year, we remain firmly on track to achieve our FY 2026'27 sales guidance of Rs 11,200 crore across the Southern and Western regions, and we are confident of building on this momentum through the remainder of the year. Puravankara is engaged in the business of real estate development. 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 project will have a saleable area of nearly 0.8 million square feet and is aimed at catering to the rising housing demand in the fast-growing Sarjapur corridor. With this transaction, Puravankara's total potential GDV from acquisitions and JDAs announced during the first quarter of FY27 has increased to approximately Rs 5,200 crore, further strengthening its development pipeline in Bengaluru. The company said Sarjapur remains an attractive residential micro-market due to robust end-user demand, improving infrastructure and connectivity, and limited availability of branded housing projects. It added that the asset-light JDA model enables efficient capital deployment while expanding its presence across high-growth markets. Strategically located in Kaggalipura Village, Sarjapura Hobli, the site is well-positioned for growth, with excellent connectivity via Sarjapur Road and the Outer Ring Road. It also enjoys good connectivity to the Electronic City technology corridor and other key employment hubs. The corridor has emerged as a preferred destination for IT professionals and homebuyers seeking quality housing, supported by the limited availability of organised residential projects from reputed developers. Ashish Puravankara, Managing Director, Puravankara, said, Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors. As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand, while creating long-term value for our stakeholders.' Mallanna Sasalu, CEO, Puravankara, added, The mix of outright acquisitions and joint development agreements across key Bengaluru micro-markets reflects our calibrated growth strategy, combining scale creation with capital efficiency. The pace, scale, and quality of these additions indicate that the company is moving in the right direction and steadily strengthening its development pipeline in Bengaluru. Notably, in Q1FY27 alone, Puravankara announced four land transactions in quick succession, underlining the company's strong business development momentum and the ability to consistently add high-potential projects to its portfolio. Together, these deals span approximately 41.93 acres, with a cumulative development potential of around 4.23 msft and a total estimated GDV of Rs 5,200 crore.' 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

Puravankara has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The project has a saleable area of approximately 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor. This latest addition further strengthens Puravankara's development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.