Puravankara Ltd

Puravankara Q1 FY26: Mixed Results Amid Expansion & Strong Pipeline 🏗️📊

- Q1 FY26 total income: INR 530 crore; comprehensive loss of INR 69 crore (vs. profit of INR 15 crore in Q1 FY25)

- Gross sales up 6% YoY to INR 1,124 crore; avg. realization rises 9% to INR 8,988/sq. ft.

- Strong collections: INR 857 crore (82% South, 18% West)

- Debt reduced by INR 124 crore QoQ to INR 2,825 crore

- Mumbai expansion: +3.63 msft developable area, +2.32 msft saleable area

- New land acquisitions:

• Bengaluru JV (24.59 acres, ~INR 3,300+ crore GDV)

• Chembur redevelopment (3.78 acres, ~INR 2,100 crore GDV)

- Future cash flow potential: INR 5,578 crore from new launches

- Ongoing projects: 30.18 msft (55% outside Bengaluru)

- ICRA reaffirms 'A' Stable rating

- Sustainability focus: Renewable energy, EV parks, ESG monitoring