Puravankara Shares Post 13% Gain Following Strong Fourth-Quarter Earnings

Puravankara Shares Surge Over 13 Percent After Strong Q4 Results

Puravankara, a Bengaluru-based real estate developer, reported a strong set of March quarter results, resulting in a surge of over 13 percent in its shares. The stock climbed 13.23 percent or Rs 28.19 to trade at Rs 241.27, emerging among the top gainers of the day.

The company's consolidated net profit for Q4FY26 was Rs 114.2 crore, compared to a loss of Rs 85.5 crore in the corresponding quarter last year. Revenue for the quarter jumped 177.1 percent year-on-year to Rs 1,502 crore from Rs 542 crore a year earlier. EBITDA surged to Rs 302 crore from Rs 30.5 crore in Q4FY25, registering a growth of around 890.2 percent year-on-year. EBITDA margin improved sharply to 20.3 percent from 5.7 percent in the year-ago period.

Customer collections during the quarter stood at Rs 1,213 crore, up 36 percent from Rs 892 crore in Q4FY25. Sales value rose 190 percent year-on-year to Rs 3,547 crore from Rs 1,225 crore.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Sales volume during the quarter increased 112 percent to 3.01 million square feet from 1.42 million square feet a year ago, while average realisation rose 37 percent year-on-year to Rs 11,787 per square foot.

For FY26, the company reported sales value of Rs 7,407 crore, up 55 percent from Rs 4,783 crore in FY25. Sales volume rose 28 percent year-on-year to 7.25 million square feet, while units sold increased 13 percent to 5,586 units. Average realisation for FY26 stood at Rs 10,213 per square foot, up 21 percent year-on-year.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Collections for FY26 increased 15 percent year-on-year to Rs 4,258 crore from Rs 3,711 crore in FY25. Revenue for the full year rose 84 percent to Rs 3,846 crore from Rs 2,093 crore, while EBITDA margin improved to 21 percent from 18 percent in FY25. The company reported a profit of Rs 58 crore for FY26 against a loss of Rs 186 crore in the previous year.

Puravankara said 75 percent of group sales in FY26 came from units with an average sales price below Rs 2 crore, while 35 percent of sales were from units priced below Rs 1 crore. Contribution from Mumbai and Pune increased to 20 percent in FY26 from 15 percent in FY25.

The company reported an estimated surplus of Rs 8,816 crore from ongoing projects, Rs 2,131 crore from commercial projects, and Rs 2,321 crore from pipeline projects. Net debt stood at Rs 2,321 crore with a net debt-equity ratio of 1.31 times.

Puravankara also said its cost of debt reduced to 11.05 percent in Q4FY26, while net debt declined by Rs 160 crore during the quarter.