Puravankara posts ₹58 crore net profit in Q3FY26, revenue up 231% | Company Results
Bengaluru-based real estate developer Puravankara Ltd reported a consolidated net profit of Rs 58.48 billion for the third quarter of fiscal 2026 ended December, compared to a loss of Rs 93.73 billion in the same period last year. The company said this turnaround reflected a sharp recovery thanks to better execution, timely completion of projects and tighter work discipline.
The strong quarterly performance significantly offset a significant portion of the cumulative losses incurred in the previous two quarters, the company said. These losses were largely attributed to handover delays in the first half of 2020 resulting from regulatory transitions, including the implementation of e-Khata and changes to building regulations.
Additionally, the real estate agent generated a net income of 1,104.06 billion rupees in the 26th quarter, while it generated a net income of 334.20 billion rupees in the 25th quarter, an increase of 231% year on year. Revenue from operations increased 236 percent year-on-year to 1,069.31 billion rupees in 3QFY26.
Ashish Puravankara, Managing Director, Puravankara Limited, said: “The return to profitability in Q3 reflects the underlying strength of our business and the momentum we have built in execution, sales and cash flows. Improved realizations and on-time project deliveries have translated into strong revenue growth and a meaningful recovery in profitability. The strong performance in Q3 marked a clear turning point in our earnings trajectory, significantly offsetting the impact of previous loss-making quarters.”
Additionally, Puravankara said, with healthy collections and strong revenue visibility from ongoing projects, the company is well positioned to maintain disciplined growth while continuing to strengthen its balance sheet.
The company reported a 22 percent year-on-year increase in customer collections to Rs 1,140 billion; This reflects stronger cash conversion and increased operating efficiency.
In the first nine months of FY26, total project revenue increased by 51% year-on-year to Rs 2,305 billion, while customer collections increased by 8% to Rs 3,045 billion. Operating cash inflow during the period was Rs 3,504 billion, representing a 9 per cent increase over the previous year and leading to a cash operating surplus of Rs 755 billion for 9MFY26. The company has consistently achieved cash operating surplus on a quarterly basis.
“The expansion of our development pipeline increases long-term growth visibility in high-demand urban micro markets. Going forward, our focus will remain on calibrated launches, execution-driven delivery and consistent cash flow generation, while maintaining a disciplined approach to capital allocation and portfolio expansion,” Puravankara said.
Additionally, sales value increased 17 percent year-on-year in Q1FY26, supported by sustained demand and strong price realizations in key markets. Approximately 1,116 homes totaling 1.23 million square feet were delivered this quarter.
During 9MFY26, Puravankara expanded its development pipeline by adding more than 12.7 million square feet of potential developable area with an estimated gross development value of approximately Rs 13,900 billion. The additions cover key markets such as Bengaluru and Mumbai, strengthening the company’s medium and long-term growth visibility.
