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• Puravankara’s consolidated net profit increased to INR 740.7 crore in FY26 from INR 26.5 crore in the previous financial year.
• Annual sales bookings rose 55% year-on-year to INR 7,407 crore, while quarterly sales touched a record INR 3,547 crore.
• The company delivered 3,747 homes during FY26 and handed over more than 4.25 million sq ft across projects.
• Revenue growth was supported by higher project completions, improved collections and stronger demand in Bengaluru and Mumbai housing markets.
• Puravankara added projects with an estimated development value of INR 15,200 crore through redevelopment deals, land acquisitions and joint development agreements.
Puravankara reported a sharp rise in its financial performance for FY26, with consolidated net profit increasing more than 27 times to INR 740.7 crore from INR 26.5 crore in the previous financial year. The Bengaluru-based real estate developer benefited from strong residential demand, higher project deliveries and increased revenue recognition during the year. Advertisement
The company also posted a strong March quarter performance. Consolidated net profit stood at around INR 111 crore compared to a loss recorded in the same quarter last year. Revenue during the quarter rose over 170% year-on-year to more than INR 1,500 crore, mainly due to faster execution and handover of residential projects.
Puravankara’s annual sales bookings reached INR 7,407 crore in FY26, registering a 55% increase compared to the previous year. Sales bookings in the March quarter alone stood at INR 3,547 crore, the highest quarterly sales recorded by the company so far. The strong sales performance was supported by new project launches and improved demand in premium and mid-premium housing segments.
Customer collections during FY26 increased 15% year-on-year to INR 4,258 crore. Collections in the March quarter rose 36% to INR 1,213 crore, reflecting stronger cash flow generation and steady buyer demand across key residential markets.
The company sold nearly 7.25 million sq ft during FY26, up 28% from the previous financial year. Average sales realisation crossed INR 10,200 per sq ft during the year, while quarterly realisation stood at nearly INR 11,800 per sq ft. The rise in pricing was largely driven by demand in Bengaluru, Mumbai and other major urban markets where premium housing continued to see steady traction.
Project deliveries also increased significantly during the financial year. Puravankara handed over 3,747 homes covering around 4.25 million sq ft in FY26, including more than 1,300 homes delivered during the March quarter. Higher handovers helped the company recognise more revenue and improve operational performance.
On the business development side, Puravankara added projects with an estimated gross development value (GDV) of around INR 15,200 crore during FY26. The additions included redevelopment projects in Mumbai along with land acquisitions and joint development agreements in Bengaluru.
The company had earlier expanded its redevelopment portfolio in Mumbai through projects in locations such as Malabar Hill and Chembur. In Bengaluru, it continued to strengthen its presence in East and North Bengaluru, which remain among the city’s active residential corridors.
Puravankara launched three new projects along with multiple phases during the March quarter, adding around 6.39 million sq ft of saleable area. The company stated that resolution of approval-related delays and timely project launches contributed to the sharp increase in quarterly sales.
Over the past few years, Puravankara has focused on expanding its residential portfolio across high-demand micro-markets through redevelopment opportunities and strategic land acquisitions. The company has also increased its focus on premium housing projects and execution-led growth across major cities.
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