Q3 FY26: Puravankara Net Profit ₹63.79 Cr, Consolidated ₹59.94 Cr
Q3 FY26 Financial Turnaround: Puravankara Returns to Profitability
Puravankara reported a consolidated net profit of ₹59.94 crore for Q3 FY26, a significant turnaround from a net loss of ₹92.4 crore in the same quarter of the previous year. The company's standalone net profit stood at ₹63.79 crore. The company's revenue from operations surged by over 236% year-on-year, reaching ₹1,069 crore in Q3 FY26 compared to ₹318 crore in Q3 FY25.
Operational Momentum Across Sales and Collections
Key operational achievements included its highest-ever quarterly collections of ₹1,140 crore (up 22% YoY), pre-sales of ₹1,414 crore (up 17% YoY), and a 12% increase in average price realization to ₹9,500 per sq. ft. Sales volume for the quarter stood at 1.49 million square feet, with average realization improving 12% YoY to INR9,500 per square foot.
Execution remained a focus, with 1.23 million square feet handed over in Q3. This steady delivery timeline helped offset cumulative losses from the earlier quarters, particularly Q1 and Q2 FY26, which had been impacted by regulatory transitions.
Nine-Month Performance and Pipeline Expansion
For the nine-month period ending in December 2025, Puravankara's performance also showed significant growth. Revenue for the period stood at ₹2,305 crore, a 51% year-on-year increase. Sales volumes reached 4.24 million square feet, with a total sales value of ₹3,859 crore, marking a 9% year-on-year rise.
Puravankara expanded its pipeline significantly, adding 5 new projects during the 9-month period, totaling 12.76 million square feet of potential development area valued at approximately INR13,900 crores. Key additions included redevelopment projects in Mumbai (Chembur and Malabar Hills) and land acquisitions in Bengaluru.
Balance Sheet Strength and Debt Management
As of December 31, 2025, net debt stood at approximately INR2,482 crores, translating to a net debt-to-equity ratio of 1.47x. The company reduced its gross debt by INR35 crores and net debt by INR244 crores during the quarter. Cash and bank balances remained strong at INR1,082 crores, and the cost of debt declined to 11.08%.
Market Response and Capital Raise
The stock market reacted positively, with Puravankara's shares rising by nearly 11% to ₹282.5 per share on the day the results were announced, with trading volumes 14 times the daily average. Concurrently, Puravankara Limited successfully completed the allotment of its third tranche of non-convertible debentures (NCDs), raising ₹150 crores through private placement on February 13, 2026. The company has issued 1,500 NCDs to identified investors under this third tranche.
Outlook and Strategic Direction
For Q4 FY26, the company plans to launch projects worth approximately Rs. 6,700 crore across Mumbai and Bengaluru markets. As of December 31, 2025, Puravankara has completed 93 projects totalling ~56 million sq ft across nine cities— Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The strong Q3 performance underscores the developer's execution capabilities and market positioning as it accelerates its launch cadence in high-demand markets.