Puravankara (PURVA) Q3 25/26 earnings summary

Executive summary

• Achieved strong operational and financial performance in Q3 and nine months FY 2026, with robust pre-sales, collections, and profitability improvements.

• Achieved record sales revenue of INR 5,914 Cr in FY24 and INR 3,859 Cr in 9MFY26, reflecting robust growth and operational momentum.

• Expanded pan-India presence with significant land acquisitions and redevelopment projects, especially in Bengaluru and Mumbai.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

• Focused on diversified offerings across luxury, premium affordable, and plotted developments, with 93 projects delivered and 56.1 msft completed.

Financial highlights

• Q3 FY26 total income rose to INR 1,104 crore, up 230% year-on-year; nine-month revenue at INR 2,305 crore, up 51% year-on-year.

• Q3 EBITDA margin improved to 23% from 10% last year; profit after tax at INR 58 crore versus a loss of INR 94 crore in Q3 FY25.

• Pre-sales for Q3 at INR 1,414 crore (up 17% YoY); nine-month pre-sales at INR 3,859 crore (up 9% YoY).

• Highest-ever quarterly collections at INR 1,140 crore (up 22% YoY); nine-month collections at INR 3,045 crore (up 8% YoY).

• Standalone revenue from operations for Q3 FY26 was ₹723.32 crore, up from ₹334.40 crore in the previous quarter and ₹189.06 crore in Q3 FY25.

Outlook and guidance

• Launch pipeline includes 12.61 msft of planned projects, with estimated future cashflow potential of INR 5,687 Cr from new launches.

• Cashflow visibility of INR 8,378 Cr over the next 3-5 years from ongoing projects, with total projected surplus of INR 16,100 Cr including pipeline and commercial projects.

• Management expects continued sales momentum and healthy growth, targeting 25% sales from new launches and sustained pre-sales growth.

• Confident in accelerating launches and deliveries, with most planned projects on track for approvals and market entry in the next 6-9 months.

• The company continues to focus on real estate development as its core business and is expanding its digital and operational capabilities through strategic mergers.