Bengaluru-based real estate developer Puravankara has reported a sharp increase in fourth-quarter revenue and returned to profitability, driven by higher project handovers and record sales bookings during the financial year.
Financial Performance
The company's total income surged 173% year-on-year to Rs 1,541 crore in the January-March quarter, compared to Rs 564 crore in the same period last year. Profit for the quarter stood at Rs 110 crore, a turnaround from a loss of Rs 88 crore in the corresponding quarter of the previous year.
For the full financial year ended March 2026, total income rose 84% to Rs 3,846 crore from Rs 2,093 crore a year earlier. The company reported a profit of Rs 57 crore for FY26, against a loss of Rs 183 crore in FY25.
Key Drivers
Puravankara attributed the improved profitability to acceleration in project handovers. Customer collections increased 36% year-on-year to Rs 1,213 crore in Q4, while quarterly sales value skyrocketed 190% to Rs 3,547 crore.
The company achieved its highest-ever annual sales bookings of Rs 7,407 crore in FY26, up 55% from the previous year, fueled by new project launches. Sales realization improved 21% year-on-year to Rs 10,213 per square foot during FY26, while average realization in the March quarter rose 37% to Rs 11,787 per square foot.
Portfolio Expansion
Puravankara noted that non-Bengaluru projects now account for 52% of its ongoing portfolio, with Mumbai and Pune together contributing 25% of its planned pipeline. The company currently has 36.69 million square feet of ongoing area and a planned pipeline of 15.05 million square feet.
