Puravankara's Q1 FY27: Profits Surge 28% on Record Sales

Puravankara Limited reported a strong start to fiscal year 2027, achieving a profit after tax of ₹25 crore in the first quarter. This marks a significant recovery from a loss of ₹69 crore in the same period last year. The company's total revenue surged by 63% year-on-year to ₹877 crore, driven by improving realisations and disciplined execution.

Pre-sales for Q1 FY27 reached ₹1,439 crore, an increase of 28% from the previous year, with sales volume at 1.36 million square feet. Average realisations rose by 18% to ₹10,589 per square foot. Customer collections also saw a significant 40% year-on-year growth, reaching ₹1,199 crore.

The company handed over 745 homes in the quarter, sustaining its operational pace. Puravankara also strategically expanded its land bank in Bengaluru, securing four transactions with an estimated Gross Development Value (GDV) of ₹5,200 crore, further enhancing its development pipeline.

Looking ahead, Puravankara has a robust launch pipeline of 20.48 million square feet, with an estimated GDV of ₹27,300 crore, primarily concentrated in Bengaluru and Mumbai. The company maintains a focus on capital efficiency and aims to achieve its FY27 sales guidance of ₹11,200 crore.