Puravankara Reports Rs 25 Crore Profit in Q1 FY27, Income Soars 63%

Total Income: Rs 877 crore
PAT: Rs 25 crore

Puravankara Limited announced its Q1 FY27 results, reporting a net profit after tax (PAT) of Rs 25 crore. This marks a significant turnaround from a loss of Rs 69 crore in the same quarter last year. The company's total income for the quarter rose by 63% year-on-year to Rs 877 crore.

What just happened

Puravankara has returned to profitability in Q1 FY27, posting a Rs 25 crore PAT against a loss last year. Total income grew substantially by 63% to Rs 877 crore. EBITDA margins improved to 25% from 15% in Q1 FY26. Presales increased by 28% YoY to Rs 1,439 crore, with sales volume up 9% and average realization up 18%. Collections also saw a strong 40% rise to Rs 1,199 crore.

Why this matters

This financial performance indicates a healthy recovery and growth for Puravankara. The improved profitability and robust sales growth signal strong demand for its real estate projects and effective operational management. The expansion in EBITDA margins also points to better cost control and pricing power.

The backstory

In Q1 FY26, Puravankara had reported a net loss of Rs 69 crore on a total income of Rs 538 crore. The company has been focusing on strengthening its sales pipeline and managing its debt while pursuing growth opportunities.

What changes now

The company added four new project opportunities in Bengaluru, covering 41.93 acres with a development potential of 4.23 million square feet and an estimated Gross Development Value (GDV) of Rs 5,200 crore. The sale of an asset to ICICI Prudential AMC for approximately Rs 625 crore is expected to close in August 2026, releasing capital and repaying Rs 250 crore of debt. Management reiterated its FY27 presales guidance of Rs 11,200 crore.

Risks to watch

Minor approval delays for some projects in Karnataka have been noted due to government administrative changes. The company's debt reduction strategy is also balanced against availing growth opportunities.

Peer comparison

While specific peer results for Q1 FY27 are not yet available, Puravankara's performance shows a strong recovery. The real estate sector has seen varied performance, with companies focusing on sales, project launches, and deleveraging.

Context metrics (time-bound)

• Q1 FY27 Presales: Rs 1,439 crore (28% YoY growth)
• Q1 FY27 Total Income: Rs 877 crore (63% YoY growth)
• Q1 FY27 PAT: Rs 25 crore (vs. Rs -69 crore in Q1 FY26)
• EBITDA Margin: 25% (vs. 15% in Q1 FY26)
• Net Debt: Rs 2,836 crore (as of June 30, 2026)
• FY27 Presales Guidance: Rs 11,200 crore

What to track next

Investors will be looking for continued execution of the project launch pipeline, progress on debt reduction targets, and the successful closure of the ICICI Prudential AMC deal. Monitoring the resolution of approval-related delays will also be key.