Puravankara ka Toofani Comeback!
Bhai log, Puravankara ne Q3 FY'26 mein apna financial game full power mein dikhaya hai! Company ki total income dekho, seedhi 230% badh kar ₹1,104 Crore ho gayi hai, pichhle saal isi time pe toh bas ₹334 Crore thi. Aur loss se nikal kar ab ₹58 Crore ka Profit dikhaya hai, pichhle saal yeh ₹94 Crore ka loss tha, bhai! Yeh sab hua hai tagdi sales aur operational efficiency ke karan, jisse EBITDA margin bhi 10% se badh kar 23% ho gaya hai.
Financials mein Kya Hai Khas?
Q3 FY'26 ke ye zabardast numbers mostly project handovers aur better operations ki wajah se aaye hain. Agar pichhle 9 mahine ki baat karein toh income 51% badh kar ₹2,305 Crore ho gayi hai. Haan, company ka debt-to-equity ratio abhi bhi 1.47x hai, matlab net debt ₹2,482 Crore hai, lekin achhi baat yeh hai ki Q3 mein hi ₹244 Crore ka debt kam kiya hai aur debt ka cost bhi ghata kar 11.08% kar diya hai. Collections toh record bana gayi hain, ₹1,140 Crore collect kiye hain ek quarter mein, jo cash flow ke liye bahut achha sign hai. Operating surplus bhi ₹755 Crore raha.
Naye Projects ka Dhamaka!
Puravankara ne future ke liye bhi badi planning ki hai. FY'26 ke pehle 9 mahine mein 5 naye projects add kiye hain, jismein 12.76 million sq ft area develop hoga aur GDV ₹13,900 Crore hai. Ismein Mumbai ke Chembur aur Malabar Hills ke redevelopment projects bhi shamil hain. Company Q4 FY'26 aur Q1 FY'27 mein Mumbai aur Bengaluru mein aur bhi naye projects launch karne wali hai. Presales bhi 17% badh kar ₹1,414 Crore ho gaye hain aur average price bhi 12% badh kar ₹9,500 per sq ft ho gayi hai.
Commercial projects bhi track par hain. Zentech aur Aerocity projects ko March 2026 tak Occupancy Certificates mil jayenge, jisse saalana ₹200 Crore ka rental income expect hai.
Thoda Risk Factor aur Regulatory Scene
Abhi toh sab acha lag raha hai, par investors ko high Net Debt-to-Equity ratio par nazar rakhni hogi. Naye projects execute karne mein bhi challenges aa sakte hain. Regulatory side pe, December 2024 mein SEBI se ek administrative warning mili thi aur January 2026 mein ek relative dwara Code of Conduct violation ki report hui thi, jismein company ne bataya ki iska koi operational ya financial impact nahi hua hai.
Aage Ka Kya Plan?
Management future ko lekar kaafi optimistic hai. Residential real estate ki demand achhi hai. Puravankara ko lagta hai ki aane wale 1-4 saalon mein growth achhi rahegi, kyonki unka project pipeline badh raha hai, operations improve ho rahe hain aur construction speed bhi tej hai. Har mahine naye projects launch karne ki strategy hai.