Puravankara Limited

The Board of Directors of Puravankara Limited, in their meeting held on February 12, 2026, approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported a significant financial turnaround, posting a consolidated net profit of ₹58.34 crore for Q3FY26, compared to a net loss of ₹92.64 crore in the corresponding quarter of the previous year. Consolidated revenue from operations for the quarter surged by 236% year-on-year to reach ₹1,069.31 crore. On a quarter-on-quarter basis, total income grew by 66.60%, rising from ₹662.73 crore in Q2FY26 to ₹1,104.06 crore in Q3FY26. This strong performance was driven by improved execution, project completions, and healthy price realizations.

Puravankara Limited is a prominent Indian real estate developer with a diverse portfolio spanning luxury housing, commercial offices, and plotted developments across major cities like Bengaluru, Mumbai, Pune, and Chennai. Alongside the financial results, the Board approved the re-appointment of Mr. Ashish Ravi Puravankara as Managing Director for a five-year term starting April 1, 2026. Additionally, the company approved the merger of its wholly-owned subsidiaries, IBID Home Private Limited and Purva Woodworks Private Limited, to optimize digital assets and expand market reach. Recent updates for 2026 include the launch of Phase 5 of the Provident Equinox project and the receipt of a Letter of Intent for a residential project worth ₹311 crore by its subsidiary, Starworth Infrastructure & Construction Limited. The company also expanded its portfolio in 9MFY26 with acquisitions totaling an estimated Gross Development Value (GDV) of ₹13,900 crore.