Puravankara shares decline over 3% after firm shares Q1 business updates; check details

The company has reported pre-sales of ₹1,124 crore in Q1FY26, marking a 6% year-on-year (YoY) growth from ₹1,064 crore in the same quarter last fiscal year. The average price realisation improved 9% YoY, while customer collections for the quarter stood at ₹857 crore, the company said in a regulatory filing.

The average price realisation in Q1 FY26 stood at ₹8,988/square ft, as compared to ₹8,246/square ft in Q1 FY25.

For the reporting quarter, Puravankara also achieved a sales volume of 1.25 million square feet as against 1.29 million square feet in Q1 FY25.

In the April-June quarter, the company had also entered a joint development of a 5.5-acre land parcel in East Bengaluru, with an estimated combined potential GDV of over ₹1,000 crore, Puravankara said.

Commenting on the company's performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, “In Q1FY26, despite no new launches, we recorded a 6% year-on-year growth in pre-sales, reaching ₹1,124 crore, and delivered strong collections driven by resilient sustenance sales, reflecting continued confidence from homebuyers in our projects.”

In Q1 FY25, the real estate developer was selected for redeveloping eight residential societies in Chembur, Mumbai. The project has an estimated potential Gross Development Value (GDV) of ₹2,100 crore.

“These initiatives reflect our sharp focus on strengthening our presence in key micro-markets and driving long-term value creation,” Ashish further said.

At the time of writing the article, shares of Puravankara were trading at ₹286.30 apiece on the National Stock Exchange, declining 1.56%.

The firm had reported a net loss of ₹6.71 crore in the fourth quarter of fiscal year 2024 as compared to a net profit of ₹26.75 crore.

Total income from operations rose 112% year-on-year (YoY) to ₹946.84 crore during the quarter. The firm stated that sales rose 93% YoY to ₹1,947 crore during the quarter, while sales volume stood at 2.35 million square feet (msft), up 94% YoY, with a collection of ₹1,094 crore.