Puravankara shares rally 5% after signing ₹1,000 crore development deal in Bengaluru

Purvankara shares jumped as much as 4.6% to touch an intraday high of ₹222.90 apiece on Monday, June 29, as the real estate company entered into a joint development agreement (JDA) for a Rs 10,000 crore project in Bengaluru.

The JDA has been signed for a 6.4-acre land parcel in Sarjapur, Bengaluru, and has a saleable area of approximately 0.8 msft. The company said it will be developed as a residential community.

“As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand while creating long-term value for our stakeholders,” said Ashish Puravankara, Managing Director, Puravankara.

With this new addition, Purvankara further strengthens its development pipeline in Bengaluru, bringing the company's total potential gross development value (GDV) from acquisitions and JDAs in Q1 FY27 to ₹5,200 crore.

CEO Mallanna Sasalu, in a statement, said that in Q1 FY27 alone, the company has announced four land transactions in quick succession. He added that this underlines the real estate firm’s strong business development momentum and the ability to consistently add high-potential projects to its portfolio.

As of March 31, 2026, Puravankara has completed 95 projects totalling ~57 msft across nine cities like Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is approximately 40 msft, and ongoing projects add up to 36.69 msft.

Purvankara Q4 earnings

The Bengaluru-based company had reported an all-around robust performance in Q4 FY26, with profitability soaring at multifold levels. Purvankara’s revenue for the quarter jumped 173% at ₹1,541 crore as compared to ₹542 crore in the corresponding quarter last year. The sharp rise is largely due to the incremental handover of residential units during the quarter.

Owing to strong topline growth, the firm’s bottom line posted a turnaround from negative to positive. The company posted ₹117 crore net profit for the quarter, as compared to net loss of ₹111 crore in the corresponding quarter last year.

For the fiscal year ended March 2026, Purvankara’s revenue increased to ₹3,740 crore in FY26 as against ₹2,015 crore in the previous fiscal year. Similarly, the company posted a net profit of ₹57 crore in the fiscal year ended March 2026 as compared to a net loss of ₹183 crore in FY25.

Purvankara share price trends

At 10:12 AM, Purvankara shares were trading at ₹217.18 apiece on the National Stock Exchange, gaining 1.98%.

The stock has tanked 10% so far since the beginning of 2026, while on a year-on-year basis, it has fallen 27%.

Shares of the firm had hit a 52-week high of ₹305 on September 2, 2025, and a 52-week low of ₹160.69 on March 30, 2026.

According to NSE data, as of June 29, 2026, Purvankara has a total market capitalisation of ₹5,136.66 crore.