Puravankara LimitedReal EstatePURVA
Q1 FY27 concall · earnings callPuravankara Limited
Puravankara entered FY27 with a stronger operating rhythm, achieving balanced growth in presales, collections, handovers, and profitability while advancing its capital recycling agenda.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Presales | ₹1,439 Cr | 28% | |
| Sales Volume | 1.36 million square feet | 9% | |
| Average Realization | INR 10,589 per square foot | 18% | |
| Collection | ₹1,199 Cr | 40% | |
| Handovers (Sq Ft) | 0.94 million square feet | — | |
| Total Income | ₹877 Cr | 63% | |
| EBITDA Margin | 25% | — | |
| Profit After Tax | ₹25 Cr | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹318.17 Cr-44.5% YoY-35.8% QoQ | ₹-92.64 CrTurned loss-making YoYLoss widened QoQ | ₹-3.90Turned negative YoYLoss/share widened QoQ |
| Q2 FY25 | ₹495.54 Cr+34.5% YoY-24.7% QoQ | ₹-17.06 CrLoss widened YoYTurned loss-making QoQ | ₹-0.71Loss/share widened YoYTurned negative QoQ |
| Q1 FY25 | ₹658.33 Cr+103.7% YoY-28.4% QoQ | ₹14.78 CrTurned profitable YoYTurned profitable QoQ | ₹0.64Turned positive YoYTurned positive QoQ |
| Q4 FY24 | ₹919.97 Cr+23549.6% YoY+60.4% QoQ | ₹-6.71 CrTurned loss-making YoYTurned loss-making QoQ | ₹-0.28Turned negative YoYTurned negative QoQ |
| Q3 FY24 | ₹573.70 Cr+46.2% YoY+55.8% QoQ | ₹77.79 Cr+245% YoYTurned profitable QoQ | ₹3.29+246.3% YoYTurned positive QoQ |
TL;DR
- Presales grew 28% YoY to INR 1,439 crores.
- Collections grew 40% YoY to INR 1,199 crores.
- EBITDA margin expanded to 25% from 15% in Q1 FY26.
- Profit after tax was positive INR 25 crores vs. a loss of INR 69 crores in Q1 FY26.
- Maintained FY27 presales guidance of INR 11,200 crores.
- Added 4 new land opportunities in Bengaluru with GDV of INR 5,200 crores.
Said on the call
“Our ambition is not merely to sell more, it is to convert growth into cash, earning and durable returns for all stakeholders.”
From the Q&A
| Topic | What management said |
|---|---|
| Land Acquisition & Cash Flow | Management confirmed the INR 574 crores land payment was for four new acquisitions in Bangalore, fully paid using existing cash, with no committed amounts pending. |
| Capital Recycling Transaction | The deal with ICICI Prudential AMC (~INR 625 crores EV) is expected to close within the month, with ~INR 250 crores of associated debt to be repaid from proceeds; remaining cash will be deployed judiciously. |
| Project Launch Delays | Some launches (e.g., Hennur Road) were delayed due to government approvals; others (Cityspire, Winworth) are awaiting final RERA approval but are expected to launch in Q2. |
| FY27 Guidance | Management reiterated presales guidance of INR 11,200 crores and debt reduction guidance of INR 700 crores, stating Q1 performance and launch pipeline support these targets. |
| Demand Environment | Demand in Bangalore, Mumbai, and Pune remains steady for branded players with well-priced products; no slowdown observed. |
| Margins | EBITDA margin guidance is maintained at 25%-30% for the overall portfolio. |
| Purva Aerocity | Phase 1 (1.3 million sq ft) has OC; leasing traction is good with expected lease rates of INR 60-65. Phase 2 construction will start after leasing 70-80% of Phase 1. |
| Geographic Expansion | The company is evaluating growth opportunities in the NCR market, specifically Noida. |
Guidance
- Reiterated FY27 presales guidance of INR 11,200 crores.
- Hold debt reduction guidance of INR 700 crores for FY27.
- EBITDA margin guidance of 25%-30% for the overall portfolio.
Source
Summary written from the transcript filed by Puravankara Limited for the call held on 17 Aug 2026; published 19 Aug 2026, 20:15 IST.
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