Declaration of Unmodified Opinion for FY 2025-26
PURVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Puravankara Ltd reported strong audited results for FY 2025-26 with consolidated revenue from operations of Rs. 3,739.83 crore, up 85.7% from Rs. 2,013.61 crore in the prior year. The company swung to profitability with a consolidated net profit of Rs. 56.75 crore compared to a net loss of Rs. 182.92 crore in FY25. Standalone revenue stood at Rs. 2,302.61 crore (vs Rs. 917.50 crore prior year) with standalone PAT of Rs. 70.35 crore vs a loss of Rs. 198.75 crore. Operating cashflow turned positive at Rs. 344.52 crore (consolidated) vs negative Rs. 530.76 crore last year. Auditors S.R. Batliboi & Associates LLP issued an unmodified opinion, though they included an Emphasis of Matter paragraph regarding ongoing legal proceedings (income tax assessment orders with potential impact of Rs. 28.84 crore, and a Benami property notice for land parcels worth Rs. 13.20 crore). The company also raised Rs. 1,017 crore via debentures through subsidiaries and appointed a new Chief Risk Officer.
The company returned to profitability with robust revenue growth, a positive turnaround in operating cashflow, and a clean audit opinion — all positive for shareholders. However, the high debt levels (consolidated borrowings of ~Rs. 5,572 crore vs equity of ~Rs. 1,776 crore) and ongoing legal/tax disputes warrant monitoring.