Outcome of Board Meeting to approve Standalone and Consolidated Financial Results along with Statutory audit report for the FY 2025-26, Declaration of unmodified opinion, reappointment ....
PURVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Puravankara Ltd reported strong turnaround with standalone revenue of Rs. 2,302.61 crore (up 151% from Rs. 917.50 crore) and consolidated revenue of Rs. 3,739.83 crore (up 86% from Rs. 2,013.61 crore) for FY2025-26. The company swung to standalone net profit of Rs. 70.35 crore from loss of Rs. 198.75 crore, and consolidated net profit of Rs. 56.75 crore from loss of Rs. 182.92 crore. Operating cash flow turned positive at Rs. 268.48 crore standalone and Rs. 344.52 crore consolidated. Auditors S.R. Batliboi & Associates LLP issued unmodified opinion with emphasis of matter on ongoing legal proceedings including income tax assessments (Rs. 28.84 crore tax demand) and a Benami property notice. Cost auditor GNV & Associates reappointed and Chief Risk Officer Amit Narain Ahuja appointed.
Positive signal for shareholders as company returned to profitability with strong revenue growth and positive cash flows, though legal proceedings and high debt levels warrant monitoring.