Puravankara Limited has informed the Exchange about reappointment of Mr. Ashish Ravi Puravankara as Managing Director of the Company
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Puravankara Limited's board, at its February 12, 2026 meeting, approved its unaudited Q3 FY26 (quarter ended December 31, 2025) and 9M FY26 results, along with the re-appointment of Mr. Ashish Ravi Puravankara as Managing Director for another 5-year term from April 1, 2026 to March 31, 2031, subject to shareholder approval via postal ballot. Standalone revenue from operations jumped to Rs. 723.32 crore in Q3 FY26 (vs Rs. 189.06 crore in Q3 FY25), with the company swinging to a net profit of Rs. 63.79 crore from a loss of Rs. 82.49 crore a year ago; 9M FY26 standalone revenue rose to Rs. 1,183.88 crore (vs Rs. 762.29 crore) though it still posted a 9-month net loss of Rs. 40.57 crore. Consolidated Q3 revenue stood at Rs. 1,069.31 crore with net profit of Rs. 58.34 crore. The board also approved the merger of wholly-owned subsidiaries IBID Home Private Limited into Purva Woodworks Private Limited.
Strong operational turnaround in Q3 FY26 with sharp revenue growth and a return to standalone profitability is positive for shareholders, though ongoing legal/tax proceedings and continued 9-month loss remain watchpoints. Re-appointment of a promoter-family MD provides leadership continuity but will require shareholder nod via postal ballot.