Puravankara Limited has informed the Exchange about the transcript of the earnings call held on Friday, August 08, 2025, on the Unaudited standalone and consolidated financial results for the quarter ended June 30, 2025
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Puravankara reported Q1 FY26 pre-sales of Rs. 1,124 crore, up 6% year-on-year, with average realisation improving 9% YoY to Rs. 8,988 per sq ft. Customer collections stood at Rs. 857 crore and sales volume at 1.25 million sq ft, but the company posted a Rs. 69 crore loss on Rs. 539 crore revenue with EBITDA margin at 15%, partly hurt by e-Khata-driven handover delays affecting 3,015 completed units awaiting possession. Gross debt reduced by Rs. 138 crore to Rs. 2,825 crore (net debt-to-equity of 1.68), with cost of debt at 11.35% and a cash balance of Rs. 718 crore. Management outlined a launch pipeline of 12.32 million sq ft (including 9.22 million sq ft of new projects) and disclosed new business development deals with over Rs. 6,400 crore GDV, including Chembur redevelopment, a North Bengaluru JDA, and an East Bengaluru land parcel. On the commercial side, an IKEA LOI was signed for 80,000 sq ft at Purva Zentech at Rs. 150 per sq ft (vs market rates of Rs. 100-120), with 15% of the asset already monetised.
Strong launch pipeline and West region momentum (sales up 58% YoY) support future growth visibility, but near-term revenue and collections remain pressured by e-Khata delays. Improving debt metrics and active BD pipeline are positives, though the Q1 loss and management's reluctance to give specific pre-sales guidance may limit near-term upside.