Puravankara Limited has informed the Exchange of the Operational Update for Q1 FY26
PURVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Puravankara reported Q1FY26 pre-sales of Rs 1,124 crore, up 6% year-on-year from Rs 1,064 crore, even with no new project launches in the quarter. Average price realisation improved 9% to Rs 8,988 per sq ft, and customer collections stood at Rs 857 crore. Sales volume dipped marginally to 1.25 million sq ft from 1.29 million sq ft in Q1FY25. The company strengthened its portfolio by winning a redevelopment mandate for 8 housing societies in Chembur, Mumbai (Rs 2,100 crore GDV potential) and signing a joint development agreement for a 5.5-acre land parcel in East Bengaluru (over Rs 1,000 crore GDV potential), adding Rs 3,100 crore in fresh GDV. The company also noted it is on track to deliver 2.2 million sq ft of commercial projects this year and is entering its 50th year of operations.
Positive for the stock — healthy pre-sales growth, improved pricing power, and two sizeable new project additions totalling Rs 3,100 crore in potential GDV point to strong forward visibility. The Mumbai redevelopment win is strategically significant and should be viewed favourably by investors.