Puravankara Limited has informed the Exchange regarding Outcome of Board Meeting held on August 08, 2025.
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Awaiting price reaction for this filing.
Puravankara Limited reported weak Q1 FY26 (quarter ended June 30, 2025) results, with standalone revenue from operations falling sharply to Rs. 126.16 crore from Rs. 297.86 crore in the same quarter last year, and standalone net loss widening to Rs. 68.15 crore from Rs. 15.08 crore. Consolidated revenue declined to Rs. 524.40 crore from Rs. 658.33 crore, swinging from a Rs. 14.78 crore profit to a Rs. 68.55 crore loss. The Board appointed Ms. Amanda Joy Puravankara (daughter of Chairman) as Additional Whole-time Director and re-appointed Chairman Ravi Puravankara and two independent directors for second terms. The Board also approved initiating due diligence to sell its entire stake in subsidiary Sobha Puravankara Aviation Private Limited and set September 29, 2025 for the 39th AGM. The auditor's review report includes an emphasis of matter on ongoing legal proceedings related to property, income tax search, and other matters.
Sharply lower revenue and a wider quarterly loss are negative for the stock, reflecting weak real estate sales execution in Q1 FY26. The proposed divestment of the aviation subsidiary and continued leadership continuity provide some stability, but ongoing legal/tax exposures and the related-party appointment of a promoter-family member may draw investor attention.