Puravankara Limited has informed the Exchange regarding Outcome of Board Meeting held on May 18, 2026 for re-appointment of cost auditor
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Puravankara Limited reported strong audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations surged 151% to Rs. 2,302.61 crore from Rs. 917.50 crore in FY2025, while consolidated revenue grew 86% to Rs. 3,739.83 crore. The company turned profitable with standalone net profit of Rs. 70.35 crore versus a loss of Rs. 198.75 crore in FY2025, and consolidated net profit of Rs. 56.75 crore versus loss of Rs. 182.92 crore. Statutory auditors S.R. Batliboi & Associates LLP issued an unmodified opinion, though the audit report includes an Emphasis of Matter paragraph regarding ongoing legal proceedings including Income Tax search (October 2023), tax assessment orders with potential impact of Rs. 28.84 crore, and property-related litigations. The Board also re-appointed M/s GNV & Associates as Cost Auditor for FY 2026-27 and appointed Amit Narain Ahuja as Chief Risk Officer.
The company has shown exceptional turnaround with revenue more than doubling and returning to profitability after significant losses. However, shareholders should note the Emphasis of Matter on ongoing legal proceedings and tax disputes, and the high leverage ratio in consolidated financials (borrowings of Rs. 5,572 crore against equity of Rs. 1,776 crore).