Puravankara Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
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Puravankara's board approved Q1 FY26 (quarter ended June 30, 2025) unaudited results showing sharp weakness. Standalone revenue from operations fell to Rs. 126.16 crore from Rs. 297.86 crore in Q1 FY25, with a net loss of Rs. 68.15 crore versus Rs. 15.08 crore loss a year ago. Consolidated revenue declined to Rs. 524.40 crore (vs Rs. 658.33 crore) and the company swung from a Rs. 14.78 crore profit in Q1 FY25 to a Rs. 68.55 crore loss. The board also approved the appointment of Ms. Amanda Joy Puravankara (daughter of Chairman) as Additional Whole-time Director and re-appointed three directors for fresh five-year terms. The company plans to divest its entire stake in subsidiary Sobha Puravankara Aviation Private Limited and has set September 29, 2025 for the 39th AGM. Subsidiary Purva Oak issued Rs. 210 crore in listed NCDs during the quarter. The auditor flagged an Emphasis of Matter on ongoing legal proceedings (property and tax matters) with combined deposits, inventories, and receivables of over Rs. 200 crore under litigation.
Q1 FY26 results are weak with revenues and profitability both deteriorating sharply year-over-year, while ongoing legal exposures and tax disputes add risk. Shareholders should watch the planned aviation subsidiary divestiture and the Q1 AGM for clarity on strategy and the widening losses.