PURVANSEPuravankara Limited· ConstructionMediumNeutral
Announced Mon, 18 May · 20:16 IST

Puravankara Limited has informed the Exchange regarding Appointment of Mr Amit Narain Ahuja as Other of the company w.e.f. May 18, 2026.

Management Changes View source PDF

PURVA · price

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AI summary

Puravankara Limited reported strong turnaround with standalone net profit of Rs. 70.35 crore for FY26 versus loss of Rs. 198.75 crore in FY25. Standalone revenue nearly doubled to Rs. 2,302.61 crore from Rs. 917.50 crore. Consolidated revenue rose 86% to Rs. 3,739.83 crore with net profit of Rs. 56.75 crore (vs loss of Rs. 182.92 crore). The company also appointed Mr. Amit Narain Ahuja as Chief Risk Officer (designated as Senior Managerial Personnel) effective May 4, 2026. Additionally, M/s GNV & Associates was reappointed as Cost Auditor for FY27. Subsidiaries raised Rs. 1,017 crore via listed debentures. Auditors gave unmodified opinion on financial statements.

Likely market impact

The company returned to profitability after two years of losses, a positive signal for shareholders. Revenue growth was driven by higher project completions and sales. The appointment of a Chief Risk Officer strengthens senior management oversight.