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

Puravankara Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

PURVA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Puravankara Limited reported strong financial recovery for FY26 with standalone revenue of Rs. 2,302.61 crore (up 151% from Rs. 917.50 crore in FY25) and standalone net profit of Rs. 70.35 crore versus a loss of Rs. 198.75 crore in the previous year. Consolidated revenue stood at Rs. 3,739.83 crore (up 86% YoY) with consolidated net profit of Rs. 56.75 crore versus a loss of Rs. 182.92 crore in FY25. The Board also approved re-appointment of M/s GNV & Associates as Cost Auditor for FY27 and appointed Mr. Amit Narain Ahuja as Chief Risk Officer effective May 4, 2026. Statutory auditors S.R. Batliboi & Associates LLP issued an unmodified opinion. Note: The headline mentions 'Change in Auditors' but no such change is evident in the filing content — the document appears to be a financial results announcement.

Likely market impact

The company has returned to profitability with significant revenue growth, indicating operational recovery. Shareholders may view this positively, though the discrepancy between the filing headline and actual content regarding auditor change should be noted.