Puravankara Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
PURVA · price
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Puravankara Limited's board approved unaudited Q3 FY26 results showing a sharp turnaround. Standalone revenue from operations surged to Rs. 723.32 crore in Q3 FY26, up from Rs. 189.06 crore in Q3 FY25 (nearly 4x growth), and the company swung to a standalone net profit of Rs. 63.79 crore from a loss of Rs. 82.49 crore a year ago. Consolidated revenue rose to Rs. 1,069.31 crore (vs Rs. 318.17 crore YoY) with a net profit of Rs. 58.34 crore vs a loss of Rs. 92.64 crore. However, the 9-month consolidated figures still show a net loss of Rs. 53.20 crore. The board also approved the re-appointment of Managing Director Ashish Ravi Puravankara for 5 years (April 2026 to March 2031), subject to shareholder approval via postal ballot, and a merger of two wholly-owned subsidiaries — IBID Home Private Limited into Purva Woodworks Private Limited. The auditor included an Emphasis of Matter note on ongoing legal proceedings and tax matters.
Strong sequential and YoY revenue and profit recovery, helped by low base and higher project deliveries, is positive for the stock. However, continued 9-month losses, rising contingent tax exposure (potential impact up to Rs. 61.81 crore vs Rs. 19.03 crore earlier), and legal overhangs remain watchpoints. Subsidiary merger and MD continuity signal operational stability.