Puravankara Limited has informed the Exchange regarding Outcome of Board Meeting held on February 12, 2026 for reappointment of Mr. Ashish Ravi Puravankara as Managing Director, approval of Postal Ballot Notice and Merger of two Wholly owned subsidiary of the Company
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Puravankara Limited's board approved its Q3 FY26 (quarter ended Dec 31, 2025) standalone and consolidated financial results, along with three other items. On a consolidated basis, revenue from operations jumped to Rs. 1,069.31 crore from Rs. 644.20 crore in the previous quarter, and the company swung to a net profit of Rs. 58.34 crore versus a loss of Rs. 42.99 crore in Q2 FY26. Standalone revenue stood at Rs. 723.32 crore with a net profit of Rs. 63.79 crore (vs. loss of Rs. 36.21 crore in Q2). For the 9-month period, consolidated revenue rose to Rs. 2,237.91 crore from Rs. 1,472.04 crore a year ago, though the company still reported a net loss of Rs. 53.20 crore. The board also approved the re-appointment of Mr. Ashish Ravi Puravankara as Managing Director for another 5-year term (April 1, 2026 to March 31, 2031), subject to shareholder approval via postal ballot, and approved the merger of two wholly-owned subsidiaries — IBID Home Private Limited (transferor) into Purva Woodworks Private Limited (transferee).
A strong sequential rebound with more than doubled revenue and a return to quarterly profitability is a positive signal for shareholders, though the 9-month bottom line remains in the red. MD re-appointment ensures leadership continuity in the Puravankara promoter family, while the subsidiary merger is a routine housekeeping exercise with no material financial impact.