Puravankara Limited has informed the Exchange regarding re-appointment of M/s. GNV & Associates (Firm Registration No. 000150), Cost Accountants as Cost Auditor of the Company for financial year 2026-27.
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Puravankara Limited reported strong turnaround with standalone net profit of Rs. 70.35 crore for FY2026 versus a loss of Rs. 198.75 crore in FY2025. Revenue from operations surged to Rs. 2,302.61 crore from Rs. 917.50 crore. Consolidated revenue reached Rs. 3,739.83 crore with net profit of Rs. 56.75 crore versus loss of Rs. 182.92 crore. The Board approved re-appointment of M/s. GNV & Associates as Cost Auditor for FY2026-27 and appointed Mr. Amit Narain Ahuja as Chief Risk Officer effective May 4, 2026. The statutory auditors issued unmodified opinion on both standalone and consolidated financials.
The company has demonstrated significant operational turnaround with near doubling of revenue and return to profitability. The appointment of a Chief Risk Officer adds to governance strength. However, ongoing Income Tax proceedings with potential tax demand of Rs. 28.84 crore and a Benami property notice for land parcels worth Rs. 13.20 crore remain key risks to monitor.