Puravankara Q2 results show revenue growth but wider losses; internal CFO elevation
PURVA · price
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Puravankara Q2 FY26 consolidated revenue rose 30 percent year on year to Rs 644.20 crore, but net loss widened to Rs 42.99 crore from Rs 17.06 crore a year ago. H1 FY26 net loss grew to Rs 111.54 crore versus a Rs 2.28 crore loss last year. Standalone Q2 revenue was Rs 334.40 crore with a Rs 36.21 crore loss. Board elevated Niraj Kumar Gautam from Deputy CFO to CFO effective Sept 24, 2025. Ongoing income tax and benami property litigations flagged.
Widening losses, weak H1 performance, and pending tax and land litigations remain concerns; internal CFO elevation signals management continuity.