News

Puravankara Limited reported revenue from operations of Rs 511.92 Crores for the quarter ended June 30, 2026, alongside a profit after tax of Rs 17.87 Crores and earnings per share of Rs 1.22. The company has entered into an agreement to sell its shareholding in Purva Ruby Properties Private Limited, pending regulatory approvals. Several ongoing legal proceedings involve deposits and advances of Rs 51.31 Crores related to land title, minority shareholder claims totaling Rs 35.00 Crores, and inventories valued at Rs 82.70 Crores. Additionally, receivables are subject to litigation, amounting to Rs 64.20 Crores and Rs 20.40 Crores, and the company is appealing income tax assessments with a potential impact of Rs 45.08 Crores. Management anticipates favorable outcomes in these proceedings and has not made any provisions in the financial results.

Puravankara will hold a meeting of the Board of Directors of the Company on 14 August 2026.

Puravankara has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The project has a saleable area of approximately 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor. This latest addition further strengthens Puravankara`s development pipeline in the city, bringing the company`s total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.

Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru`s fast-developing airport corridor. The outright acquisition has a development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of Rs 800 crore. The acquisition reinforces Puravankara`s strategy of strengthening its presence across high-growth Bengaluru micro-markets through a balanced mix of outright purchases and capital-efficient partnerships. The upcoming residential development will cater to the growing demand for thoughtfully designed homes in well-connected urban growth corridors.

Puravankara has secured a 14.57-acre land parcel located in Mandur, Budigere in Bengaluru with a potential gross development value of around Rs. 2,300 crore. Out of this, 7.92 acres is part of a joint development agreement (JDA), while 6.65 acres has been purchased by Puravankara. The total saleable area for the entire project will be approximately 1.8 msft.