Puravankara swings to Q4 profit as revenue jumps 173% on project handovers

Bengaluru: Real estate developer Puravankara reported a sharp jump in fourth-quarter revenue and returned to profit, helped by higher project handovers and record sales bookings during the year.


The Bengaluru-based company’s total income rose 173% year-on-year to Rs 1,541 crore in the January to March quarter, from Rs 564 crore a year earlier. Profit for the period stood at Rs 110 crore, compared with a loss of Rs 88 crore in the corresponding quarter last year.


For the full financial year ended March 2026, total income increased 84% to Rs 3,846 crore from Rs 2,093 crore a year earlier. The company reported a profit of Rs 57 crore for FY26, against a loss of Rs 183 crore in FY25.


Puravankara said handover acceleration contributed to profitability during the quarter. Customer collections rose 36% year-on-year to Rs 1,213 crore in Q4, while quarterly sales value surged 190% to Rs 3,547 crore.


The company recorded its highest-ever annual sales bookings of Rs 7,407 crore in FY26, up 55% from the previous year, driven by new launches. Sales realisation improved 21% year-on-year to Rs 10,213 per square foot during FY26, while average realisation in the March quarter rose 37% to Rs 11,787 per square foot.


Puravankara said non-Bengaluru projects now account for 52% of its ongoing portfolio, with Mumbai and Pune together contributing 25% of its planned pipeline. The company currently has 36.69 million square feet of ongoing area and a planned pipeline of 15.05 million square feet.


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