Bengaluru, November 8, 2025 – Real estate major Puravankara Limited has reported robust financial growth for the second quarter of the fiscal year 2025-26, signaling sustained momentum in the Indian property market. The company announced a total revenue of ₹663 crore for Q2 FY26, marking an impressive 28% increase year-on-year (YoY).
The revenue surge was primarily driven by strong project handovers and consistent demand across key markets.
Key Financial and Operational Highlights
While revenue saw a significant jump, the company’s operational performance showcased strong underlying demand:
- Pre-Sales Momentum: Puravankara achieved pre-sales of ₹1,322 crore, representing a 4% increase over the previous year. This was achieved on a sales volume of 1.5 million square feet (msft).
- Collections: Customer collections for the quarter grew by 8% YoY, reaching ₹1,047 crore, reflecting strong cash flow management and project execution confidence.
- Realization: The average realization (price per square foot) rose by a healthy 7% to ₹8,814 per sq. ft., indicating strong pricing power in high-demand micro-markets.
- Net Loss: Despite the robust revenue growth, the company reported a consolidated net loss of ₹42 crore for the quarter, largely attributed to higher interest costs and regulatory transitions impacting timely handovers.
Strategic Expansion Drives Future Growth
Looking ahead, Puravankara is aggressively expanding its development pipeline to capitalize on the positive macroeconomic environment and India’s growing real estate demand.
Ashish Puravankara, Managing Director, stated that the company is poised to accelerate its launch pipeline of 12.67 million sq. ft over the next three quarters.
The company’s strategic focus in the first half of FY26 (H1 FY26) included adding over 6.36 msft of developable area with an estimated Gross Development Value (GDV) of over ₹9,100 crore. Key upcoming projects include:
- Mumbai Redevelopment: Marquee redevelopment projects secured in high-value areas like Chembur and Malabar Hill.
- Bengaluru Expansion: Strategic partnerships in high-demand micro-markets across North and East Bengaluru, including a landmark project at the KIADB Hardware Park.
The company remains confident in achieving its targeted handovers and leveraging the current buoyancy in the residential real estate sector across metros like Bengaluru, Chennai, and Mumbai.