PURVA
Puravankara share price & financials
- Price
- ₹220.36
- Market cap
- ₹5.2k Cr
- Sector
- Realty
- Calls analysed
- 8
Puravankara Q1 FY27
What went well
- Presales grew 28% YoY to INR 1,439 crores, driven by 9% volume growth and 18% realization increase.
- Total income increased 63% YoY to INR 877 crores, supported by higher handovers.
- EBITDA margin expanded significantly to 25% from 15% in Q1 FY26, and PAT turned positive at INR 25 crores.
What to watch
- Project approval delays in Karnataka, specifically for Hennur Road, due to changes in government and ministries.
What Puravankara does
Puravankara is a Bengaluru-headquartered real estate developer with a five-decade operating history, building residential and commercial projects across nine Indian cities plus an international project in Colombo, Sri Lanka. It runs a three-brand residential portfolio - Purva for luxury housing, Provident for mid-income homes, and Purva Land for plotted developments - and earns by acquiring land, developing residential and commercial properties, and selling or leasing completed space. Group companies extend the value chain: Starworth Infrastructure and Construction Ltd is its in-house EPC arm for tech-enabled and precast project execution, and Purva Streaks is its interior design and home-personalisation business.
Segments
- Residential Real Estate
- Commercial Real Estate
- Construction (EPC)
- Interior Design
- Completed projects delivered
- 93
- Completed developable area
- 56.10 msft
- Land bank (developable area)
- 37.65 msft
- Ongoing projects developable area
- 34.35 msft
- Homes under development
- 22,000+
- Cities of operation
- 9 Indian cities (Bengaluru, Chennai, Hyderabad, Kochi, Mangalore, Goa, Mumbai, Pune) plus an international project in Colombo, Sri Lanka
Guidance record · Q1 FY27
what the last two calls moved 22 tracked 4 delivered 5 missed 13 open- Project Launch Timeline missed said Q2 FY25 Promised: Launch Thane and Lokhandwala projects before March 31, 2025 Q1 FY27: This is a historical promise that was missed. No new updates.
- Net Debt at risk said Q2 FY25 Promised: Bring net debt down towards 0 in the next 3-4 years Q1 FY27: Net debt increased sharply to ₹2,836 cr. Management also stated they have no guidance for zero debt in 2-3 years and that debt is an important part of the business, contradicting the original promise's spirit.
- Land Bank Size on track said Q2 FY25 Promised: Increase land bank to 45 million sq ft in 2-3 years Q1 FY27: Added 4 new opportunities with a development potential of 4.23 million square feet, continuing progress towards the target.
All 22 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 306.3%, net profit up 126.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 275 | 189 | 155 | 126 | 334 +21% | 723 +283% | 1,119 +622% | 512 +306% |
| EBITDA | 10 | -9 | -46 | -31 | 13 +30% | 124 +1478% | 195 +524% | 82 +365% |
| Net profit | -25 | -82 | -76 | -68 | -36 −44% | 64 +178% | 111 +246% | 18 +126% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.9% 1Y
1Y: ₹286 on 10 Sept 2025 → ₹212.06. High ₹286 (10 Sept 2025), low ₹163.06 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +3.8%
- 17 Aug
- Q4 FY26
- +1.9%
- 25 May
- Q3 FY26
- +0.6%
- 13 Feb
- Q2 FY26
- −1.0%
- 10 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 23.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.2k Cr | ₹1.1k Cr | ₹917 Cr | ₹2.3k Cr |
| Operating profit | ₹228 Cr | ₹153 Cr | ₹-23 Cr | ₹301 Cr |
| Operating margin | 18.5% | 13.8% | -2.5% | 13.1% |
| Interest | ₹360 Cr | ₹223 Cr | ₹248 Cr | ₹288 Cr |
| Depreciation | ₹17 Cr | ₹11 Cr | ₹12 Cr | ₹12 Cr |
| Net profit | ₹67 Cr | ₹33 Cr | ₹-198 Cr | ₹71 Cr |
| Net margin | 5.4% | 3.0% | -21.6% | 3.1% |
| Cash from operations | ₹47 Cr | ₹855 Cr | ₹-16 Cr | ₹268 Cr |
| Free cash flow | ₹65 Cr | ₹847 Cr | ₹-23 Cr | ₹263 Cr |
| ROCE | 6.0% | 7.0% | 1.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹119 Cr | ₹119 Cr | ₹119 Cr | ₹119 Cr | ₹119 Cr | ₹119 Cr |
| Reserves | ₹1.5k Cr | ₹1.7k Cr | ₹1.7k Cr | ₹1.6k Cr | ₹1.5k Cr | ₹1.4k Cr |
| Borrowings | ₹1.9k Cr | ₹1.5k Cr | ₹1.7k Cr | ₹2.0k Cr | ₹4.5k Cr | ₹2.4k Cr |
| Other liabilities | ₹2.2k Cr | ₹2.3k Cr | ₹2.9k Cr | ₹3.9k Cr | ₹9.2k Cr | ₹5.2k Cr |
| Total liabilities | ₹5.7k Cr | ₹5.7k Cr | ₹6.4k Cr | ₹7.6k Cr | ₹15.3k Cr | ₹9.1k Cr |
| Fixed assets | ₹63 Cr | ₹50 Cr | ₹38 Cr | ₹58 Cr | ₹233 Cr | ₹51 Cr |
| Capital work in progress | ₹0 Cr | ₹3 Cr | ₹0 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹70 Cr | ₹46 Cr | ₹278 Cr | ₹351 Cr | ₹47 Cr | ₹405 Cr |
| Other assets | ₹5.5k Cr | ₹5.6k Cr | ₹6.1k Cr | ₹7.1k Cr | ₹15.1k Cr | ₹8.7k Cr |
| Total assets | ₹5.7k Cr | ₹5.7k Cr | ₹6.4k Cr | ₹7.6k Cr | ₹15.3k Cr | ₹9.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.71 pp while FIIs trimmed −0.64 pp. The shareholder count shrank 5% to 43,565.
- Promoters
- 75.0%
- FIIs
- 16.6%
- DIIs
- 0.6%
- Public
- 7.8%
Since Jun 2025
- Public +0.71 pp
- FIIs −0.64 pp
- DIIs −0.08 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 16.3%, DIIs 0.4%, Public 8.3%.Dec '23: Promoters 75.0%, FIIs 16.5%, DIIs 0.4%, Public 8.1%.Mar '24: Promoters 75.0%, FIIs 16.6%, DIIs 0.4%, Public 7.9%.Jun '24: Promoters 75.0%, FIIs 17.0%, DIIs 0.9%, Public 7.0%.Sep '24: Promoters 75.0%, FIIs 17.2%, DIIs 0.8%, Public 7.0%.Dec '24: Promoters 75.0%, FIIs 17.2%, DIIs 0.8%, Public 6.9%.Mar '25: Promoters 75.0%, FIIs 17.3%, DIIs 0.8%, Public 6.9%.Jun '25: Promoters 75.0%, FIIs 17.3%, DIIs 0.7%, Public 7.1%.Sep '25: Promoters 75.0%, FIIs 17.2%, DIIs 0.5%, Public 7.3%.Dec '25: Promoters 75.0%, FIIs 17.2%, DIIs 0.5%, Public 7.3%.Mar '26: Promoters 75.0%, FIIs 16.7%, DIIs 0.5%, Public 7.7%.Jun '26: Promoters 75.0%, FIIs 16.6%, DIIs 0.6%, Public 7.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Puravankara above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ravi Puravankara | 75.00% | unchanged |
| Atyant Capital India Fund - I FPI fund | 4.76% | unchanged |
| Gothic Corporation Endowment | 4.38% | unchanged |
| Vanderbilt University-Atyant Capital Management Endowment | 2.86% | unchanged |
| The Duke Endowment Endowment | 1.74% | unchanged |
| Gothic Hsp Corporation Endowment | 1.64% | unchanged |
| Aarati Puravankara | 0.00% | unchanged |
| Ashish Puravankara | 0.00% | unchanged |
| Amanda Puravankara | 0.00% | unchanged |
| Vishalakshi Puravankara | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Puravankara
Guides on how to read this kind of business and the numbers that matter.