NEW DELHI: Puravankara reported a net consolidated loss after tax of ₹68.55 crore for the quarter ending June 30, 2025, compared to a profit after tax of ₹14.78 crore in the same quarter last year, as stated in a BSE filing.
The company’s net consolidated total income for Q1 FY26 was ₹538.64 crore, reflecting a decline of 20.27% from ₹675.55 crore in the same quarter the previous year.
Ashish Puravankara, the company’s managing director, commented, “Our handovers and sales did not meet expectations due to regulatory changes, including e-Khata and modifications in byelaws. Despite this, our team is optimistic about fulfilling our scheduled handovers and launches. Our recent land acquisitions, with a combined GDV potential of ₹6,400 crore, have bolstered our growth pipeline. In Mumbai, redevelopment efforts are showing positive momentum, evidenced by our selection as the preferred developer for eight housing societies in Chembur (GDV exceeding ₹2,100 crore). Additionally, we have entered a joint venture for a 24.59-acre site near the airport in North Bengaluru (GDV over ₹3,300 crore) and signed a joint development agreement for a 5.5-acre parcel in East Bengaluru’s Balegere (GDV surpassing ₹1,000 crore).”
The board of directors has approved the appointment of Amanda Joy Puravankara as an additional director, effective August 08, 2025, to serve as a whole-time director and key managerial personnel until August 07, 2030. Ravi Puravankara’s re-appointment as chairman and whole-time director was also approved for five years starting April 01, 2026, until March 31, 2031. Shailaja Jha and Kulumani Gopalratnam Krishnamurthy have been re-appointed as non-executive independent directors for their respective second five-year terms from February 11, 2026, and June 25, 2026.
In Q1 FY26, the company achieved sales of ₹1,124 crore, reflecting a 6% year-on-year increase, with a sales volume of 1.25 million sq. ft. The average realization increased by 9% to ₹8,988 per sq. ft., while collections amounted to ₹857 crore.
The weighted average cost of debt has decreased to 11.35% as of June 30, 2025, compared to the previous quarter. The net debt is recorded at ₹2,825 crore, yielding a net debt-to-equity ratio of 1.68 for Q1 FY26.
