Purvankara Ltd. for the quarter ended September 30, 2025 grew 28% year-on-year to Rs. 663 crores total revenue was recorded. The company posted a sales volume of 1.5 million square feet, up 4% from the previous year, in Q2FY26 at Rs. 1,322 crore in sales.

Average collection increased by 7% to Rs. 8,814 per sq. ft., while customer collections rose 8% to Rs. 1,047 crores. Quarter Rs. It closed with a net loss of Rs 42 crore.

Ashish Puravankara, Managing Director, Puravankara Limited said, “In Q2 of 2FY26, we sustained strong growth momentum driven entirely by subsistence sales, achieving pre-sales of Rs 1,322 crore and collections of Rs 1,047 crore, both growing year-on-year. We added 6 million 36 crore in the first half of the year. This potentially developable area with an estimated GDV of Rs 9,100 crore includes two marquee redevelopment projects in Mumbai at Chembur and Malabar Hill and strategic partnerships in North and East Bengaluru, focusing on expansion in high-demand micro-markets through disciplined capital allocation.

“Now with regulatory clarity following recent bye-law amendments, we are poised to accelerate our launch pipeline of 12.67 million sq ft over the next 3 quarters, including a landmark project spanning 3.48 million sq ft at KIADB Hardware Park in Bengaluru and a launch schedule at Lokdella, both in January 2026. Most of our upcoming projects are in the final stages of approvals, to deliver on our growth plans. We are well positioned while we were marginally impacted by regulatory transitions like e-account implementation and by-law changes,” he said adding that we will achieve our targeted handovers in the next two robust operations.

During Q2FY26, Purvankara posted Rs. 1,322 crore with a gross sales value of 1.5 million sq ft sold and per sq ft Rs. 8,814 received. Collection Rs. 1,047 crores. In H1FY26, the company posted Rs. 2,445 crore sold 2.75 million square feet and an average of Rs. 8,891 per sq. ft. and Rs. 1,904 crore with collections.

In the first half of FY26, Purvankara posted Rs. 1,201 crore in consolidated revenue and Rs. 111 crore net loss was recorded. During the quarter, the company handed over 663 units covering 0.67 million sq ft, while in H1FY26, a total of 1,330 units were handed over at 1.36 million sq ft.

As of September 30, 2025, the company has from completed and ongoing projects Rs. 7,679 crore, from commercial projects Rs. 2,008 crore and from pipeline projects Rs. An increase of 5,881 crore was estimated. A combined estimated surplus of Rs. 15,568 crore, against which the net debt was Rs. 2,894 crore, giving a cover of more than 5x. With a net debt-to-equity ratio of 1.77, the weighted average cost of debt fell to 11.32%.

In H1FY26, the company added 6.36 million sq ft of new development with a potential GDV of over Rs 9,100 crore. Major additions include a 24.59-acre site at KIADB Hardware Park, North Bengaluru, with a developable area of ​​3.48 million sq ft (GDV of over Rs 3,300 crore); A joint development with 0.85 million sq ft (over Rs 1,000 crore GDV) in Balegere, East Bengaluru; and two redevelopment projects in Mumbai – Chembur (1.28 million sq ft, GDV Rs 2,100 crore) and Malabar Hill (0.75 million sq ft, GDV Rs 2,700 crore).

India’s macroeconomic environment remains supportive, with GDP growth at 7.8% in Q1FY26 and IMF forecast at 6.4% for the full year. RBI’s 100 basis point rate cut to 5.5% and capital inflows of USD 1.5 billion in Q2 reflect investor confidence. Demand for real estate continued in key segments, led by offices and data centers, while residential sales and prices increased by 5-10% in major metros such as NCR, Bengaluru and Chennai.

Purvankara said it is positioned to take advantage of the sector’s growth momentum through new launches and disciplined project execution.

The company has completed 93 projects covering around 55 million square feet in nine cities including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa. Its current land bank is around 32 million square feet, with 34 million square feet of ongoing projects.