Puravankara Board Approves FY26 Audited Financials, Appoints Chief Risk Officer
Puravankara Limited reported audited standalone revenue of ₹2,302.61 crore and a net profit of ₹70.35 crore for FY26. Consolidated revenue stood at ₹3,739.83 crore with a net profit of ₹56.75 crore. The company re-appointed its cost auditor and appointed Amit Narain Ahuja as Chief Risk Officer, effective May 4, 2026.
The approval of audited financial results and the appointment of a Chief Risk Officer are material events for the company's governance and financial standing.
The company reported a significant improvement in financial performance with a turnaround from losses to profits on both standalone and consolidated bases, alongside key management appointments.
Puravankara Limited announced the outcome of its Board Meeting held on May 18, 2026. The Board approved the Audited Standalone and Consolidated Financial Statements and Financial Results for the quarter and financial year ended March 31, 2026, along with the Audit Report. The Audit Report from M/s. S.R. Batliboi & Associates LLP, Chartered Accountants, expressed an unmodified opinion.
In addition to the financial results, the Board approved the re-appointment of M/s. GNV & Associates as the Cost Auditor for the Financial Year 2026-27, subject to shareholder ratification. Furthermore, based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Amit Narain Ahuja as the Chief Risk Officer, designated as Senior Managerial Personnel (SMP), effective May 04, 2026.
The financial results indicate a significant turnaround for the financial year ended March 31, 2026. The standalone revenue from operations stood at ₹2,302.61 crore, a substantial increase from ₹917.50 crore in the previous year. The standalone net profit for the year was ₹70.35 crore, compared to a loss of ₹198.75 crore in the prior year. For the quarter ended March 31, 2026, standalone revenue from operations was ₹1,118.73 crore, with a net profit of ₹110.92 crore.
Consolidated revenue from operations for the financial year ended March 31, 2026, reached ₹3,739.83 crore, up from ₹2,013.61 crore in the previous year. The consolidated net profit for the year was ₹56.75 crore, an improvement from a loss of ₹182.92 crore in FY25. The consolidated net profit for the quarter ended March 31, 2026, was ₹109.95 crore.
The meeting commenced at 03:30 P.M. (IST) and concluded at 07:00 P.M. (IST).
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