Puravankara Board Approves Q3 FY26 Results, Reappoints MD, Greenlights Merger
Puravankara Limited reported a standalone profit after tax of ₹63.79 crore for Q3 FY26, a turnaround from a loss of ₹82.49 crore in Q3 FY25. Consolidated profit after tax was ₹58.34 crore, up from a loss of ₹92.64 crore. The board reappointed Ashish Ravi Puravankara as MD for 5 years and approved the merger of two wholly-owned subsidiaries.
The significant improvement in financial results, coupled with the re-appointment of the Managing Director and a strategic merger, are material events that will likely have a considerable impact on the company's future performance and investor sentiment.
The company reported a strong turnaround in profitability for the quarter, moving from significant losses to substantial profits on both standalone and consolidated bases. The re-appointment of the Managing Director and approval of a merger are also positive developments.
Puravankara Limited's Board of Directors, in a meeting held on February 12, 2026, approved the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board also approved the re-appointment of Mr. Ashish Ravi Puravankara as Managing Director for a period of five years, commencing from April 1, 2026, subject to shareholder approval via postal ballot.
Furthermore, the Board gave its nod for the merger of IBID Home Private Limited and Purva Woodworks Private Limited, both wholly-owned subsidiaries of the company. The meeting commenced at 02:30 P.M. (IST) and concluded at 06:15 P.M. (IST).
The financial results indicate a significant turnaround in profitability. For the quarter ended December 31, 2025, the company reported a standalone profit after tax of ₹63.79 crore, a substantial improvement from a loss of ₹82.49 crore in the corresponding quarter of the previous year. On a consolidated basis, the profit after tax for the quarter was ₹58.34 crore, compared to a loss of ₹92.64 crore in the same period last year.
The company also noted that the merger of IBID Home Private Limited (Transferor Company) and Purva Woodworks Private Limited (Transferee Company) has been approved. Details as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are enclosed as Annexure II.
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