Puravankara Q1 FY27: Pre-sales up 28% to ₹1,439 Cr, Collections up 40% to ₹1,199 Cr
Puravankara reported Q1 FY27 pre-sales of ₹1,439 crore (up 28% YoY) and collections of ₹1,199 crore (up 40% YoY). Average price realization increased 18% YoY to ₹10,589 per sq ft. The company sold 1.36 msft and handed over 0.94 msft. Puravankara also agreed to sell commercial property Purva Zentech for ₹625.94 crore.
The reported growth in key financial metrics like pre-sales and collections, coupled with strategic land acquisitions and a property sale, are material events that are likely to have a significant impact on the company's financial performance and market position.
The announcement details significant year-on-year growth in pre-sales and collections, alongside an increase in average price realization and strategic land acquisitions, indicating strong business performance and positive future outlook.
Puravankara Limited has reported a strong operational update for the quarter ended June 30, 2026. The company achieved pre-sales of ₹1,439 crore, marking a significant 28% year-on-year (YoY) growth. Collections surged by 40% YoY to ₹1,199 crore, indicating sustained customer confidence and effective delivery execution.
Sales area for the quarter stood at 1.36 million square feet (msft), a 9% increase compared to the same period last year. The average price realization also saw an improvement of 18% YoY, reaching ₹10,589 per sq ft. During the quarter, Puravankara successfully handed over 0.94 msft, comprising 745 homes.
In a strategic move, Puravankara entered into a definitive agreement with ICICI Prudential AMC for the sale of its commercial property, Purva Zentech, valued at an enterprise value of ₹625.94 crore. The consideration includes ₹145 crore from the sale of SPV shares and balance sheet adjustments.
Ashish Puravankara, Managing Director, commented on the performance, highlighting the strong start to the year and the resilience of the business strategy. He emphasized that the increase in average price realization reflects the success of their strategic shift towards premiumization and well-located developments.
Furthermore, Puravankara actively expanded its project pipeline by announcing four land transactions during the quarter, with a cumulative Gross Development Value (GDV) of ₹5,200 crore. These include joint development agreements and acquisitions across Sarjapura, Doddagubbi, Sanna Ammanikere, and Mandur in Bengaluru, spanning approximately 41.93 acres with a total development potential of around 4.23 msft.
The company remains on track to achieve its FY2026-27 sales guidance of ₹11,200 crore across the Southern and Western regions, confident in building on the current momentum.
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Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Puravankara Limited. Read the original for the full detail.