Puravankara Shares Soar 12%: Strong Q3 FY26 Performance and Strategic Acquisitions
During Wednesday’s trading session, shares of one of India’s most trusted real estate developers, Puravankara Limited, surged nearly 12 percent on the BSE. This significant rise came after the company announced expanding its portfolio with Rs. 13,900 crores GDV in Acquisitions in 9MFY26 in its latest business update.
At 10:09 a.m., shares of Puravankara Limited were trading in the green at Rs. 253 on BSE, up by around 10 percent, compared to its previous closing price of Rs. 230.15, with a market cap of Rs. 5,999.8 crores. The stock has delivered negative returns of over 26 percent in the last one year, but has gained by around 5 percent in the last month.
Latest Business Updates
As per its latest regulatory filing, Puravankara Limited reported pre-sales of Rs 1,414 crores in Q3 FY26, marking a 7 percent QoQ and 17 percent YoY growth. The average price realisation improved by 12 percent YoY, while customer collections for the quarter rose to Rs 1,140 crores, up by 22 percent YoY and 9 percent QoQ.
Commenting on performance, Ashish Puravankara, Managing Director, stated that during 9M FY26, the company strengthened its development pipeline by adding 12.76 msft of potential developable area with an estimated gross development value (GDV) of ~Rs. 13,900 crore. Key additions included land acquisitions and redevelopment projects across Bengaluru and Mumbai, with continued emphasis on disciplined execution in high-demand micro-markets.
In Q3 FY26, sales area stood at 1.49 msft, a 4 percent YoY rise, though marginally lower sequentially. Average realisation improved to Rs. 9,500 per sq ft, reflecting 12 percent YoY and 8 percent QoQ growth.
During the quarter, the company handed over 1.23 msft, delivering 1,116 homes. This took cumulative deliveries in 9M FY26 to 2.58 msft, covering 2,446 homes, reflecting progress in execution and project completions.
New Launches (9M FY26)
In Q3 FY26, Puravankara launched Purva Silversky at Anekal Taluk, Bengaluru. The project offers a saleable area of 7,73,111 sq ft and comprises 356 residential units across 3, 4, and 5 BHK configurations.
For 9M FY26, the company launched a total saleable area of 2.83 msft, of which 2.05 msft came from new phase launches, reflecting a measured approach to project additions.
Business Development (9M FY26)
In Anekal Taluk, Bengaluru, Puravankara acquired a 53.5-acre land parcel at Attibele Hobli, offering 6.4 msft of developable area with an estimated GDV of ~Rs. 4,800 crore.
In Malabar Hill, Mumbai, the company, through its wholly owned subsidiary, secured a redevelopment project spanning 1.43 acres, with a potential development area of 0.7 msft and an estimated GDV of ~Rs. 2,700 crore.
At Balegere, East Bengaluru, Puravankara entered into a joint development agreement for a 5.5-acre land parcel, carrying a combined GDV potential of over Rs. 1,000 crore.
In Chembur, Mumbai, the company was selected as the preferred developer for the redevelopment of eight residential societies, unlocking over 1.2 msft of development potential across approximately 4 acres, with an estimated GDV of ~Rs. 2,100 crore.
Additionally, at KIADB Hardware Park, North Bengaluru, Puravankara partnered with KVN Property Holdings LLP for a 24.59-acre land parcel, providing 3.48 msft of developable area and a potential GDV exceeding Rs. 3,300 crore.
Q2FY26 results comprised Puravankara reporting a significant growth in revenue from operations, experiencing a year-on-year increase of around 30 percent, from Rs. 496 crores in Q2 FY25 to Rs. 644 crores in Q2 FY26. However, profitability weakened, as the net loss widened to Rs. 43 crore from Rs. 17 crore, marking a 153 percent YoY increase in losses.
