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Puravankara Q2 Results: Net Profit at ₹84 Cr, Income Rises to ₹1,051 Cr
Sentiment: PositiveHigh Priority
What Happened?
Puravankara Ltd reported a consolidated net profit of ₹83.74 crore for Q2 2026, a recovery from a net loss of ₹42.99 crore a year earlier. Total income surged to ₹1,051.02 crore from ₹662.73 crore in the same quarter last year.
Key points
- Puravankara's total income rose to ₹1,051.02 crore in Q2 2026.
- The company posted a net profit of ₹107.24 crore in the first half of the fiscal year.
- Total income for the first half surged to ₹1,928.17 crore from ₹1,201.37 crore a year ago.
- Managing Director Ashish Puravankara highlighted a reduction in net debt by ₹470 crore.
- The company has 3,644 completed units pending revenue recognition.
- Puravankara has completed 98 projects totaling 60 million sq ft across nine cities.
Key insights
- The increase in net profit may attract more investors to Puravankara.
- A strong launch pipeline could support sustained growth in future quarters.
- The reduction in net debt may improve the company's financial stability.
Why it matters
The financial recovery indicates Puravankara's effective execution and growth strategy in the real estate market.
Tags
Entities
Puravankara Ltd· CompanyBengaluru· City
Source
Business Standard
