Curation Team
NEW DELHI: Puravankara reported net consolidated loss after tax of ₹68.55 crore during the quarter ended June 30, 2025. It had registered profit after tax of ₹14.78 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at ₹538.64 crore in Q1 FY26, a decline of 20.27 per cent from ₹675.55 crore it recorded in the similar quarter last year.
Ashish Puravankara, managing director of the company said, “Our handovers and sales were less than our expectations due to regulatory changes, including e-Khata and changes in byelaws. However, our team is confident of achieving the scheduled handover and launches. Our recent land acquisitions with an aggregate GDV potential of ₹6,400 crore have further strengthened our growth pipeline. In Mumbai, redevelopment continues to gain traction, with our appointment as the preferred developer for eight housing societies in Chembur (GDV over ₹2,100 crore). In the South, we have entered a JV for a 24.59-acre parcel near the airport in North Bengaluru (GDV over ₹3,300 crore) and signed a JDA for a 5.5-acre parcel in Balegere, East Bengaluru (GDV over ₹1,000 crore).
The board of directors approved Amanda Joy Puravankara as an additional director in the capacity of a whole-time director and designated as key managerial person with effect from August 08, 2025, to August 07, 2030, re-appointment of Ravi Puravankara, chairman and whole-time director, for a period of five years commencing from April 01, 2026, till March 31, 2031, re-appointment of Shailaja Jha as non-executive independent director for second term of five consecutive years with effect from February 11, 2026, upto February 10, 2031 and re-appointment of Kulumani Gopalratnam Krishnamurthy as non-executive independent director for second term of five consecutive years with effect from June 25, 2026, upto June 24, 2031.In Q1 FY26, the company recorded sales of ₹1,124 crore, up six per cent year-on-year, on sales volume of 1.25 million sq. ft. The average realisation rose nine per cent to ₹8,988 per sq ft, while collections stood at ₹857 crore.
The weighted average cost of debt has reduced to 11.35% as of June 30, 2025, compared with last quarter. Net debt stood at ₹2,825 crore, with a net debt-to-equity ratio of 1.68 for Q1 FY26.
