Puravankara Shares Surge 13% as Q1 Revenue Climbs 63% YoY
· Business · Economic Times
Puravankara’s shares rose up to 13% to Rs245 on Monday after the developer announced a 63% year‑on‑year jump in revenue for the quarter ended June to Rs877 crore. The company posted a profit after tax of Rs25 crore, reversing a Rs69 crore loss in the same quarter a year earlier. EBITDA margin expanded to 25%, up from 15% in the previous year’s first quarter. Pre‑sales rose 28% to Rs1,439 crore and collections increased 40% year‑on‑year, contributing to an operating surplus of Rs345 crore. The company delivered 745 homes during the quarter, up from 667 units in Q1FY26, maintaining its execution pace. Overall, the data indicate a strong start to FY27 for the firm and positive real‑estate market sentiment.
Why it matters
The profit turnaround and margin expansion give investors confidence in Puravankara’s financial health and reflect broader resilience in the residential and commercial real‑estate sector. Positive cash flow from pre‑sales bolsters the company’s ability to fund future projects.
Read the original report — Economic Times
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