{"id":180562,"date":"2026-02-13T03:27:08","date_gmt":"2026-02-13T08:27:08","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180562"},"modified":"2026-02-13T03:27:10","modified_gmt":"2026-02-13T08:27:10","slug":"puravankara-limited-reports-strong-q3-fy26-revenue-growth-on-higher-handovers-ebitda-margin-improves","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/puravankara-limited-reports-strong-q3-fy26-revenue-growth-on-higher-handovers-ebitda-margin-improves\/","title":{"rendered":"Puravankara Limited reports strong Q3 FY26 revenue growth on higher handovers; EBITDA margin improves"},"content":{"rendered":"\n<p><strong>Puravankara Limited (NSE: PURVA, BSE: 532891)<\/strong> reported a sharp year-on-year increase in revenue and a return to quarterly profitability in the December quarter, supported by a higher number of unit handovers and improved realizations, according to the company\u2019s investor presentation on unaudited standalone and consolidated results for Q3 and nine months ended Dec. 31, 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 performance<\/h2>\n\n\n\n<p>Revenue from operations rose to <strong>\u20b91,069 crore<\/strong> in Q3 FY26 from <strong>\u20b9318 crore<\/strong> a year earlier, driven by a rise in handovers to <strong>1,116 units<\/strong> compared with <strong>249 units<\/strong> in Q3 FY25. <strong>Total income increased to \u20b91,104 crore<\/strong> from <strong>\u20b9334 crore<\/strong>.<\/p>\n\n\n\n<p>The company reported <strong>profit after tax of \u20b958 crore<\/strong> in Q3 FY26, compared with a <strong>loss of \u20b993 crore<\/strong> in the year-ago quarter. Operating performance improved as <strong>EBITDA margin expanded to about 23%<\/strong>, versus <strong>10%<\/strong> in Q3 FY25, reflecting operating leverage and improved pricing. <strong>Average realizations increased 12% year on year to about \u20b99,500 per sq. ft.<\/strong>, supported by a favorable product mix and price increases across key markets.<\/p>\n\n\n\n<p><strong>Pre-sales value rose 17% year on year to about \u20b91,414 crore<\/strong>, while <strong>sales volume increased to 1.49 million sq. ft.<\/strong>, up from 1.43 million sq. ft. a year earlier. <strong>Customer collections stood at about \u20b91,140 crore<\/strong>, indicating strong cash inflows in the quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nine-month FY26 snapshot<\/h2>\n\n\n\n<p>For the nine months ended Dec. 31, 2025, <strong>pre-sales value increased to about \u20b93,859 crore<\/strong>, up from <strong>\u20b93,543 crore<\/strong> in 9M FY25. <strong>Total revenue rose to \u20b92,305 crore<\/strong> from <strong>\u20b91,529 crore<\/strong> in the prior-year period, driven by higher handovers across Bengaluru, Chennai, Kochi, Mumbai and Pune.<\/p>\n\n\n\n<p>Despite the revenue growth, <strong>profit after tax for 9M FY26 remained a loss of about \u20b953 crore<\/strong>, though the loss narrowed from <strong>\u20b995 crore<\/strong> in 9M FY25. <strong>EBITDA margin for the nine-month period stood at about 20%<\/strong>, reflecting improved operating performance versus the prior year. <strong>Customer collections reached about \u20b93,045 crore<\/strong>, up from <strong>\u20b92,820 crore<\/strong> in the year-ago period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sales mix and regional performance<\/h2>\n\n\n\n<p>South India remained the largest contributor to sales, supported by launches such as <strong>Purva Silversky in Bengaluru<\/strong> and sustained demand across ongoing projects. In the western region, sales value increased on the back of the <strong>Purva Panorama<\/strong> launch in Thane, Mumbai. The company reported higher realizations across most geographies, reflecting improved pricing discipline and a mix shift toward premium projects.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Project pipeline and land acquisitions<\/h2>\n\n\n\n<p>During the first nine months of FY26, Puravankara launched <strong>2.83 million sq. ft.<\/strong> of new projects and completed <strong>3.27 million sq. ft.<\/strong> of developments. The company also announced land acquisitions and redevelopment projects with an estimated <strong>gross development value of about \u20b913,900 crore<\/strong>, including projects in Bengaluru and Mumbai, which are expected to support medium-term sales visibility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Balance sheet and cash flow position<\/h2>\n\n\n\n<p>Gross debt declined sequentially by <strong>\u20b935 crore<\/strong> in Q3 FY26, while <strong>net debt fell by \u20b9244 crore<\/strong>, supported by strong collections and improved cash generation. <strong>Net debt-to-equity improved to about 1.47x<\/strong> as of Dec. 31, 2025. Management said projected cash flow surpluses from ongoing and pipeline projects are expected to comfortably cover outstanding debt over the medium term.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p>Puravankara delivered strong revenue growth and returned to quarterly profitability in Q3 FY26, driven by higher handovers, improved realizations and operating leverage. Pre-sales and collections improved, supporting cash flows and balance-sheet deleveraging. With a sizeable launch pipeline and recent land acquisitions, the company has visibility on sales momentum over the coming quarters, though full-year profitability remains sensitive to the pace of handovers and execution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Puravankara Limited (NSE: PURVA, BSE: 532891) reported a sharp year-on-year increase in revenue and a return to quarterly profitability in the December quarter, supported by a higher number of unit handovers and improved realizations, according to the company\u2019s investor presentation on unaudited standalone and consolidated results for Q3 and nine months ended Dec. 31, 2025. [&hellip;]<\/p>\n","protected":false},"author":2409,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392],"tags":[16403,16401,16402],"class_list":["post-180562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","tag-housing-construction-sector","tag-real-estate-development-industry","tag-residential-property-market"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":169996,"url":"https:\/\/alphastreet.com\/india\/puravankara-q1-fy26-earnings-results\/","url_meta":{"origin":180562,"position":0},"title":"Puravankara Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 11, 2025","format":false,"excerpt":"Company is in the business of development and sale of real estate. 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Q1 FY26 Earnings Results Total Revenue: \u20b9524 crore, down 20.3% year-over-year (YoY) from \u20b9675.6 crore in Q1\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Puravankara Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-6.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-6.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179997,"url":"https:\/\/alphastreet.com\/india\/sportking-india-limited-posts-q3-fy26-profit-growth-revenue-rises-on-export-demand\/","url_meta":{"origin":180562,"position":1},"title":"Sportking India Limited posts Q3 FY26 profit growth; revenue rises on export demand","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"Sportking India Limited (NSE: SPORTKING, BSE: 539221) reported higher revenue and profit for the quarter ended Dec. 31, 2025, supported by export demand and high capacity utilisation across its spinning operations, according to the company\u2019s investor presentation. 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