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Revenue
₹1,069 Cr
verified against source
Revenue YoY
230%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Puravankara delivered a strong Q3 FY26 with total income surging 230% YoY to INR 1,114 crore, driven by higher handovers. EBITDA margin expanded to 23% (vs 10% last year), and PAT turned positive at INR 58 crore vs a loss of INR 94 crore. Pre-sales grew 17% YoY to INR 1,414 crore, while collections hit a record INR 1,140 crore (+22% YoY). The company added 12.76 msf of development potential (GDV ~INR 13,900 crore) across Mumbai and Bangalore. Management guided for strong Q4 launches (~INR 6,000 crore of new supply) and expects 25% sell-through on launches, implying pre-sales of INR 5,000-6,000 crore for FY26. Key risk: delays in project approvals could push launches beyond guided timelines.
Colored figures show movement against the previous available record.
Guidance to track
- Bangalore launches worth INR 4,700 crore and Mumbai launches of ~INR 2,000 crore are on track for Q4.
- Management expects to sell ~25% of launched inventory, implying INR 1,800-2,000 crore from launches plus INR 1,000 crore from sustenance.
- Scheduled debt repayment of INR 682 crore over the next 12 months, with potential early repayments from collections.
- Zentech and Aerocity projects, once fully leased, will fetch annual rental income of ~INR 200 crore.
Risks flagged
- Past delays in Bangalore due to bylaw changes have pushed back launches; similar risks could affect Q4 and FY27 launch timelines.
- Gross debt increased to ~INR 4,500 crore with interest cost of INR 495 crore in 9M; debt servicing could pressure cash flows if collections slow.
- Multiple redevelopment projects in Mumbai involve society approvals and complex processes, which could delay launches and cash flows.
- Aerocity project has not concluded any large lease deals despite RFPs; leasing may take longer than expected, delaying rental income.
Key quotes
- We are sitting at around 4,000 crore rupees of sales and the next quarter we are launching close to around 6,000 crore rupees of stock into the market.
- Our basic thumb rule for business development is it has to sort of surpass your annual sales in terms of square footage at least you need to replenish if not more.
- We are in the top one or two stage with a couple of large players... we expecting the OC to come end of March.
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