Bengaluru-based real estate developer Puravankara Ltd has reported a widened consolidated net loss of ₹42.99 crore for the quarter ended September 30, 2025 (Q2 FY26), compared to a loss of ₹17.06 crore in the same period last year. Despite the loss, the company recorded strong sales and higher revenue, reflecting steady market demand across its key regions.
According to the company’s financial results, total income rose by 27.5% year-on-year to ₹662.73 crore, up from ₹519.68 crore in Q2 FY25. The growth was driven by strong operational performance and higher sales volumes. Puravankara reported pre-sales worth ₹1,322 crore in the quarter, largely supported by sustenance sales from ongoing projects. Customer collections also increased to ₹1,047 crore, indicating strong buyer confidence.
The company sold 1.5 million sq. ft. of space during the quarter, with an average realisation of ₹8,814 per sq. ft., marking a 7% annual increase. Additionally, 663 units (around 0.67 million sq. ft.) were delivered during the quarter. Puravankara also added 6.36 million sq. ft. of new developable area in the first half of FY26, with a potential Gross Development Value (GDV) of ₹9,100 crore. It plans to launch over 12.6 million sq. ft. in the remaining three quarters of FY26, indicating strong growth intent.
On the financial front, the company’s net debt stood at ₹2,894 crore as of September 30, 2025, with a net debt-to-equity ratio of 1.77 and a weighted average cost of debt at 11.32%. While the company continues to face pressure on profitability, the consistent sales performance and new project additions highlight its operational strength and long-term growth prospects.
Puravankara’s Q2 results underline a mixed trend — rising income and sales momentum on one hand, but ongoing challenges related to costs and debt on the other. The coming quarters will be crucial for the company to improve margins and leverage its robust project pipeline to return to profitability.
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