Puravankara (PURVA) Q4 25/26 earnings summary

Executive summary

• Achieved record FY26 pre-sales of INR 7,407 crore, up 55% YoY, with Q4 FY26 pre-sales at INR 3,547 crore (up 190% YoY); sales volume rose 28% to 7.25 msft and units sold increased 13% to 5,586.

• Customer collections in FY26 totaled INR 4,258 crore (up 15% YoY); Q4 collections reached INR 1,213 crore.

• Delivered 3,747 homes (4.25 million sq ft) in FY26; launched three new projects and seven new phases, adding 6.39 million sq ft of developable area.

• Strong pan-India presence with 95 completed projects, 36.69 msft ongoing, and a land bank of 40 msft.

• Audited standalone and consolidated financial results for FY26 were approved, with an unmodified audit opinion.

Financial highlights

• FY26 total income: INR 3,846 crore (up 84% YoY); Q4 FY26 total income: INR 1,541 crore (up 173% YoY); PAT at INR 58 crore, reversing a loss of INR 186 crore in FY25.

• Q4 FY26 EBITDA margin: 22%; FY26 EBITDA margin: 21%; Q4 PAT: INR 111 crore (vs. INR 88 crore loss YoY).

• Net debt as of March 31, 2026: INR 2,321 crore; net debt/equity ratio: 1.31x; cost of debt declined to 11.05%.

• Cash and cash equivalents (consolidated) at year-end were INR 1,190.24 crore, up from INR 600.69 crore last year.

• Standalone and consolidated results returned to profit, with standalone net profit at INR 70.35 crore and consolidated net profit at INR 56.75 crore.

Outlook and guidance

• FY27 pre-sales guidance: INR 11,200 crore, with 48% from cement sales and 52% from new launches.

• Targeting net debt reduction of INR 750 crore in FY27, excluding new borrowings for business development.

• 21.02 msft of planned launches across South and West India, with estimated future cashflow potential of INR 8,343 crore.

• Multiple land acquisitions and MOUs signed, expected to expand the land bank in coming quarters.

• Monitoring regulatory changes, including Labour Codes, and addressing ongoing tax and legal matters.