📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Loading analysis...
Puravankara Subsidiary Starworth Bags ₹144.45 Cr Residential Project Order in Bangalore
Puravankara's wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has secured a Letter of Intent for a residential project in Bangalore. The contract, valued at approximately ₹144.45 crores excluding taxes, was awarded by NPS Developers for their 'Nature’s Nest' project. The scope of work includes civil, structural, and finishing works, with an execution timeline of 28 months. This order strengthens the subsidiary's order book and provides clear revenue visibility over the next two years.
Key Highlights
Approximate contract value of ₹144.45 Crores excluding GST and Labour Cess
Execution timeline of 28 months for the residential project located in Bangalore
Contract awarded to wholly-owned subsidiary Starworth Infrastructure & Construction Limited
Scope includes civil, structure, waterproofing, finishes, and allied works
The transaction is a domestic order and does not involve any related party interests
💼 Action for Investors
Investors should view this as a positive addition to Puravankara's consolidated order book through its construction arm. Monitor the execution progress and its impact on the subsidiary's margins over the 28-month period.
Loading analysis...
Puravankara Issues Rs 196 Crore Corporate Guarantee for Subsidiary's NCD Issuance
Puravankara Limited has provided a corporate guarantee worth Rs 196 crore on behalf of its wholly-owned subsidiary, Purvaland Private Limited. This guarantee is intended to support the subsidiary's issuance of Non-Convertible Debentures (NCDs) to Vistra ITCL (India) Limited. While this move facilitates capital raising for the subsidiary's operations, it increases the contingent liability for the parent company. The transaction is conducted at arm's length with no promoter group involvement.
Key Highlights
Corporate guarantee of Rs 196 crore provided for Purvaland Private Limited.
Guarantee supports the issuance of Non-Convertible Debentures (NCDs) of an equivalent amount.
Purvaland Private Limited is a 100% wholly-owned subsidiary of Puravankara.
The guarantee is issued in favor of Vistra ITCL (India) Limited acting as the Debenture Trustee.
The transaction results in an increase in the parent company's contingent liabilities.
💼 Action for Investors
Investors should monitor the consolidated debt levels and the operational performance of the Purvaland subsidiary to ensure the guarantee does not pose a risk to the parent company's balance sheet.
Loading analysis...
Puravankara Receives Income Tax Demand Notices Totaling Rs 51.87 Crores
Puravankara Limited has received demand notices from the Income Tax Department for Assessment Years 2016-17 and 2017-18. The total demand amounts to Rs 51.87 Crores, primarily due to disallowance of certain expenses and denial of indexation for share acquisition costs. The company intends to contest these demands by filing an appeal before the Commissioner of Income Tax (Appeals). While the company is assessing the financial impact, it has stated there is no immediate impact on its business operations.
Key Highlights
Total tax demand of Rs 51.87 Crores received from the Deputy Commissioner of Income Tax, Bengaluru.
Demand of Rs 39.34 Crores for AY 2016-17 related to expense disallowances and notional additions.
Demand of Rs 12.53 Crores for AY 2017-18 related to expense disallowances and indexation issues.
Company is in the process of filing an appeal, citing strong legal and factual grounds.
Financial statement implications are currently being assessed by the management.
💼 Action for Investors
Investors should monitor the outcome of the appeal process as any unfavorable final ruling could impact the company's cash reserves. No immediate action is required as the company is actively contesting the demand.
Loading analysis...
Puravankara Unveils 30 Projects with Rs 55,000 Cr GDV Over Next 24 Months
Puravankara Limited has announced an aggressive expansion plan to launch 30 projects across South India and Mumbai within the next 24 months. The pipeline encompasses 51.14 million sq. ft. of developable area with a massive estimated Gross Development Value (GDV) of over Rs 55,000 crores. This follows a strong operational performance in 9MFY26, where the company recorded pre-sales of Rs 3,859 crores and collections of Rs 3,045 crores. The scale-up is intended to capitalize on structural housing demand and significantly increase the company's market share in key urban micro-markets.
Key Highlights
Planned launch of 30 projects covering 51.14 million sq. ft. of developable area.
Estimated Gross Development Value (GDV) exceeds Rs 55,000 crores over the next 2 years.
Strong 9MFY26 performance with pre-sales of Rs 3,859 crores and collections of Rs 3,045 crores.
Expansion focused on high-growth urban markets in South India and Mumbai.
Sustainability commitment to plant 1 million trees by 2030 under the WEF 1t.org initiative.
💼 Action for Investors
This announcement provides strong revenue visibility for the next several years; investors should monitor the timely conversion of these project approvals into actual launches. The massive GDV relative to current pre-sales suggests a significant potential re-rating if execution remains on track.
Loading analysis...
Puravankara Re-appoints Ashish Ravi Puravankara as MD for 5-Year Term
Puravankara Limited has secured shareholder approval for the re-appointment of Mr. Ashish Ravi Puravankara as Managing Director for a five-year term beginning April 1, 2026. The resolution, passed via postal ballot, also includes an enhanced remuneration structure for the first three years of this tenure. Mr. Puravankara has been pivotal in the company's expansion across nine major Indian cities and the launch of the Provident Housing and Purva Land brands. This continuity is expected to support the firm's strategic push into the Mumbai redevelopment market.
Key Highlights
Five-year re-appointment term from April 01, 2026, to March 31, 2031
Remuneration limit enhancement approved for 3 years until March 31, 2029
Shareholder approval finalized via Postal Ballot on March 19, 2026
Leadership has successfully delivered projects across 9 major Indian cities
💼 Action for Investors
This re-appointment ensures management stability, which is crucial for the company's ongoing expansion into high-growth markets like Mumbai. Investors should maintain their positions while monitoring the execution of upcoming residential and redevelopment projects.
Loading analysis...
Puravankara Subsidiary to Launch Tower D at 'Purva Panorama' in Thane on March 28, 2026
Puravankara Limited's wholly-owned subsidiary, Purva Oak Private Limited, has received MahaRERA registration for the launch of Tower D in its existing 'Purva Panorama' project. Located in the high-demand Kolshet area of Thane, the official launch is scheduled for March 28, 2026. This move signifies the company's continued focus on monetizing its residential portfolio in the Mumbai Metropolitan Region (MMR). The project is registered under MahaRERA number PR1333032502912, ensuring regulatory compliance and transparency for buyers.
Key Highlights
Wholly-owned subsidiary Purva Oak Private Limited received MahaRERA registration (PR1333032502912) for Tower D.
The residential project is located at Sector No. 5, Kolshet, Thane, a key micro-market in MMR.
Official launch date for the new tower is set for March 28, 2026.
The project specifically targets the domestic residential market to drive pre-sales growth.
💼 Action for Investors
Investors should track the booking velocity and pre-sales numbers from this launch as they will be key drivers for future revenue recognition. The expansion in Thane strengthens Puravankara's presence in the lucrative Mumbai suburban market.
Loading analysis...
Puravankara Subsidiary SICL Bags ₹280.35 Crore Construction Order from VIT Vellore
Puravankara Limited's wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent for a significant construction project at VIT, Vellore. The contract is valued at ₹280.35 Crores (excluding GST) and involves the construction of the Ruby Block (Academic Block) Phase – I. The project is a domestic item rate contract with a stipulated execution timeline of 24 months. This order win strengthens the subsidiary's order book and provides revenue visibility for the next two years.
Key Highlights
Contract value of ₹280.35 Crores awarded to wholly-owned subsidiary SICL
Project involves construction of Ruby Block (Academic Block) Phase – I at VIT Vellore Campus
Execution timeline for the project is set at 24 months
The contract is structured as a domestic item rate contract
💼 Action for Investors
Investors should view this as a positive development that enhances the revenue pipeline for Puravankara's construction arm. Monitor the company's ability to maintain margins during the 24-month execution period.
Loading analysis...
Puravankara Launches 'Northern Lights' Residential Project in Bengaluru Across 3 Phases
Puravankara Limited's associate, KVN Property Holdings LLP, has received KRERA registration for its new residential project, 'Northern Lights by Puravankara KVN'. Located in Bengaluru's Hitech, Defense and Aerospace Park, the project is being launched in three distinct phases starting March 14, 2026. This launch signifies the company's continued expansion in the high-growth Bengaluru residential market. The project caters specifically to the domestic market and follows all regulatory approvals from the Karnataka Real Estate Regulatory Authority.
Key Highlights
Launch of 'Northern Lights by Puravankara KVN' residential project in Bengaluru North on March 14, 2026
Project consists of three distinct phases (Phase 1, 2, and 3) with KRERA registration numbers obtained for all
Strategically located at Plot No. R-12 of Hitech, Defense and Aerospace Park, Bagalur Village
Project is being executed through KVN Property Holdings LLP, an associate of Puravankara Limited
💼 Action for Investors
Investors should monitor the pre-sales velocity and booking numbers for this project as it will be a key driver for future revenue and cash flow. The strategic location in a tech and aerospace hub is likely to attract strong demand from the domestic market.
Loading analysis...
Puravankara Launches 3-Phase Residential Project 'Northern Lights' in Bengaluru
Puravankara Limited has announced the launch of its new residential project, 'Northern Lights by Puravankara KVN', located in the Hitech, Defense and Aerospace Park in Bengaluru. The company has successfully secured RERA registration for all three phases of the project from the Karnataka Real Estate Regulatory Authority. The official launch is scheduled for March 14, 2026, targeting the domestic residential market. This project launch is part of the company's ongoing expansion in the high-growth Bengaluru North corridor.
Key Highlights
Launch of 'Northern Lights by Puravankara KVN' spanning three distinct phases (Phase 1, 2, and 3).
Received KRERA registration certificates for all three phases as of March 13, 2026.
Project is strategically located at Plot No. R-12 of Hitech, Defense and Aerospace Park, Bengaluru.
Official market launch set for March 14, 2026, focusing on the domestic residential segment.
💼 Action for Investors
Investors should track the pre-sales velocity and booking numbers from this launch as they will be key drivers for future revenue and cash flows. The strategic location in a tech hub suggests strong potential demand.
Loading analysis...
Puravankara Enters ₹1,300 Cr Joint Development Project in Bengaluru
Puravankara Limited has entered into a joint development agreement for a 4-acre land parcel on Hennur Road, Bengaluru, with an estimated Gross Development Value (GDV) of over ₹1,300 crore. The project will feature approximately 0.84 million square feet of saleable area, targeting the high-demand residential corridor of North Bengaluru. This acquisition follows other major recent additions in Bengaluru, including projects in Anekal and KIADB Hardware Park, totaling over ₹9,000 crore in potential GDV. The company expects to bring this project to market within the next 6 to 12 months using an asset-light partnership model.
Key Highlights
New joint development project on Hennur Road with a GDV exceeding ₹1,300 crore.
Total saleable area for the project is approximately 0.84 million square feet.
Project launch is anticipated within a 6-12 month timeframe.
Strengthens Bengaluru pipeline which includes recent acquisitions with combined GDV of over ₹9,100 crore.
Utilizes an asset-light partnership strategy to expand footprint while maintaining capital efficiency.
💼 Action for Investors
Investors should monitor the company's ability to convert this pipeline into pre-sales over the next year. The focus on high-growth micro-markets in Bengaluru through asset-light models is a positive indicator for future ROE and cash flows.
Loading analysis...
Puravankara Launches Purva Silversky in Bengaluru with 356 Premium Residences
Puravankara Limited has launched 'Purva Silversky', a premium residential project spread across 6.99 acres in Electronic City, Bengaluru. The development consists of 356 exclusive residences across three 32-storey towers, featuring a low-density design with only four units per floor. Homes are priced at ₹12,100+ per sq ft, targeting the high-end segment with unit sizes ranging from 1,864 to over 5,300 sq ft. The project is strategically located 900 metres from the Huskur Metro Station and is scheduled for completion in 2030.
Key Highlights
Project features 356 premium residences across three 32-storey towers on a 6.99-acre site
Premium pricing set at ₹12,100+ per sq ft with unit sizes up to 5,300+ sq ft
Low-density development offering 88% open-to-sky spaces and a 17,700 sq ft clubhouse
Strategic proximity to 15+ IT parks and just 900 metres from Huskur Metro Station
RERA-registered project with a planned completion timeline by the year 2030
💼 Action for Investors
Investors should track the booking velocity and pre-sales numbers for this project as it indicates demand in the premium Bengaluru market. The high price point and low-density configuration suggest a strategy focused on higher margins.
Loading analysis...
Puravankara Launches Purva Silversky in Bengaluru with 356 Premium Units at Rs 12,100/sq ft
Puravankara Limited has announced the launch of Purva Silversky, a premium residential project in Electronic City, Bengaluru, spread across 6.99 acres. The development features 356 exclusive residences in three 32-storey towers, offering large-format 3, 4, and 5 BHK homes ranging from 1,864 to over 5,300 sq ft. Priced at Rs 12,100+ per sq ft, the project targets the high-end segment with a low-density design of only four units per floor. Strategically located near 15+ IT parks and 900 metres from the Huskur Metro Station, the project is slated for completion by 2030.
Key Highlights
Launch of 356 premium residences across 6.99 acres in Bengaluru's Electronic City corridor.
Features three 32-storey towers with 88% open-to-sky spaces and a low-density 4-units-per-floor layout.
Unit sizes range from 1,864 sq ft to 5,300+ sq ft with pricing starting at Rs 12,100 per sq ft.
Includes a 17,700 sq ft clubhouse and 45+ lifestyle amenities on a 1.7-acre elevated podium.
Strategic proximity to Huskur Metro Station and over 15 IT parks within a 10-minute radius.
💼 Action for Investors
Investors should track the booking velocity and revenue recognition from this project, as its premium pricing and strategic location are likely to support healthy margins. The launch reinforces Puravankara's strong execution pipeline in its core Bengaluru market.
Loading analysis...
Puravankara Seeks MD Re-appointment and Remuneration Hike to ₹8 Crore
Puravankara Limited has issued a postal ballot notice to re-appoint Mr. Ashish Ravi Puravankara as Managing Director for a five-year term effective April 1, 2026. The company is also seeking approval to increase his annual remuneration limit to ₹8 crore for a three-year period. This move ensures leadership continuity while adjusting executive compensation. Shareholders can participate in the electronic voting process from February 18 to March 19, 2026.
Key Highlights
Re-appointment of Mr. Ashish Ravi Puravankara as MD for 5 years from April 2026 to March 2031.
Proposed enhancement of annual remuneration limit to ₹8,00,00,000 (₹8 Crores) for a 3-year period.
Remote e-voting period scheduled from February 18, 2026, to March 19, 2026.
The remuneration hike requires a Special Resolution, while the re-appointment is an Ordinary Resolution.
💼 Action for Investors
Investors should evaluate if the proposed ₹8 crore remuneration limit is aligned with the company's recent financial performance and growth trajectory. Leadership stability is a positive sign for long-term strategy execution.
Loading analysis...
Puravankara Q3 FY26: Returns to Profitability with ₹58 Cr PAT; Presales Up 17% to ₹1,414 Cr
Puravankara reported a significant turnaround in Q3 FY26, posting a profit after tax of ₹58 crores compared to a loss of ₹94 crores in the previous year. Total income surged by 230% YoY to ₹1,104 crores, driven by higher handovers and improved operational efficiency with EBITDA margins doubling to 23%. The company achieved its highest-ever quarterly collections of ₹1,140 crores and successfully reduced net debt by ₹244 crores during the quarter. Management is maintaining a robust launch pipeline with ₹4,700 crores worth of projects planned for the Southern region in the immediate term.
Key Highlights
Presales grew 17% YoY to ₹1,414 crores, while average realization improved 12% to ₹9,500 per sq ft.
Total income for Q3 FY26 rose to ₹1,104 crores from ₹334 crores, a 230% increase due to increased handovers.
Achieved highest-ever quarterly collections of ₹1,140 crores, up 22% YoY, supporting liquidity.
Net debt reduced by ₹244 crores to ₹2,482 crores, with the cost of debt declining to 11.08%.
Added 12.76 million sq ft of potential development area with an estimated GDV of ₹13,900 crores across Mumbai and Bengaluru.
💼 Action for Investors
Investors should view the return to profitability and significant debt reduction as strong indicators of an operational turnaround. The stock remains a watch for the successful execution of its high-value Mumbai redevelopment projects and the upcoming ₹4,700 crore launch pipeline.
Loading analysis...
Puravankara Allots ₹150 Crore NCDs in Third Tranche of Private Placement
Puravankara Limited has allotted 1,500 unlisted, secured, non-convertible debentures (NCDs) on a private placement basis. This allotment, valued at ₹150 crore, represents the third tranche of a larger ₹300 crore fundraising plan approved in May 2025. Each debenture has a face value of ₹10 lakh and a tenure of 60 months from the initial allotment date of June 20, 2025. The funds are raised through identified investors to support the company's capital requirements.
Key Highlights
Allotment of 1,500 unlisted, senior, secured, redeemable NCDs
Total capital raised in this third tranche amounts to ₹150 crore
Face value per debenture is set at ₹10,00,000
Part of a larger ₹300 crore private placement program approved on May 16, 2025
Tenure of 60 months from the deemed date of first allotment (June 20, 2025)
💼 Action for Investors
Investors should monitor the company's leverage levels and how the newly raised capital is deployed for project execution. This is a routine drawdown of previously approved funds and does not require immediate portfolio changes.
Loading analysis...
Puravankara Q3FY26 Results: PAT at ₹58 Cr, Revenue Surges 231% YoY to ₹1,104 Cr
Puravankara Limited reported a significant financial turnaround in Q3FY26, posting a PAT of ₹58.48 crore compared to a loss of ₹94 crore in the same period last year. Revenue skyrocketed by 231% YoY to ₹1,104 crore, driven by accelerated project completions and handovers. Customer collections remained robust at ₹1,140 crore for the quarter, up 22% YoY, leading to a healthy cash operating surplus. The company also significantly expanded its future growth visibility by adding 12.7 million sq. ft. of potential developable area during 9MFY26.
Key Highlights
Turned profitable with Q3FY26 PAT of ₹58.48 crore vs a loss of ₹94 crore in Q3FY25.
Quarterly revenue surged 231% YoY to ₹1,104 crore; 9MFY26 revenue up 51% to ₹2,305 crore.
Customer collections grew 22% YoY to ₹1,140 crore in Q3; 9M collections reached ₹3,045 crore.
Handed over 1,116 homes (1.23 million sq. ft.) during the quarter, reflecting strong execution momentum.
Added 12.7 million sq. ft. of new project pipeline in 9MFY26 with an estimated GDV of ₹13,900 crore.
💼 Action for Investors
The sharp turnaround indicates that the regulatory delays from H1FY26 have been resolved, making this a strong recovery play. Investors should focus on the company's ability to maintain this execution pace and the upcoming launches from its massive ₹13,900 crore GDV pipeline.
Loading analysis...
Puravankara Q3 FY26 Turnaround: Net Profit of ₹63.8 Cr; Revenue Surges 282% YoY
Puravankara Limited reported a significant financial turnaround in Q3 FY26, posting a net profit of ₹63.79 crore compared to a net loss of ₹82.49 crore in the same period last year. Revenue from operations witnessed a massive 282% YoY growth, reaching ₹723.32 crore. The board has also approved the re-appointment of Ashish Ravi Puravankara as Managing Director for a five-year term and sanctioned the merger of two wholly-owned subsidiaries to streamline operations. Despite a net loss of ₹40.57 crore for the nine-month period, the strong quarterly performance indicates a positive shift in execution and profitability.
Key Highlights
Revenue from operations surged 282% YoY to ₹723.32 crore in Q3 FY26 from ₹189.06 crore in Q3 FY25.
Turned profitable with a net profit of ₹63.79 crore in Q3 FY26 versus a loss of ₹82.49 crore in the previous year's quarter.
Ashish Ravi Puravankara re-appointed as Managing Director for 5 years effective April 1, 2026.
Wholly-owned subsidiaries raised ₹577 crore through private placement of listed non-convertible debentures (NCDs).
Approved merger of subsidiaries IBID Home Private Limited and Purva Woodworks Private Limited for operational synergy.
💼 Action for Investors
The strong quarterly turnaround and massive revenue growth suggest improved project execution and sales momentum. Investors should maintain a positive outlook while keeping an eye on the resolution of ongoing legal and tax proceedings mentioned in the auditor's report.
Loading analysis...
Puravankara Q3 Results: Revenue Jumps to ₹723 Cr, Returns to Profit; Subsidiary Merger Approved
Puravankara Limited reported a significant financial turnaround in Q3 FY26, with revenue from operations surging to ₹723.32 crore from ₹189.06 crore YoY. The company posted a net profit of ₹63.79 crore, a sharp recovery from the ₹82.49 crore loss recorded in the same period last year. Alongside the results, the board approved the merger of two wholly-owned subsidiaries, IBID Home and Purva Woodworks, to optimize corporate structure. Furthermore, the Managing Director's tenure was extended for five years, ensuring leadership continuity.
Key Highlights
Revenue from operations increased by 282% YoY to ₹723.32 crore in Q3 FY26.
Turned profitable with a net profit of ₹63.79 crore compared to a loss of ₹82.49 crore in Q3 FY25.
Approved the merger of wholly-owned subsidiaries IBID Home Private Limited and Purva Woodworks Private Limited.
Wholly-owned subsidiaries successfully raised ₹577 crore through listed non-convertible debentures (NCDs).
Re-appointed Ashish Ravi Puravankara as Managing Director for a 5-year term starting April 2026.
💼 Action for Investors
The strong revenue growth and return to profitability indicate robust project execution and sales momentum. Investors should monitor the impact of the ₹577 crore debt raised by subsidiaries on the overall leverage and interest coverage ratios.
Loading analysis...
Puravankara Q3 FY26: Sales Value Up 17% to ₹1,414 Cr; PAT Turns Positive at ₹58 Cr
Puravankara Limited reported a strong operational performance for Q3 FY26, with sales value reaching ₹1,414 crore, a 17% YoY increase. The company successfully turned profitable with a PAT of ₹58 crore, compared to a loss of ₹94 crore in the same quarter last year. Total revenue surged to ₹1,104 crore from ₹334 crore YoY, driven by higher realizations and volume. Customer collections also hit a record high of ₹1,140 crore, reflecting robust execution and demand.
Key Highlights
Sales value grew 17% YoY to ₹1,414 crore with sales volume of 1.49 msft in Q3 FY26.
Total Revenue for the quarter stood at ₹1,104 crore, a significant jump from ₹334 crore in Q3 FY25.
Net Profit (PAT) turned positive at ₹58 crore against a loss of ₹94 crore in the year-ago period.
Average price realization increased by 12% YoY to ₹9,500 per sq. ft.
Company has a massive launch pipeline of 15.41 msft across South and West India.
💼 Action for Investors
The company shows a strong turnaround in profitability and aggressive expansion in the Mumbai and Pune markets. Investors should maintain a positive outlook while monitoring the execution of the large 15.41 msft launch pipeline.
Loading analysis...
Puravankara Q3 Turnaround: ₹63.8 Cr Profit on 282% Revenue Growth; MD Re-appointed
Puravankara Limited reported a significant financial turnaround in Q3 FY26, posting a net profit of ₹63.79 crore compared to a loss of ₹82.49 crore in the same quarter previous year. Revenue from operations surged by 282% YoY to ₹723.32 crore, indicating strong project execution and sales recognition. The Board has also approved the re-appointment of Mr. Ashish Ravi Puravankara as Managing Director for a five-year term starting April 2026. Additionally, the company is streamlining its structure by merging two wholly-owned subsidiaries, IBID Home and Purva Woodworks.
Key Highlights
Revenue from operations grew 282% YoY to ₹723.32 crore in Q3 FY26 from ₹189.06 crore.
Reported a net profit of ₹63.79 crore for the quarter, reversing a loss of ₹82.49 crore in Q3 FY25.
Ashish Ravi Puravankara re-appointed as Managing Director for a 5-year term (2026-2031).
Wholly-owned subsidiaries raised ₹577 crore through listed Non-Convertible Debentures (NCDs).
Approved the merger of subsidiaries IBID Home Private Limited and Purva Woodworks Private Limited.
💼 Action for Investors
The sharp turnaround in profitability and massive revenue growth indicate strong operational momentum; investors should maintain a positive outlook while monitoring the resolution of ongoing legal proceedings involving ₹143 crore in assets.