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Realty firm Puravankara Ltd has reported a consolidated net profit of Rs 109.95 crore in the March quarter on better income. The company had posted a net loss of Rs 88 crore in the year-ago period. Total income more than doubled to Rs 1,540.99 crore during the January-March period of 2025-26 from Rs 563.70 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. During the 2025-26, Puravankara Ltd net profit stood at Rs 56.75 crore as against a net loss of 182.92 crore in the preceding year. Total income increased to Rs 3,846.42 crore last fiscal from Rs 2,093.13 crore in the preceding year. As of March 31, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is 40 million sq ft and ongoing projects add up to 36.69 million sq ft.
Realty firm Puravankara Ltd has given on lease around 1.2 lakh sq ft retail space to Swedish furniture retailer IKEA in Bengaluru. In a regulatory filing on Monday, the company informed that it has signed an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru. The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026. IKEA India will occupy retail space of more than 1.2 lakh square feet of leasable area across two floors, it said. Real estate consultant Colliers' office services team was the advisor on this transaction. As of September 30, 2025, Puravankara has completed 93 projects totalling 55 million sq ft across nine citiesBengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
Realty firm Puravankara Ltd's sales bookings rose per cent to Rs 1,124 crore in the first quarter of this fiscal year on higher price realisation. In a regulatory filing on Friday, the company said it achieved sales value of Rs 1,124 crore for April-June quarter as against Rs 1,064 crore in the year-ago period. Sales volume dipped to 1.25 million sq ft from 1.29 million sq ft. However, the average price realisation increased to Rs 8,988 per sq ft from Rs 8,246 per sq ft. Puravankara has completed more than 90 projects measuring around 53 million sq ft across nine cities -- Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company has a land bank of 25 million sq ft and ongoing projects add up to 37 million sq ft.