Puravankara turns to ₹83.74 crore Q2 profit as total income climbs to ₹1,051 crore
Indian developer Puravankara swung to a ₹83.74 crore profit in the second quarter from a year-earlier loss, Moody's reports, citing a regulatory filing.
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what happened
Moody's reports that Bengaluru-based Puravankara Ltd earned a consolidated net profit of ₹83.74 crore in the three months to September. A year earlier the company had lost ₹42.99 crore. Total income rose to ₹1,051.02 crore from ₹662.73 crore, according to a regulatory filing.
In the first half of the fiscal year, the company made ₹107.24 crore in profit, compared with a loss of ₹111.42 crore. Income climbed to ₹1,928.17 crore from ₹1,201.37 crore. Managing Director Ashish Puravankara linked the gains to more handovers, steady sales and better realisations, and said net debt came down by ₹470 crore.
He added that 3,644 completed units still await revenue recognition. The company has finished 98 projects covering 60 million sq ft across nine cities and expects a strong launch pipeline to sustain growth. Its land bank is roughly 46 million sq ft, with 33.61 million sq ft in ongoing projects.
why it matters
The move from losses to profit owes much to revenue recognised on handed-over homes rather than demand alone. For investors in Indian developers, delivery pace and cash generation are the metrics to watch, and lower debt strengthens the balance sheet. All figures come from the company's own filing.
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- Puravankara posts ₹84 cr profit in Q2, total income rises to ₹1,051 cr — Moody's, 3 November 2026 at 05:05 UTC
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