Puravankara Ltd Share Price – NSE  / BSE

Realty, Small Cap

Customer collections climbed 40% YoY to Rs 1,199 crore during the quarter, reflecting sustained customer confidence and strong execution of delivery timelines.

The sales area stood at 1.36 million square feet (msft) in Q1 FY27, up 9% compared with the corresponding quarter last year, while average realisation improved 18% YoY to Rs 10,589 per sq ft.

During the quarter, Puravankara handed over 745 homes, totaling 0.94 msft.

Further, the company entered into a definitive agreement with ICICI Prudential AMC for the sale of its commercial property, Purva Zentech. The transaction values the asset at an enterprise value of Rs 625.94 crore. Of the total consideration, Rs 145 crore will be received through the sale of shares of the SPV, while the balance will be realised through agreed balance sheet adjustments in accordance with the transaction structure.

The company said that India's real estate sector continues to show resilience even as the broader economy navigates a more cautious growth environment. The Reserve Bank of India's June 2026 policy review kept the repo rate unchanged at 5.25%, while moderating its FY27 GDP growth forecast to 6.6% amid elevated inflation projections of 5.1%. A stable rate environment, coupled with steady office leasing demand from IT, BFSI and GCC occupiers, continues to support healthy residential absorption in the premium segment. With a robust launch pipeline, disciplined balance sheet management and increasing average price realisation reflected in Q1 FY27, the company remains confident of sustaining its growth trajectory and delivering on its FY27 guidance.

Ashish Puravankara, managing director, Puravankara, said, ?Q1 FY27 marks a strong start to the year and reaffirms the resilience and depth of our business strategy. Sales value grew, and we saw a corresponding improvement in collections. The 18% YoY increase in average price realisation is a clear indication that our strategic shift towards premiumisation and well-located, high-quality developments is translating into tangible value for both our customers and shareholders.

We also remained active on the business development front, announcing four land transactions during the quarter with a cumulative Gross Development Value (GDV) of Rs 5,200 crore. These additions strengthen our project pipeline and support our objective of sustaining long-term, profitable growth. With this strong start to the year, we remain firmly on track to achieve our FY 2026?27 sales guidance of Rs 11,200 crore across the Southern and Western regions, and we are confident of building on this momentum through the remainder of the year.

Puravankara is engaged in the business of real estate development. On a consolidated basis, Puravankara reported net profit of Rs 113.24 crore in Q4 March 2026 as against net loss of Rs 85.82 crore in Q4 March 2025. Net sales surged 177.33% YoY to Rs 1501.92 crore in Q4 March 2026.

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The proposed residential project will have a saleable area of nearly 0.8 million square feet and is aimed at catering to the rising housing demand in the fast-growing Sarjapur corridor.

With this transaction, Puravankara's total potential GDV from acquisitions and JDAs announced during the first quarter of FY27 has increased to approximately Rs 5,200 crore, further strengthening its development pipeline in Bengaluru.

The company said Sarjapur remains an attractive residential micro-market due to robust end-user demand, improving infrastructure and connectivity, and limited availability of branded housing projects. It added that the asset-light JDA model enables efficient capital deployment while expanding its presence across high-growth markets.

Strategically located in Kaggalipura Village, Sarjapura Hobli, the site is well-positioned for growth, with excellent connectivity via Sarjapur Road and the Outer Ring Road. It also enjoys good connectivity to the Electronic City technology corridor and other key employment hubs. The corridor has emerged as a preferred destination for IT professionals and homebuyers seeking quality housing, supported by the limited availability of organised residential projects from reputed developers.

Ashish Puravankara, Managing Director, Puravankara, said, Bengaluru continues to be one of our most important growth markets, and this joint development reinforces our commitment to deepening our presence across high-potential urban corridors. As we pursue our FY27 growth agenda, our focus remains on securing quality land parcels in markets backed by infrastructure, employment density, and sustained homebuyer demand, while creating long-term value for our stakeholders.?

Mallanna Sasalu, CEO, Puravankara, added, The mix of outright acquisitions and joint development agreements across key Bengaluru micro-markets reflects our calibrated growth strategy, combining scale creation with capital efficiency. The pace, scale, and quality of these additions indicate that the company is moving in the right direction and steadily strengthening its development pipeline in Bengaluru. Notably, in Q1FY27 alone, Puravankara announced four land transactions in quick succession, underlining the company?s strong business development momentum and the ability to consistently add high-potential projects to its portfolio. Together, these deals span approximately 41.93 acres, with a cumulative development potential of around 4.23 msft and a total estimated GDV of Rs 5,200 crore.?

Puravankara is one of India's leading real estate developers with a presence across multiple cities and a diversified portfolio spanning residential, commercial and plotted developments.

On a consolidated basis, Puravankara reported net profit of Rs 113.24 crore in Q4 March 2026 as against net loss of Rs 85.82 crore in Q4 March 2025. Net sales surged 177.33% YoY to Rs 1501.92 crore in Q4 March 2026.

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Puravankara has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The project has a saleable area of approximately 0.8 msft and will be developed as a residential community catering to the growing demand in this emerging corridor. This latest addition further strengthens Puravankara's development pipeline in the city, bringing the company's total potential GDV from acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.

The key domestic indices pared most of the gains at higher levels and traded with moderate gains in afternoon trade. The Nifty retreated from the day's high above the 24,050 mark but remained firmly above the 24,000 level.

Market sentiment stayed positive following the peace agreement between the United States and Iran, which eased geopolitical concerns and supported risk appetite. However, caution prevailed due to delays in monsoon progress, which have heightened concerns over food inflation. Market participants will closely track key outcomes from the G7 Summit, along with monsoon developments, foreign institutional investor (FII) activity, and inflation trends for further directional cues.

Consumer durables, PSU Bank and IT shares surged while realty, auto and FMCG shares declined.

At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 193.91 points or 0.26% to 76,998.28. The Nifty 50 index jumped 44.85 points or 0.19% to 24,036.45.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.36% and the BSE 250 SmallCap Index added 0.53%.

The market breadth was strong. On the BSE 2,304 shares rose and 1,786 shares fell. A total of 196 shares were unchanged.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3700 compared with its close of 94.6000 during the previous trading session.

In the commodities market, Brent crude for August 2026 settlement fell 52 cents or 0.66% to $78.44 a barrel.

Gainers & Losers:

Trent (up 5.15%), Eternal (up 1.97%), Bharat Electronics (up 1.66%), Tech Mahindra (up 1.58%) and Infosys (up 1.22%) were the major Nifty50 gainers.

Tata Motors PV (down 2.78%), Cipla (down 2.02%), Bajaj Finserv (down 1.64%), Mahindra & Mahindra (down 1.32%) and Eicher Motors (down 1.10%) were the major Nifty50 losers.

Monsoon Gap Raises Concerns:

India's southwest monsoon has stalled after reaching Kerala, leaving the country with a rainfall deficit of 35% as of 16 June. The shortfall is most severe in central India (63%) and eastern and northeastern regions (43%), while the monsoon has yet to reach Mumbai, more than a week after its normal arrival date. The delay comes amid growing concerns over a developing El Ni?o, which typically weakens monsoon rains.

The India Meteorological Department (IMD) expects the current slowdown to persist for another five to six days due to unfavorable weather conditions. In response, the Centre has placed 150-200 districts under close monitoring, asked states to prepare crop contingency plans, and warned that a weak monsoon could increase food inflation and pressure agricultural output. Despite the concerns, officials said seed, fertiliser and reservoir stocks remain adequate for now.

G7 Summit:

The Group of Seven (G7) is an annual forum comprising the world's leading advanced economies that discusses key global economic, security, and geopolitical issues. The 2026 G7 Summit is being hosted by France in ?vian-les-Bains from 15 to 17 June.

Prime Minister Narendra Modi yesterday addressed the Outreach Session on ??Forging New Partnerships and Rebuilding International Solidarity?, at the G7 Summit in Evian, France.

In his intervention, Prime Minister underlined that, in an interconnected world, where energy, food, health, cyber, and economic security are intertwined, building international partnerships was a necessity for the progress and prosperity of humanity. He further added that, in an uncertain world, trade and technology were being misused for narrow interests, leading to a trust deficit in the international arena.

Among the key developments being closely watched is the meeting between Indian Prime Minister Narendra Modi and U.S. President Donald Trump.

Stocks in Spotlight:

Infosys rose 1.36% after the company announced a strategic, long-term collaboration with Valmet, a global technology leader serving process industries. The company will deploy its AI-powered Infosys Topaz Fabric, a composable and open agentic services suite, to embed intelligence across IT operations. Under the agreement, the company will modernize Valmet's core IT services and deliver end-to-end IT transformation initiatives aimed at enhancing operational efficiency and aligning IT operations more closely with business priorities.

Wipro advanced 1.26% after the company announced the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, reinforcing its commitment to accelerating enterprise AI adoption and impact. The CoE, a key initiative under the company's AI-Native Business & Platforms Unit, is aimed at scaling enterprise AI adoption and embedding AI capabilities into core business workflows across industries.

Tata Capital rose 0.49%. The company said that its board of directors has approved a proposal to raise up to Rs 36,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, subject to shareholder approval. The issuance may be undertaken in one or more tranches through one or more categories of instruments, including secured or unsecured NCDs, subordinated debt, perpetual debt instruments, market-linked debentures and green bonds.

Puravankara rose 1.12% after the real estate developer announced the acquisition of a 9.73-acre land parcel in North Bengaluru. The company said the land parcel is located at Sanna Ammanikere in the rapidly developing airport corridor. The project has a development potential of around 0.89 million square feet and an estimated gross development value (GDV) of Rs 800 crore.

Meta Infotech hit an upper circuit of 5% after the company announced the receipt of significant renewal orders from a leading stock exchange and a private sector bank. In a regulatory filing, the company stated that it has secured a renewal order worth Rs 2.20 crore from one of India's leading stock exchanges for software subscription services. The contract covers the period from 23 June 2026 to 22 June 2027 and is scheduled to be executed within 15 days.

Krishna Defence and Allied Industries rallied 5.48% after the company announced a new order from the Ministry of Defence. The company said it has received an order worth Rs 45.64 crore, for the supply of special steel products to be used in a shipbuilding project. According to the company, the order is scheduled to be executed within eight months.

Prime Focus hit the 5% upper circuit after the Securities and Exchange Board of India (SEBI) closed adjudication proceedings against the company, its promoters, directors and chief financial officer.

The case stemmed from SEBI's investigation into two intra-group business transfer transactions undertaken in FY20 and FY22. The regulator had alleged that the accounting treatment adopted for the transactions inflated profits and net worth, resulting in misleading financial statements.

In its final order, SEBI held that the allegations were not established. The adjudicating officer noted that the accounting provisions cited in the show-cause notice applied to the acquiring entity, while Prime Focus was the transferor in the transactions.

Global Market:

Most European market declined as U.K. inflation held at 2.8% in May from 2.8% in April 2026. Britain?s Office for National Statistics said Wednesday that transport had been the biggest contributor to rising prices in May, partially offset by falling food and non-alcoholic drink prices. The Bank of England is expected to hold interest rates at 3.75% this week.

The U.K.?s May print fell below the euro zone?s 3.2% reading for May, and well below the U.S. May inflation rate of 4.2%.

Asia markets traded mostly lower Wednesday as traders looked ahead to the US central bank?s interest rate decision.

Wednesday?s Federal Open Market Committee meeting marks the first one with new Chairman Kevin Warsh at the helm of the U.S. central bank. Investors are largely expecting that the Fed will keep interest rates unchanged at a target range of 3.5% to 3.75%.

Meanwhile, Japan?s exports in May grew at their fastest pace since November 2022, rising 17% year on year, driven by robust demand for cars and semiconductors. Growth was higher than the 16.2% figure that was widely reported in the media, and up from the 14.8% in April.

Overnight on Wall Street, the Dow Jones Industrial Average rose to a record high on Tuesday as investors rotated out of chipmakers and into cyclical stocks amid declining oil prices.

The 30-stock index advanced 328.64 points, or 0.64%, for a record close of 51,999.67. It scored a new all-time intraday high of 52,190.29 in the session. The S&P 500 fell 0.57% and ended at 7,511.35, while the Nasdaq Composite pulled back 1.15% to 26,376.34.

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