Puravankara Q2 FY27 Results: Consolidated Net Profit ₹83.74 Crore on Total Income of ₹1,051 Crore
- Earnings
- Real estate development
Reviewed byKeshav SehgalBlacklitt Research
Puravankara (NSE: PURVA) reported total income of ₹1,051.02 crore and net profit of ₹83.74 crore on a consolidated basis for the quarter ended 30 Sep 2026, and total income of ₹404.46 crore and net profit of ₹94.31 crore standalone, it said in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,051.02 crore, up 58.6% YoY and 19.8% QoQ
- Net profit and EPS: ₹83.74 crore; basic EPS ₹3.42 against a loss of ₹1.76 a year earlier
- Exceptional item: ₹148.83 crore gain on disposal of subsidiary Purva Ruby Properties
- Finance costs: ₹180.42 crore, up 7.0% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹404.46 crore, up 15.8% YoY and down 25.2% QoQ
- Net profit and EPS: ₹94.31 crore; basic EPS ₹3.98 against a loss of ₹1.53 a year earlier
- Exceptional item: ₹144.99 crore gain on sale of subsidiary investment
- Finance costs: ₹78.45 crore, up 7.8% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,051.02 | 662.73 | +58.6% | 877.15 | +19.8% | |
| Revenue from operations | 1,032.50 | 644.20 | +60.3% | 848.72 | +21.7% |
| Other income | 18.52 | 18.53 | -0.1% | 28.43 | -34.9% |
| 83.74 | -42.99 | n/a | 25.23 | +231.9% | |
| Profit before tax | 93.85 | -56.65 | n/a | 26.02 | +260.7% |
| Finance costs | 180.42 | 168.58 | +7.0% | 178.94 | +0.8% |
| Depreciation | 14.46 | 10.52 | +37.5% | 12.07 | +19.8% |
| Tax expense | 10.11 | -13.66 | n/a | 0.79 | n/a |
| Net profit margin | 7.97% | -6.49% | +14.45 pp | 2.88% | +5.09 pp |
| EPS, basic (₹) | 3.42 | -1.76 | n/a | 1.22 | +180.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Revenue from operations rose 60.3% YoY to ₹1,032.50 crore, while other income was flat at ₹18.52 crore, 0.1% below a year earlier.
Net profit of ₹83.74 crore compares with a loss of ₹42.99 crore a year earlier and ₹25.23 crore in the preceding quarter. The filing records a gain on disposal of subsidiary of ₹148.83 crore as an exceptional item, and the company says it ceased to exercise control over Purva Ruby Properties on completion of the sale. Profit before exceptional items and tax was a loss of ₹54.98 crore.
Finance costs of ₹180.42 crore are 17.2% of total income, while depreciation rose 37.5% YoY to ₹14.46 crore. Tax expense was ₹10.11 crore, 10.8% of profit before tax of ₹93.85 crore.
Consolidated net profit is ₹10.57 crore lower than the standalone figure of ₹94.31 crore; the consolidated statement includes 41 entities, with 31 subsidiaries and 2 associates reviewed by other auditors.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 404.46 | 349.23 | +15.8% | 540.55 | -25.2% | |
| Revenue from operations | 383.04 | 334.40 | +14.5% | 511.92 | -25.2% |
| Other income | 21.42 | 14.83 | +44.4% | 28.63 | -25.2% |
| 94.31 | -36.21 | n/a | 17.87 | +427.8% | |
| Profit before tax | 106.09 | -47.78 | n/a | 25.95 | +308.8% |
| Finance costs | 78.45 | 72.79 | +7.8% | 81.25 | -3.4% |
| Depreciation | 3.41 | 2.99 | +14.0% | 3.10 | +10.0% |
| Tax expense | 11.78 | -11.57 | n/a | 8.08 | +45.8% |
| Net profit margin | 23.32% | -10.37% | +33.69 pp | 3.31% | +20.01 pp |
| EPS, basic (₹) | 3.98 | -1.53 | n/a | 0.75 | +430.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income of ₹404.46 crore fell 25.2% from the preceding quarter, while net profit rose 427.8% to ₹94.31 crore. The standalone results record a gain of ₹144.99 crore on the sale of the investment in Purva Ruby Properties as an exceptional item, which lifts profit before tax to ₹106.09 crore from a pre-exceptional figure of ₹(38.90) crore.
Other income of ₹21.42 crore, up 44.4% YoY, is 5.3% of total income and 20.2% of profit before tax. Revenue from operations rose 14.5% YoY, slower than other income. Finance costs of ₹78.45 crore are 19.4% of total income.
Tax expense of ₹11.78 crore is 11.1% of profit before tax. Standalone net profit is the company's figure after tax and before minority interests, and the statement does not split it between owners and minorities.
Consolidated total income of ₹1,051.02 crore is ₹646.56 crore higher than standalone total income of ₹404.46 crore, a gap the filing does not break down by subsidiary. Both natures record a gain from the sale of Purva Ruby Properties, at ₹148.83 crore consolidated and ₹144.99 crore standalone.
Inference
The filing records income tax assessment orders for AY2016-17 to AY2024-25 with a potential tax impact of ₹28.84 crore standalone and ₹45.08 crore consolidated. The company says the expenses were incurred in the ordinary course of business and has filed appeals; no provision has been made. The filing also records a Benami property notice covering 43.5 acres with a carrying value of ₹13.20 crore, to which the company has responded.
The filing does not say how the ₹145.00 crore sale consideration will be used, why Purva Ruby Properties was sold, whether any dividend has been declared, or whether the disputed tax amounts will lead to any payment. The outcome of the appeals and the Benami notice is not stated.
Filed with BSE on . Reference: Original filing (PDF)
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