Puravankara Swings to ₹83.74 Crore Profit in Q2 FY27, Income Rises 58.6%.

Strong sales, higher customer collections and increased project handovers drive quarterly performance, while net debt declines by ₹470 crore.
  NEW DELHI: Puravankara Limited reported consolidated net profit of ₹83.74 crore in Q2 FY27, up from a net loss of ₹42.99 crore in the same quarter last year. Consolidated total income rose 58.6% year-on-year to ₹1,051.02 crore. The company's quarterly sales value surged 109% to ₹2,762 crore, including proceeds from the divestment of Purva Zentech. Sales volume increased 59% to 2.38 million sq. ft., while customer collections grew 24% to ₹1,301 crore. The company handed over 977 residential units during the quarter. For H1 FY27, Puravankara reported a net profit of ₹108.97 crore, against a loss of ₹111.54 crore a year earlier. Total income increased 60.5% to ₹1,928.17 crore. Net debt declined ₹470 crore sequentially to ₹2,366 crore. The company also added projects with an estimated gross development value of ₹8,900 crore during Q2, strengthening its development pipeline across Bengaluru, Mumbai and Greater Noida.