This is the stock’s biggest single-day gain since April 9, 2025, when it had surged 19.3%.
The real estate developer reported pre-sales of ₹1,439 crore for the quarter, up 28% from the previous year, while its collections rose 40% to ₹1,199 crore. This reflected sustained customer confidence and delivery timeliness, the company said.
The company’s quarterly sales increased 9% to 1.36 million square feet (msft) and average price realisation rose 18% y to ₹10,589 per square foot from the previous year. Puravankara handed over 0.94 msft during the quarter, delivering 745 homes.
Ashish Puravankara, managing director of the company, said the June quarter marked a strong start to the year and reaffirmed the resilience and depth of the company’s business strategy. He described the 18% rise in average price realisation as an indicator of the company’s shift towards premiumisation and well-located, high-quality developments, offering tangible value for both customers and shareholders.
Puravankara said it had entered into an agreement with ICICI Prudential Asset Management Company (AMC) for the sale of its commercial property, Purva Zentech. The transaction values the asset at an enterprise value of ₹625.94 crore, of which ₹145 crore will be received through the sale of shares in the SPV.
The company was also active on the business development front, announcing four land deals during the quarter with a combined development value of ₹5,200 crore, all in Bengaluru and covering nearly 42 acres. In Sarjapura, it signed a joint development deal for 6.4 acres worth over ₹1,000 crore. In North Bengaluru’s Doddagubbi area, it struck another joint development deal for 11.23 acres worth over ₹1,100 crore. Also in North Bengaluru, near the airport, the company acquired 9.73 acres in Sanna Ammanikere worth around ₹800 crore. And in Mandur, it secured 14.57 acres worth ₹2,300 crore — the largest of the four deals.
These additions build on Puravankara’s project pipeline and support its plan for steady, profitable growth. The company said this strong start to the year keeps it on track to meet its FY2026–27 sales target of ₹11,200 crore across the Southern and Western regions, and that it is confident of sustaining this momentum through the rest of the year.
Puravankara shares gained 16.8% to hit an intraday high of ₹261.8 apiece on Monday. The stock was up 11.9% at 250.7 apiece at 1.45 pm. It has gained 4.3% this year, so far.
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