Puravankara Q4 FY26: Revenue +173%, PAT ₹117 cr, stock +15%

What triggered the move in Puravankara shares

Shares of Puravankara Ltd jumped about 15% on Tuesday after the company reported strong earnings growth in its quarterly results released late Monday. The stock touched an intraday high of ₹249 on the NSE and traded around ₹240 at the time of writing. The sharp move came alongside a reported turnaround in quarterly profitability and a steep rise in revenue, supported by higher residential unit handovers.

The company also described the March quarter as its “highest-ever sales” quarter. Ashish Puravankara, Managing Director, Puravankara, said Q4 FY26 delivered a 37% increase in average realisation and PAT of ₹111 crore. Separately, the earnings update cited net profit of ₹117 crore for the quarter.

Q4 FY26 results: revenue surge on higher handovers

Puravankara reported revenue of ₹1,541 crore in Q4 FY26, up 173% from ₹542 crore in the corresponding quarter last year. The company attributed the sharp jump largely to incremental handover of residential units during the quarter.

Operationally, handovers rose to 1,301 units in Q4 FY26 compared with 671 units in the same period last year. With the higher revenue base, the company’s bottom line moved from loss to profit. Net profit for the quarter came in at ₹117 crore, compared with a net loss of ₹111 crore a year ago.

The company characterised the quarter as an all-round robust performance, with profitability rising sharply versus the year-ago period.

Full-year FY26: revenue up, profitability turns positive

For the fiscal year ended March 2026, Puravankara’s revenue increased to ₹3,740 crore from ₹2,015 crore in the previous fiscal year. The company also posted a net profit of ₹57 crore for FY26, compared with a net loss of ₹183 crore in FY25.

On the sales side, the company sold real estate worth ₹7,407 crore in FY26, up 55% year-on-year from ₹4,783 crore. Area sold rose to 7.25 million square feet (msft) from 5.67 msft.

These numbers mattered to the market because they linked the quarterly revenue spike with both a higher delivery base and a full-year improvement in profitability.

Q3 FY26 results: strong year-on-year jump in revenue and PAT

In its Q3 FY26 results, Puravankara reported total revenue of ₹1,104 crore, up 231% year-on-year. The company also reported Profit After Tax (PAT) of ₹58.48 crore, compared with a loss of ₹94 crore in Q3 FY25.

The company said sales value grew 17% year-on-year, supported by sustained demand across key markets and healthy price realisations. The Q3 performance formed part of the broader FY26 trend where profitability moved into positive territory after prior-year losses.

Q1 FY26 snapshot: revenue, loss, collections and pricing

For Q1 FY26, Puravankara reported total revenue of ₹539 crore and a net loss of ₹69 crore. Customer collections for the period were ₹857 crore.

In the same quarter, the company reported total area sold of 1.25 msft and total sales value of ₹1,124 crore. Average sales realisation was ₹8,988 per square foot (psft). The company also stated that in Q1 FY26, despite no new launches, it recorded 6% year-on-year growth in pre-sales to ₹1,124 crore versus ₹1,064 crore in Q1 FY25. It added that average price realisation improved 9% year-on-year to ₹8,988 psft from ₹8,246 psft.

April 13 March-quarter business update: sales and collections jump

Puravankara’s shares also reacted strongly on April 13, when the stock surged 17.3% during Monday’s trading session after a March quarter business update. The company reported a 190% increase in sales to ₹3,547 crore for the period, compared with ₹1,225 crore in the same period last year.

Collections rose 36% to ₹1,213 crore from ₹892 crore in the corresponding period last year. The update also said the company launched new projects, enhancing its sales pipeline for FY27.

Q3 business update: pre-sales, collections and deliveries

In another market update referenced alongside the stock’s movement, Puravankara reported pre-sales of ₹1,414 crore, up 17% year-on-year, and collections of ₹1,140 crore, up 22% year-on-year. The company said it handed over 1.23 million square feet and delivered 1,116 homes during the quarter.

Such operational metrics are closely tracked in real estate because handovers and collections influence reported revenue recognition and cash flows.

Key numbers at a glance

Market impact: why deliveries and collections mattered this quarter

The stock reaction followed a quarter where revenue growth was linked directly to higher handovers of residential units. A rise in handovers can lift reported revenue in a given quarter, and the company explicitly cited incremental handovers as a key driver of the year-on-year revenue jump.

Investors also appeared to respond to the broader shift from losses to profits at both quarterly and annual levels. Alongside the earnings, the company’s disclosed business updates on sales and collections added context on demand and cash movement, including a 36% increase in collections to ₹1,213 crore in the March quarter update.

Analysis: what the FY26 numbers indicate

The FY26 results combined three elements that markets typically watch in listed residential developers: a higher revenue base, a profitable year after a loss-making FY25, and higher sales value with increased area sold. The company’s FY26 sales value of ₹7,407 crore and area sold of 7.25 msft provided a scale indicator beyond accounting revenue.

At the same time, the quarterly disclosures show variability across FY26. Q1 FY26 reported a net loss of ₹69 crore, while Q4 FY26 reported net profit of ₹117 crore, highlighting how delivery timing and recognition can influence quarterly outcomes.

Conclusion

Puravankara’s Q4 FY26 results and FY26 full-year numbers drove a sharp share-price response, supported by revenue of ₹1,541 crore in the quarter, net profit of ₹117 crore, and higher handovers. Business updates through the year, including the April 13 March-quarter update, reinforced the market’s focus on sales and collections as the company heads into FY27 with a stated pipeline supported by new launches.