Puravankara

Puravankara Limited has allotted 750 non-convertible debentures worth INR 75 crores as the second tranche of its INR 300 crore fundraising program through private placement to identified investors. The debentures have a face value of INR 10 lakhs each and are part of the company's approved debt fundraising initiative with a 60-month tenure from the first allotment date of June 20, 2025.

Puravankara Limited announced signing an Agreement to Lease with IKEA India for two floors of retail space covering more than 1.2 lakh square feet at Purva Zentech Park on Kanakapura Road, Bengaluru. The space is expected to be handed over in Q1 of calendar year 2026, strengthening Puravankara's commercial real estate portfolio in South Bengaluru's high-growth corridor.

Puravankara Limited reported pre-sales of Rs 1,322 crores in Q2 FY26, marking a 4% increase from Rs 1,270 crores in Q2 FY25, driven entirely by sustenance sales. The company achieved average price realization of Rs 8,814 per square feet, up 7% year-on-year, with customer collections reaching Rs 1,047 crores, an 8% increase. For H1 FY26, pre-sales totaled Rs 2,445 crores (up 4%) and collections hit Rs 1,904 crores (up 1%). Revenue grew to Rs 663 crores compared to Rs 520 crores last year, but the company reported a loss of Rs 42 crores versus Rs 20 crores in Q2 FY25, attributed to timing of revenue recognition under IndAS and strategic investments in new projects. The company added over 6.36 million square feet of developable area with potential GDP of approximately Rs 9,100 crores, including projects in North Bengaluru, Chembur Mumbai, East Bengaluru, and Malabar Hills. Net debt stands at Rs 2,894 crores with debt per square foot at Rs 859 for residential and Rs 252 for commercial projects. The company expects to launch 15.46 million square feet across Mumbai, Bengaluru, Chennai and Pune in H2 FY26, carrying potential of Rs 5,800 crores plus.