Puravankara Limited has delivered a strong financial performance for the third quarter of FY26, marking a significant turnaround from previous quarters. The real estate developer announced its unaudited results for the quarter ended December 31, 2025, showing robust growth across key financial metrics. Following the earnings announcement, the company has now made available the complete transcript of its earnings call held on February 13, 2026.

Financial Performance Overview

The company's consolidated performance demonstrated remarkable improvement across all major parameters:

Operational Highlights

During Q3 FY26, the company recorded presales of Rs. 1,414 crore, registering 17% year-on-year growth. The company achieved its highest ever quarterly collection of Rs. 1,140 crore, representing 22% year-on-year growth. Sales volume during the quarter stood at 1.49 million square feet, while average realization improved by 12% year-on-year to Rs. 9,500 per square foot.

Earnings Call Transcript Availability

Following regulatory requirements under SEBI LODR Regulations, the company has made the complete transcript of its Q3FY26 earnings call available to investors and analysts:

Management Commentary on Launch Pipeline

During the earnings call, Managing Director Ashish Puravankara highlighted the company's robust launch pipeline. For Q4 FY26, the company plans to launch projects worth approximately Rs. 6,700 crore across Mumbai and Bengaluru markets.

Mumbai Launch Pipeline

Bengaluru Launch Pipeline

Business Development Achievements

For the nine months ended December 31, 2025, the company added 5 new projects with 12.76 million square feet of potential development area and estimated gross development value of approximately Rs. 13,900 crore:

Debt Management and Cash Flow

CFO Neeraj Gautam highlighted the company's improved financial position with net debt at Rs. 2,482 crore as of December 31, 2025, representing a net debt-to-equity ratio of 1.47x. The company maintained strong liquidity with cash and bank balance of Rs. 1,082 crore. During Q3 FY26, the company generated an operating surplus of Rs. 64 crore, with nine-month operating surplus at Rs. 755 crore.

Commercial Assets Update

The company provided updates on its commercial portfolio during the earnings call. The Zentech project has sold 127,000 square feet and leased 90,000 square feet to IKEA. Both Zentech and Aerocity projects are expected to receive occupation certificates by end of March 2026. Once fully leased, both assets are projected to generate annual rental income of approximately Rs. 200 crore.

Future Outlook

Management expressed optimism about the sector outlook, supported by strong macroeconomic fundamentals, declining interest rates, and sustained end-user demand. The company expects to maintain a launch frequency of almost one project per month between West and South regions, leveraging the substantial business development investments made over the past 24 months.

Puravankara Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, providing shareholders with an opportunity to convert their physical holdings to electronic format. The initiative follows regulatory guidelines and aims to facilitate seamless access to securities for eligible investors.

Special Window Details

Pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, the company has opened a special window for transfer and dematerialisation of physical securities that were sold or purchased prior to April 01, 2019.

Transfer Process and Requirements

Shares that are re-logged for transfer, if approved, will be issued only in demat mode and shall be under lock-in for a period of one year from the date of registration of transfer. The company will follow due process for all transfer-cum demat requests submitted during this special window period.

Shareholders wishing to avail this opportunity must contact the company's Registrar and Transfer Agent for assistance with the transfer process. All requests will be processed according to established procedures and regulatory requirements.

Contact Information for Assistance

For shareholders seeking to utilize this special window, the company has provided comprehensive contact details:

Regulatory Compliance and Documentation

The announcement was published in leading newspapers on February 07, 2026, including Financial Express (English) and Vijaya Karnataka (Kannada), ensuring wide dissemination of information to shareholders. The detailed information along with the SEBI circular is available on the company's investor relations website.

The company has formally notified stock exchanges BSE Limited (Stock Code: 532891) and National Stock Exchange of India Limited (Stock Code: PURVA) about this special window initiative. Company Secretary and Compliance Officer Sudip Chatterjee (Membership No.: F11373) signed the official communication to exchanges on February 07, 2026.

Additional Information Access

Shareholders can access comprehensive details about the special window process, including the complete SEBI circular, through the company's dedicated investor relations portal. For further clarification or assistance, investors are encouraged to reach out through the provided contact channels during the one-year window period.