Puravankara shares surge over 11% after double-digit growth in Q3 sales value, collections

Puravankara shares surged over 11% on Wednesday, January 14, following the company's robust third-quarter business update that showcased strong growth across key financial metrics. The real estate developer's stock hit an intraday high of ₹256.78, snapping a five-day losing streak.

Strong Financial Performance in Q3

The company delivered impressive financial results for the December quarter, demonstrating solid momentum across collections and sales metrics:

Metric	Q3 Performance	YoY Growth	QoQ Growth
Collections	₹1,140 crore	+22%	+9%
Sales Value	₹1,414 crore	+17%	+7%
Sales Area	1.49 million sq ft	+4%	Decline
Average Realisation	₹9,500 per sq ft	+12%	-

Delivery and Development Milestones

Puravankara maintained strong execution capabilities during the quarter, delivering 1,116 homes across 1.23 million square feet. For the first nine months of the fiscal year, the company has delivered a total of 2.58 million square feet encompassing 2,446 homes.

The company significantly expanded its land bank during the nine-month period, adding over 12.76 million square feet of potential developable area with an estimated gross development value (GDV) of ₹13,900 crore. These acquisitions include:

53.5-acre land parcel in Anekal Taluk, Bengaluru
Large-scale partnerships in North and East Bengaluru
Redevelopment projects at Malabar Hill and Chembur

Major Construction Order Win

Puravankara's wholly-owned subsidiary Starworth Infrastructure and Construction Ltd. received a significant boost with a letter of intent for a large residential project in Bengaluru. The details of this major contract include:

Parameter	Details
Order Value	₹311.18 crore
Project Name	Sattva AANGANE
Built-up Area	3.04 million sq ft
Execution Period	37 months
Client	Sattva Resi Pvt. Ltd.

Market Performance

Despite the strong quarterly performance and recent gains, Puravankara shares have faced headwinds over the longer term, declining 25.2% in the past year. However, the latest business update appears to have restored investor confidence, with the stock breaking its recent losing streak and posting significant gains on the back of improved operational metrics and new order wins.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+10.90%	+5.46%	+4.76%	-11.17%	-23.88%	+193.03%

Puravankara Limited has announced strong Q3FY26 results with pre-sales of ₹1,414.00 crores, representing a 17% year-on-year growth. The real estate developer also reported customer collections of ₹1,140.00 crores for the quarter, marking a significant 22% YoY increase. The company's average price realisation improved by 12% YoY, demonstrating robust pricing power in its markets.

Financial Performance Overview

The company's Q3FY26 performance showcased consistent growth momentum across key metrics:

Particulars	Q3 FY26	Q3 FY25	Q2 FY26	YoY (%)	QoQ (%)	9MFY26	9MFY25	YoY (%)	FY 25
Sales Value (₹ Cr)	1,414.00	1,209.00	1,322.00	17%	7%	3,859.00	3,543.00	9%	4,783.00
Collections (₹ Cr)	1,140.00	937.00	1,047.00	22%	9%	3,045.00	2,820.00	8%	3,711.00
Sales Area (msft)	1.49	1.43	1.50	4%	-1%	4.24	4.24	0%	5.67
Average Realization (₹ per sft)	9,500.00	8,452.00	8,814.00	12%	8%	9,105.00	8,356.00	9%	8,436.00

During Q3FY26, the company handed over 1.23 million square feet, delivering 1,116 homes to customers. The cumulative handover for 9MFY26 reached 2.58 million square feet, comprising 2,446 homes.

Strategic Portfolio Expansion

Puravankara achieved significant portfolio expansion during 9MFY26, adding over 12.76 million square feet of potential developable area with an estimated gross development value of approximately ₹13,900.00 crores. The strategic acquisitions span across key markets in Bengaluru and Mumbai:

Location	Details	GDV Potential
Anekal Taluka, Bengaluru	53.5-acre land parcel offering 6.4 msft	~₹4,800.00 crores
Malabar Hill, Mumbai	Redevelopment project on 1.43 acres	~₹2,700.00 crores
Chembur, Mumbai	Eight residential societies across ~4 acres	₹2,100.00 crores
KIADB Hardware Park, North Bengaluru	24.59-acre land parcel with 3.48 msft developable area	₹3,300.00 crores
Balegere, East Bengaluru	Joint development on 5.5-acre land parcel	₹1,000.00 crores

New Project Launches

In Q3FY26, Puravankara launched Purva Silversky at Hebbagodi Village, Attibele Hobli, Anekal Taluk, Bengaluru. The project features a total saleable area of 773,111 square feet and comprises 356 homes across 3, 4 and 5 BHK configurations. During 9MFY26, the company's total saleable area launched stood at 2.83 million square feet, including 2.05 million square feet from new phase launches.

Management Commentary

Ashish Puravankara, Managing Director, highlighted the company's strategic progress: "In 9MFY26, we made significant progress in expanding our portfolio, adding over 12.76 msft of potential developable area with an estimated GDV of approximately ₹13,900.00 crores. These include marquee acquisitions across Bengaluru and Mumbai. Our focus remains on disciplined execution and value creation through strategic expansion in high-demand micro-markets. In Q3FY26, we continued the growth momentum, driven substantially by sustenance sales, achieving pre-sales of ₹1,414.00 crores and collections of ₹1,140.00 crores, both improving year-on-year."

Market Outlook

India's macroeconomic momentum remained strong in Q2FY26, with real GDP growth of around 8.20% YoY, leading the RBI to upgrade its FY26 growth outlook to 7.30%. While residential housing demand moderated in Q3FY26, declining by approximately 16% YoY in volume terms, the commercial real estate segment remained resilient with leasing activity rising about 15% QoQ. Bengaluru led leasing absorption with a 24% share, followed by Mumbai at 22% and Delhi-NCR at 18%.