Puravankara's Record 2025-26: Reading the Numbers as a Bangalore Buyer

A developer's annual results are easy to misread, because a record headline can hide a slow cash trail. Puravankara, the listed Bangalore firm that builds as Purva and as Provident, reported its 2025-26 numbers on 19 May 2026, and sales set a company record. Here is how to read them as a Bangalore buyer, with Cr standing for crore throughout.

First, the buyer's takeaways

The company's results describe the company, whereas a purchase depends on one project. Still, a few points carry over:

• Strong brand demand makes firm launch pricing more likely
• A 21% yearly climb in the average rate hints at a launch mix tilting to larger, costlier homes
• Plenty of planned launches should widen choice across northern, eastern and southern Bangalore within two years
• Several new parcels are on the fringe, so roads, water supply and transport links each need a check
• On big parcels, later phases open only when earlier ones have sold
• Rising collections reassure, but the size of the borrowings justifies a close read of each project's progress

The numbers behind the record

Across the 2025-26 financial year the company booked Rs. 7,407 Crore, which is 55% more than the Rs. 4,783 Crore of the prior year. It sold 7.25 mn sq ft, a gain of 28% on 5.67 mn sq ft. Realised price averaged Rs. 10,213 a sq ft, 21% above Rs. 8,436 the year before.

Money received was lower, as it always is: Rs. 4,258 Crore, 15% above Rs. 3,711 Crore. Revenue booked was Rs. 3,846 Crore and profit after tax only Rs. 58 Crore. Owners received 3,747 homes during the year.

The final quarter did the heavy lifting. January to March 2026 brought Rs. 3,547 Crore, a 190% jump from Rs. 1,225 Crore in the quarter a year earlier, with 3.01 mn sq ft sold at Rs. 11,787 a sq ft. For that quarter revenue was Rs. 1,541 Crore and profit Rs. 111 Crore.

Price against volume

Two forces explain the 55% jump. More area was sold, which accounts for the 28%, and each square foot fetched more, which accounts for the 21%. The record is therefore partly a story of dearer homes and not only of more sales.

For a buyer, the dearer-homes half is the half to study. A full-year rate of Rs. 10,213 and a last-quarter rate of Rs. 11,787 suggest a premium on new launches over older stock. The average spans every city and brand, so a given Bangalore tower will price differently. The cost sheet of the exact home is the figure to use.

Bangalore launches and land

Bangalore got two of the three launches in that final quarter: Purva Northern Lights, near the aerospace park in the north, and Purva Silver Sky at Hebbagodi, close to Electronic City. The Mumbai launch was Purva Estrella. Launches over the full year, new phases of running projects counted, came to 6.39 mn sq ft.

Land was added too, in the form of Bangalore and Mumbai projects totalling 13.6 mn sq ft and with an expected sales value of about Rs. 15,200 Crore. The biggest Bangalore piece, on the south side, was 53.5 acres in Anekal taluk.

Cash, profit and debt

Bookings and collections differ because customers pay in stages while construction advances. Collections grew 15% against a 55% rise in bookings, since most of the selling fell late in the year. Profit lags for a different reason: revenue is booked on completion and handover, so record bookings reach the accounts later.

Unlike a few listed peers, the company carries real borrowings. By the close of March 2026 net debt had come down Rs. 160 Crore in three months to Rs. 2,321 Crore, which puts the debt-to-equity ratio at 1.31. Land and launches need cash ahead of sales, so the figure rewards a look every quarter.

What came after, in 2026-27

Alongside the annual results came a Rs. 11,200 Crore sales goal for 2026-27 and a plan to launch 21.02 mn sq ft within a year to 15 months. Both point to a busier pipeline than in earlier years.

Quarterly numbers for April to June 2026 came out on 14 August 2026:

• Bookings worth Rs. 1,439 Crore, a 28% rise on the year-earlier quarter
• 1.36 mn sq ft sold in 1,017 homes, with the average price up 18% to Rs. 10,589 a sq ft
• Collections of Rs. 1,199 Crore, 40% higher
• A profit after tax of Rs. 25 Crore, where a loss was recorded a year before
• 745 handovers, and net debt up to Rs. 2,836 Crore as June 2026 closed

Bangalore saw four land deals signed over the same three months, the parcels being at Sanna Ammanikere, Sarjapura, Doddagubbi and Mandur. They add up to 41.93 acres and expected sales of roughly Rs. 5,200 Crore. The year's goal stayed where it was.

Buying land is just the beginning. Approvals, registration and the launch itself can drag on for a year or more, and a project may carry a codename in the meantime. Since the RERA Act bars advertising and booking ahead of registration, a pre-launch offer should begin with a request for the registration number.

Checks before you book a Purva or Provident home

Strong sales are good for the company, while the project papers decide your purchase. These steps suit any project in Bangalore:

1. Search the Karnataka RERA portal for the project, then note the promoter, number and completion date.
2. Identify the home's phase and tower, since big projects are registered part by part.
3. Go through the newest quarterly progress report for that tower.
4. Insist on a full cost sheet that lists floor rise, car park, club charges, deposits and GST.
5. Set the carpet-area rate against nearby projects along the same road.
6. Study how the agreement handles the possession date and delay compensation.
7. Make sure each payment is made into the RERA-designated project account.

Homes priced above Rs. 45 Lakhs also attract stamp duty of 5.6% and registration of 2%. Our EMI calculator estimates the monthly instalment and the cash required up front, and the team will share price lists and availability on request.