Puravankara Limited · NSE:PURVA
Puravankara — Q2 FY26 Earnings Presentation
55 slides from Puravankara's earnings presentation, Nov 7, 2025
Slide 1: Stock exchange intimation: Analysts/Institutional Investors Meeting presentation
Date: 07.11.2025 To, The General Manager, The Manager, Listing Operations Listing Department, Department of Corporate Services National Stock Exchange of India Limited, BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, P. J. Towers, Dalal Street, Fort, G Block, Bandra-Kurla Complex, Bandra (E), M
Slide 2: Investor Corporate Presentation Q2 FY26
INVESTOR CORPORATE PRESENTATION Q2 FY26 Artist’s impression of our upcoming project in KIADB Hardware Park, Bengaluru 1
Slide 3: Table of contents
Table of contents * Market insights 3–5 * Company overview 6– 7 * Operational overview – sales and collections 8– 10 * Diversified offerings across market segments 11– 15 * Expanding with a pan-India presence 16– 19 * Efficient capital management 20 – 22 * Update on Financials 23– 26 * Update on Cas
Slide 4: Market Insights - Residential
Market Insights - Residential India's residential sector reported sustained buoyancy, with both sales and launches surpassing the 2,00,000-unit mark over the January to September (Q4 FY25 – Q2 FY26) period. A key indicator of healthy market dynamics was the near equilibrium observed between the vol
Slide 5: Market Insights – Office
Market Insights – Office India’s office real estate market maintained strong growth in Q2 FY26, driven by steady demand from domestic firms and expansion of Global Capability Centers (GCCs). Leasing activity reached 19.9 million sq. ft., pushing cumulative absorption over the last three quarters (
Slide 6: Investment & Macro Update – India (Q2 FY26)
Investment & Macro Update – India (Q2 FY26) Private Equity Real Estate Investment India (USD bn) Q2 FY 26 Q1 FY 26 1.5 1.6 Economic Overview • Real GDP grew 7.8% in Q1 FY26, retaining India’s position as the fastest-growing major economy. • IMF projects 6.4% growth for FY26. • RBI cut repo rate by 1
Slide 7: Company Overview
Company Overview Investor Presentation Q2FY26 6
Slide 8: Diversified across price segments and geographies
Diversified across price segments and geographies • Operations was started in 1975 & Company incorporated on June 3, 1986 , a strong legacy in real estate 93 23,300+ development. Homes with total Completed residential Developable Area of • Presence in luxury residences, projects and commercial, prem
Slide 9: Sales and Collections
Operational Overview Sales and Collections Investor Presentation Q2FY26 8
Slide 10: Key Business Highlights – Q2FY26
Key Business Highlights – Q2FY26 ~INR 1,322 Cr 1.50 msft ~INR 1047 Cr ~INR 8,814 Sales Value Sales volume* Customer Collections Average Realization ₹ per sft Q2FY25 sales of INR 1,270 Cr Q2FY25 sales volume of 1.54 msft 8% YoY increase 7% YoY increase ~INR 663 Cr ~INR 42 Cr loss 18% Total Revenue PA
Slide 11: Key Business Highlights – H1FY26
Key Business Highlights – H1FY26 ~INR 2,455 Cr 2.75 msft ~INR 1904 Cr ~INR 8,891 Sales Value Sales volume* Customer Collections Average Realization ₹ per sft H1FY25 sales of INR 2,349 Cr H1FY25 sales volume of 2.84 msft H1FY25 collection of INR 1,883 msft 8% YoY increase ~INR 1,201 Cr ~INR 111 Cr lo
Slide 12: Diversified Offerings Across Market Segments
Diversified Offerings Across Market Segments Investor Presentation Q2FY26 11
Slide 13: Sales Q2FY26 Vs Q2FY25
Sales Q2FY26 Vs Q2FY25 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-25 Sep-24 % Sep-25 Sep-24 % Sep-25 Sep-24 % Sep-25 Sep-24 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Purva South 1.10 1.40 -22% 870 1122 -22% 958 1127 -15% 8,733 8,051 8% Comple
Slide 14: Sales H1FY26 Vs H1FY25
Sales H1FY26 Vs H1FY25 Based on Bookings Period Ended Area Sold Units Sold Sale Value Sale Realization Sep-25 Sep-24 % Sep-25 Sep-24 % Sep-25 Sep-24 % Sep-25 Sep-24 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Purva South 2.05 2.52 -19% 1593 2053 -22% 1809 2033 -11% 8,826 8,069 9% Compl
Slide 15: Sales area classification – unit value & regional contribution
Sales area classification – unit value & regional contribution Unit Value wise contribution to sales value H1 FY26 FY25 Rs.0 -0.5 cr • Unit Value wise –81% of the > Rs.2 cr 7% > Rs.2 cr Rs.0 -0.5 cr Group’s sales are accounted 19% 19% 11% by units, for which average sales price per unit is less Rs.1
Slide 16: Collections trend
Collections trend Collections (INR cr) 1,200 1,032 1,047 973 1,000 107 937 910 892 177 885 126 857 827 127 60 108 800 45 153 157 655 603 616 42 600 32 47 503 17 925 824 847 870 400 782 802 810 739 700 571 569 613 485 200 - Q2 FY23 Q3 FY23 Q4 FY 23 Q1 FY 24 Q2 FY 24 Q3 FY 24 Q4FY 24 Q1 FY 25 Q2 FY 25
Slide 17: Expanding with a Pan-India Presence
Expanding with a Pan-India Presence Investor Presentation Q2FY26 16
Slide 18: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development Completed Developable Area as at 30 September 2025 in million sq. ft. Ongoing Land Assets Total Assets (A) (B) (A)+(B) South India Bengaluru 39.96 14.53 19.73 34.26 Chennai 6.54 6.13 0.00 6.13 Hyderabad 2.78 0.00 0.00 0.00 Kochi 2.74 3.12
Slide 19: Ongoing and new launches
Ongoing and new launches Non-Bengaluru projects now account for 58% of the share of ongoing Geography wise Ongoing and Planned projects; and 38% of Planned projects. Mumbai & Pune together constitute 15% of the Planned projects. 0% 0% 15% 15% 4% Launch Pipeline 9% 13% Planned projects Ongoing 42% 13
Slide 20: Planned projects
Planned projects Sr. no Location/ Project Name City Development New Developable PL Share in Saleable area Inventory that will Expected launch Model Project/New Area JD (msft) be opened at the quarter phase (msft) time of launch Puravankara South ` 1 Bellandur Bengaluru Owned New project 0.48 100% 0.
Slide 21: Efficient capital management
Efficient capital management Investor Presentation Q2FY26 20
Slide 22: Debt movement
Debt movement Debt/ sft of under construction area Sep-25 June-25 Mar-25 Mar-24 Mar-23 Mar-22 Net Debt 2894 2825 2949 2151 2208 1846 Ongoing Projects (msft)* 26 27 26 25 20 15 Debt/ sft (Rs/ sft) 1111 1060 1131 874 1106 1248 Debt/ sft for Residential & Land 859 830 913 795 1021 1248 Debt/ sft for co
Slide 23: Debt composition and repayment schedule
Debt composition and repayment schedule Debt Composition Repayment Schedule as at 30 September 2025 INR Cr As at 30 September As at 30 June 2025 Increase/(decrease) 2025 Residential 1,889 1,924 34 More than 3 years Next 1 year Land 1,042 1012 -30 366 repayment 10% 800 Capex towards Commercial develo
Slide 24: Update on Financials
Update on Financials Investor Presentation Q2FY26 23
Slide 25: Consolidated statement of profit & loss for the quarter ended September 30, 2025
Consolidated statement of profit & loss for the quarter ended September 30, 2025 All numbers in INR Cr Particulars Q2FY26 Q1FY26 Q2FY25 Income Revenue from operations 644.20 524.40 495.54 Other income 18.53 14.24 24.14 Total income 662.73 538.64 519.68 Expenses Sub-contractor cost 516.68 405.44 251.
Slide 26: Consolidated statement of profit & loss for six months ended September 30, 2025
Consolidated statement of profit & loss for six months ended September 30, 2025 All numbers in INR Cr Particulars H1 FY26 H1 FY25 Income from operations Revenue from projects 1,168.60 1,153.87 Other Income 32.77 41.36 Total Income from operations 1,201.37 1,195.23 Expenses Sub-contractor cost 922.12
Slide 27: Consolidated Balance sheet as at September 30, 2025
Consolidated Balance sheet as at September 30, 2025 All numbers in INR Cr Equity and Liabilities 30-Sep-25 31-Mar-25 Assets 30-Sep-25 31-Mar-25 Unaudited Audited Unaudited Audited Shareholders' Funds Non-Current Assets (a) Equity share capital 119 119 (a) Property, plant and equipment 220 218 (b) Ot
Slide 28: Update on Cash flows
Update on Cash flows Investor Presentation Q2FY26 27
Slide 29: Direct cashflows
Direct cashflows All numbers in INR Cr Cash Flow Statement Q2 FY26 Q1 FY26 Q2 FY 25 H1 FY26 H1 FY25 Half year YoY A Operating Inflows 1,182 961 1,182 2,144 2,147 0% Collection from operations 1,182 961 1,182 2,144 2,147 0% B Operating Outflows (871) (808) (874) (1,679) (1,559) 8% C=A-B Operating Sur
Slide 30: Cash flow potential
Cash flow potential South West Total Balance collections from sold units (A) 3,708 864 4,572 • Cashflow Visibility of Rs.6730 Crores in next Value of Inventory open for sale 1 (B) 5,233 1,961 7,195 3-4 years Balance cost to go 2& 3 (C) 4,424 2,131 6,555 •• Balance Cashflowreceivables of Visibility o
Slide 31: Cashflow and debt management
Cashflow and debt management Amount Particulars (in INR crore) Group A - Ongoing (including not launched for sale) projects Balance customer collection 1 A 19,371 Balance cost to go 2 & 3 B 11,692 • Net debt stands at INR 2,894 Surplus from ongoing (including not launched for sale) projects C= A-B 7
Slide 32: Project Status
Project Status Investor Presentation Q2FY26 31
Slide 33: Puravankara expands its redevelopment portfolio in Mumbai
Puravankara expands its redevelopment portfolio in Mumbai Acres – 4.97 Acres – 2.6 Acres – 0.60 Acres – 3.78 Acres – 1.43 Saleable Area - 0.63 msft (Unit 4 & Saleable Area – 0.36 msft Saleable Area – 0.08 msft Saleable Area – 0.98 msft Saleable Area – 0.35 msft 5) Location – Deccan, Pali Hills, Loca
Slide 34: Recent land acquisitions with INR 9,100 Cr GDV – H1 FY26
Recent land acquisitions with INR 9,100 Cr GDV – H1 FY26 Joint Venture in North Bengaluru • Partnered with KVN Property Holdings LLP • 24.59 acres | ~3.48 msft developable area • Estimated GDV: INR 3,300+ Cr • Near airport | Launch expected in 4- 6 months • Redevelopment Project in Chembur, Mumbai •
Slide 35: Update on possession for completed projects
Update on possession for completed projects Projects Q2 FY 26 Q1 FY 26 Q4 FY 25 Q3 FY 25 Q2 FY 25 Q1 FY 25 We handed over 663 units, spanning 0.67 Total possession in units 663 667 671 319 591 929 msft, in Q2 FY26, generating revenue of INR 663 crore. Total possession in area (msft) 0.67 0.68 0.74 0
Slide 36: Project Status - Completed Projects with inventory as on September 30, 2025
Project Status -Completed Projects with inventory as on September 30, 2025 Area Sold JD / JV Share Puravankara's Share S.No. Project Location Developable Area Total Flats Inventory for Developer - Developable Area Launched Cumulative Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED PL-
Slide 37: Project Status – Under Construction as on September 30, 2025
Project Status – Under Construction as on September 30, 2025 Area Sold JD / JV Share for Puravankara's Share - S.No. Project Location Developable Area Total Flats Launched Cumulative Inventory Developer Developable Area Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION PL-South
Slide 38: Project Status – Not yet open for Sale as on September 30, 2025
Project Status – Not yet open for Sale as on September 30, 2025 Puravankara's Developable JD / JV Share for S.No. Project Location Total Flats Share - Sold Cumulative Unsold Inventory Area Developer Developable Area Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES NOT OPEN F
Slide 39: Ongoing (open for sale) residential projects- city wise
Ongoing (open for sale) residential projects- city wise Puravankara’s City Total Projects Area (Msft) Sold Area Inventory (Msft) share Mumbai 4 2.36 1.97 1.04 0.93 Bengaluru 13 9.87 8.81 6.03 2.78 Chennai 3 5.53 5.53 2.00 3.54 Kochi 2 2.89 1.71 1.29 0.43 Pune 5 2.14 1.99 1.07 0.92 Goa 1 1.07 1.07 0.
Slide 40: Good governance practices
Good governance practices 39 Investor Presentation Q2FY26
Slide 41: Board of Directors
Board of Directors Ravi Puravankara Ashish Puravankara Chairman of the Board Managing Director Anup Shah Sanmukh Shailaja Jha K G Krishnamurthy Non- Executive Independent Director Non- Executive Independent Director Non- Executive Independent Director Investor Presentation Q2FY26 40
Slide 42: Leadership team
Leadership team Ravi Puravankara Ashish Puravankara Chairman of the Board Managing Director Mallanna Sasalu Rajat Rastogi Niraj Gautam CEO - South CEO – West and Commercial Chief Financial Officer Investor Presentation Q2FY26 41
Slide 43: Appendix 1: Other Corporate Information
Appendix 1: Other Corporate Information Investor Presentation Q2FY26 42
Slide 44: Awards and Accolades
Awards and Accolades Pride of India Award 2025 to Mr Orient Grand - Luxury Real CIDC Vishwakarma Awards CIDC Vishwakarma Awards 2025: Ashish Puravankara, MD, Estate Project of the Year by 2025: Achievement Award Outstanding contribution to the Puravankara Limited by The Times Real Estate for Social
Slide 45: Shareholding Pattern as of Sept 30, 2025
Shareholding Pattern as of Sept 30, 2025 FPIs Atyant Capital Others, 7.37% Gothic Corporation Insurance AIF, 0.03% Companies, 0.37% Duke Endowment Vanguard Abu Dhabi Investment Authority FII & FPI, 17.23% Ishares Insurance and Bodies Corporate Life Insurance Corporation Promoter, 75.00% Alternate In
Slide 46: Share Price Movement
Share Price Movement 20% 0% -20% -40% -60% -80% -100% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Purva Sensex BSE Realty 01-Oct-24 30-Sept-25 % Change Notes: Graph rebased to 100 PURVA 397.80 263.25 (33.82)% SENSEX 84,257.17 80,267.62 (4.73) % Investor Presen
Slide 47: Appendix 1: Recently completed projects
Appendix 1: Recently completed projects PROVIDENT ADORA DE GOA (received OC for Phase 1 to 6) PROVIDENT CAPELLA Goa Bengaluru Investor Presentation Q2FY26 46
Slide 48: Appendix 1: Recently completed projects
Appendix 1: Recently completed projects PURVA ATMOSPHERE PROVIDENT PARKSQUARE Bengaluru Bengaluru Investor Presentation Q2FY26 47
Slide 49: Appendix 2: Ongoing projects
Appendix 2: Ongoing projects PURVA LAKEVISTA PURVA PARKHILL Chennai Bengaluru Investor Presentation Q2FY26 48
Slide 50: Appendix 2: Ongoing projects
Appendix 2: Ongoing projects PROVIDENT BOTANICO PURVA ZENIUM PHASE 2 Bengaluru Bengaluru Investor Presentation Q2FY26 49
Slide 51: Appendix 2: Ongoing projects
Appendix 2: Ongoing projects PURVA MERAKI PROVIDENT ECOPOLITAN Bengaluru Bengaluru Investor Presentation Q2FY26 50
Slide 52: Appendix 2: Ongoing projects
Appendix 2: Ongoing projects PURVA CLERMONT SILVERSANDS AND EMERALD BAY Mumbai Pune Investor Presentation Q2FY26 51
Slide 53: Appendix 3: Ongoing commercial projects
Appendix 3 : Ongoing commercial projects PURVA AEROCITY PURVA ZENTECH Bengaluru Bengaluru Investor Presentation Q2FY26 52
Slide 54: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company and its subsidiaries and joint ventures. The forward-looking statements appear in a number of places throughout this presentation and include statements regarding the
Slide 55: Thank You
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- https://www.puravankara.com/ Investor Relations Contact: Mr. Neeraj Gautam, CFO Email – neeraj.gautam@puravankara.com; Tel: +91-80-4343 99