Puravankara Ltd. Q2 FY26 Operational Update & Growth Outlook

Puravankara Ltd. (NSE: PURVA) has reported a robust operational performance for the second quarter of fiscal year 2026, demonstrating sustained growth momentum and strategic expansion. This positive update was well-received by the market, with the company's shares gaining over 1% on October 10. Key Performance Highlights (Q2 & H1 FY26): Pre-Sales Growth: The company recorded pre-sales of ₹1,322 crore in Q2 FY26, marking a 4% year-over-year (YoY) increase. For the first half of the fiscal year (H1 FY26), pre-sales grew by 4% YoY to ₹2,445 crore. Customer Collections: Financial discipline is evident with customer collections rising 8% YoY to ₹1,047 crore for the quarter. Improved Realisations: Average selling price saw a healthy 7% YoY increase to ₹8,814 per square foot in Q2, reflecting strong brand equity and demand for its products. Sales Volume: The company sold 1.50 million square feet (msft) during Q2, contributing to a total of 2.75 msft for H1 FY26. Strategic Expansion & Project Pipeline: Puravankara has significantly strengthened its future revenue visibility by securing high-value projects: Bengaluru: Added two key projects with a combined estimated value of over ₹4,300 crore. Mumbai: Entered the lucrative Mumbai redevelopment market with two major projects in Chembur and Malabar Hill, with a combined development potential estimated at ₹4,800 crore. Outlook: The company's performance is bolstered by favorable macroeconomic tailwinds, including a 7.8% GDP growth in Q1 FY26 and significant real estate price appreciation across major cities. Puravankara's strong Q2 results and a fortified project pipeline position it effectively to capitalize on the sustained demand within the Indian real estate sector.