Puravankara Q2 Update: Shares gain on pre-sales, collections, and average selling price growth

Shares of Puravankara Ltd. gained over 1% on Friday, October 10, after it reported 4% year-on-year growth in pre-sales for the second quarter of the current financial year. Total pre-sale value touched ₹1,322 crore in Q2FY26, up from ₹1,270 crore in the same quarter last year.

The overall presale for the first half of FY26 touched ₹2,445 crore, up by 4% year-on-year from ₹2,349 crore in H1 FY25.

Sales volume for the quarter touched 1.50 million sq. ft. (msft) and 2.75 msft in the first half of FY26.

Average realisation or the average selling price per square foot improved to ₹8,814/sft in the quarter ended September 30, marking 7% year-on-year growth. For first half of FY26, it increased by 8% to ₹8,891/sft.

The developer's customer collections for the quarter rose 8% to ₹1,047 crore while collections for H1 FY26 saw a slight increase (1%) year-on-year to ₹1,904 crore. 

The company said it is well-placed to benefit from real estate tailwinds including 5% to 17% rise in real estate prices across major metros cities, led by NCR, Bengaluru, and Chennai.  

"Over the past quarter, India’s macro picture has shown renewed strength. Q1 FY26 real GDP climbed ~7.8% Y-o-Y, riding momentum across services, construction, and consumption. Meanwhile, the RBI has raised its FY26 growth projection to 6.8%, a notch above earlier forecasts, reflecting confidence that domestic demand and rural recovery will offset global headwinds," the company said in a statement.

Key business developments so far in the financial year include partnering with KVN Property Holdings LLP for a 24.6-acre land parcel in North Bengaluru's KIADB Hardware Park. This includes 3.48 msft of developable area expected to be worth over ₹3,300 crore.

The company has also entered into a joint development project in Balegere, East Bengaluru for a 5.5-acre land parcel which is expected to be valued over ₹1,000 crore.

In Chembur, Mumbai, Puravankara was selected as the preferred developer for the redevelopment of eight residential societies, unlocking over 1.2 msft of development potential across roughly four acres. This is estimated to be valued at ₹2,100 crore.

In Malabar Hill, Mumbai, Puravankara secured a prestigious redevelopment project likely worth ₹2,700 crore.

Shares of the company are trading at ₹250.80 on the NSE which is 1.35% higher than its opening price. 

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