India · Delayed Price · Currency is INR Puravankara Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw strong pre-sales, collections, and profitability, with total income up 63% year-over-year and EBITDA margin expanding to 25%. Guidance for INR 11,200 crores pre-sales and INR 700 crores debt reduction is reaffirmed, supported by robust demand and a healthy launch pipeline.
Fiscal Year 2026
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Record pre-sales and collections drove strong revenue and profit growth, with robust launches and project deliveries in FY26. Guidance for FY27 targets INR 11,200 crore pre-sales and significant debt reduction, supported by a healthy project pipeline and expansion into new segments.
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Q3 and nine months FY 2026 saw robust revenue and profit growth, record collections, and strong pre-sales, driven by premium launches and strategic land acquisitions. Debt management improved, with a healthy launch pipeline and positive sector outlook supporting future growth.
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Q2 FY 2026 saw 4% YoY pre-sales growth and robust collections, with revenue up but a reported loss due to revenue recognition timing and investments. Launch pipeline remains strong across metros, debt is stable, and commercial assets are progressing well.
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Pre-sales grew 6% YoY to INR 1,124 crores, with strong launches in Mumbai and robust demand across regions. Revenue was INR 539 crores, but a net loss was reported due to timing of revenue recognition and expenses. Launch pipeline remains strong, with significant commercial and redevelopment activity.
Fiscal Year 2025
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Sales for FY 2024/2025 reached INR 5,006 crores with strong growth in Mumbai and Pune, despite approval delays impacting launches and revenue recognition. Net debt stands at INR 2,949 crores, with a robust launch pipeline and margin improvement expected as key projects complete.
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Q3 FY25 saw strong sales and collections growth, with average realization up 60% YoY and a robust launch pipeline, though the quarter posted a net loss due to accounting standards. Debt remains manageable with ample liquidity, and commercial projects are set to deliver rental income by early 2026.
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Q2 FY 2025 saw strong revenue growth and improved collections, but sales were impacted by fewer new launches due to administrative delays. Strategic expansion in Mumbai and Pune, robust launch pipeline, and focus on major markets position the company for future growth.
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Q1 FY 2025 delivered strong revenue and EBITDA growth, with robust sales and collections driven by high demand and strategic expansion, especially in West India. The launch pipeline is set at 17.25 million sq ft, and management expects continued momentum with a focus on maintaining healthy debt metrics.