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Earnings Call Transcript

Puravankara Earnings Call Transcript: Key Takeaways

Puravankara turned profitable in Q1FY27, driven by strong collections and strategic land acquisitions in Bengaluru. Management remains optimistic, focusing on aggressive project launches to sustain pre-sales momentum.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthTotal income jumped 63% YoY to INR 877 crore.
MarginsEBITDA margin expanded significantly to 25% from 15% YoY.
Order bookStrong launch pipeline of 27.3 million square feet planned.
Demand visibilityStrong demand in Bengaluru and Mumbai, especially in ultra-luxury segments.
Management confidenceBalanced; emphasizing operational rhythm while acknowledging regulatory approval timelines.

Growth

Pre-sales grew 28% YoY to INR 1,439 crore; collections rose 40% to INR 1,199 crore.

Outlook

Maintained FY27 pre-sales guidance of INR 11,200 crore with planned debt reduction of INR 700 crore.

Risks

High debt-to-equity ratio at 1.57x and approval delays in Karnataka pose execution risks.

Last quarter's promises, checked

Delivered

  • Guided 20-21% GP margin for Northern Lights → delivered 25% EBITDA margin (= BEAT)
  • Guided strong launch momentum → delivered 27.3 msf pipeline (= BEAT)

Partly delivered

  • Guided INR 11,200cr FY27 pre-sales → delivered INR 1,439cr in Q1 (= PARTIAL)

Missed

  • Guided INR 750cr debt reduction for FY27 → D/E ratio rose to 1.57x (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: PURVA. Summary written with AI assistance from the document.

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Puravankara Ltd: key numbers

Share price
₹213.87
Market cap
₹5,072 Cr
Revenue (annual)
₹3,740 Cr
Net profit (annual)
₹63.71 Cr
P/E (TTM)
31.6×Sector 35.8×
Promoter holding
75.00%+0.00% QoQ
FII holding
16.62%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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