Shares of Puravankara Limited declined over 2% on Monday, November 10, following the company’s announcement of a wider net loss in its second-quarter results for FY26. The stock was trading at Rs 250.50, down 2.13% from the previous close on BSE.
The real estate firm reported a consolidated net loss of Rs 41.79 crore for Q2 FY26, compared to a loss of Rs 16.78 crore in the same period last year. Revenue from operations rose 29.9% year-on-year to Rs 644.4 crore from Rs 496 crore in Q2 FY25.
EBITDA declined 7.3% year-on-year to Rs 104.47 crore from Rs 112.67 crore, while margins contracted to 16.2% from 22.7% a year earlier. Sales during the quarter stood at Rs 1,322 crore, up 4% YoY, with 1.5 million square feet sold at an average realisation of Rs 8,814 per square foot. Customer collections rose 8% to Rs 1,047 crore.
For the first half of FY26, Puravankara sold 2.75 million square feet valued at Rs 2,445 crore and reported total revenue of Rs 1,201 crore, with a net loss of Rs 111 crore. As of September 30, 2025, the company’s estimated surplus from completed and ongoing projects stood at Rs 7,679 crore, while net debt was Rs 2,894 crore.
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