Stock Market
Puravankara’s Q3 bombshell! 22% collection jump sends stock flying 11%
Mumbai/IBNS: The share prices of Puravankara Ltd. surged 11% on Wednesday after the company posted strong gains in the third quarter of FY26, media reports said.
The company’s customer collections rose 22% year-on-year in the December quarter, reaching ₹1,140 crore, while registering a 9% sequential growth.
Puravankara Limited is a publicly listed Indian real estate development company headquartered in Bengaluru.
Founded in 1975 by Ravi Puravankara, the firm has built a reputation as one of India’s most established and trusted property developers.
Between April and December FY26, Puravankara added nearly ₹13,900 crore worth of new real estate projects, with strong pre-sales and customer collections reflecting robust demand across key markets.
Separately, Karnataka authorities have opened a probe into certain land sale transactions involving the company, including a deal with Infosys, to examine compliance with property record procedures
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