Reality stock jumps after receiving ₹510 Cr order from One Bangalore Luxury Projects

Synopsis: The shares of the company opened to mark day’s high with the construction order receipt from M/s. One Bangalore Luxury Projects LLP.

The shares of the company engaged in development and sale of real estate, with projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa in focus after bagging an order for construction in Bengaluru rural district.

With the market capitalization of Rs. 5,765.11 crore, Puravankara Ltd’s share on Thursday made a day high of Rs. 253.25 per share, up by 3.24 percent from its previous day’s close price of Rs. 245.30 per share. The share has given a return of 73.28 percent return over a period of five years.

Significant Order

Puravankara Ltd received a domestic order worth Rs. 509.52 Crores from One Bangalore Luxury Projects LLP to be completed in a period of 36 months with pre-agreed rates for each unit.

It involves the Construction of Turnkey Civil, Finishes, MEP, External Development for Varnam Phase1 at One Bangalore Luxury Project (OBLP) situated at Akalehahalli -Mallenhalli Village, Kasaba Hobli, Devanahalli Taluk, Bengaluru Rural District, Karnataka.

This will boost their revenue of Rs. 1,168.6 crore as of H1 FY26 with regional breakup of 53 percent from Bengaluru, 25 percent from Mumbai and Pune, 13 percent from Chennai, 6 percent from Kochi and rest from other regions.

About the Company

Puravankara Ltd’s Operations was started in 1975 & Company incorporated on June 3, 1986, involved in the business of development and sale of real estate luxury across residences, commercial, premium affordable housing and plotted development. 

The company’s collections have more than doubled over the last three years, rising from Rs. 503 Crore in Q2 FY23 to Rs. 1,047 Crore in Q2 FY26. The South region contributed 83 percent of collections, while the West contributed 17 percent in Q2 FY26. The rise in contribution from the West indicates a growing market presence in the region.

Financial Highlights, the revenue from operations grew by 30 percent to Rs. 644 crore in Q2 FY26 from Rs. 496 crore in Q2 FY25. EBIT declined by 7 percent to Rs. 104 crore in Q2 FY26 from Rs. 112 crore in Q2 FY25, Accompanied by  loss of Rs. 43 crore in Q2 FY26.

Written by Gourav Pratap Singh

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