Why did Puravankara shares skyrockets by 14% today?

Synopsis: A small cap realty company has acquired 53.5-Acre of land in Bengaluru with Rs 4,800 Cr GDV, and boosting the total GDV Rs 13900 Cr for the fiscal year.

A small cap company in the business of development and sale of real estate saw its stock surge by 14 percent, which was soon after the company  acquired 53.5 Acre of land in Bengaluru. The company has stated the Gross Development Value (GDV) of the land at Rs 4,800 Cr. With a market cap of Rs 6,481 Cr, Puravankara Ltd saw its stock hit an intraday high of Rs 274 which is 14 percent higher than the previous close of Rs 240.

What’s the News?

On Tuesday Puravankara Limited announced that the company has strengthened its Bengaluru growth strategy by acquiring a 53.5 acre land parcel in Anekal Taluk, Attibele Hobli, a fast-emerging residential corridor. The project offers a saleable development potential of around 6.4 million sq ft with an estimated gross development value exceeding Rs 4,800 crore. 

This acquisition aligns with the company’s disciplined expansion across high-demand micro-markets backed by improving infrastructure and connectivity. As of September 2025, in H1 FY26 the company had land acquisitions worth Rs 9,100 Cr (estimated GDV) , and now adding this new acquisition, Puravankara year-to-date potential GDV totals Rs 13,900 crore.

Business & Financial Overview

Founded in 1975 and headquartered in Bengaluru, Puravankara Limited is a leading Indian real estate developer engaged in the development and sale of residential and commercial properties. With five decades of experience, the company has established a strong pan-India presence and has completed 93 real estate projects spanning approximately 55 million square feet. Puravankara operates across nine major cities and states, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

In the latest quarter the company saw a YoY revenue growth of 30 percent, going from Rs 496 Cr in Q2FY25 to Rs 644 Cr in Q2FY26, while the QoQ went up by 23 percent from Rs 524 Cr in Q1FY25.

Talking about the Net Profits, the company made a loss of Rs 17 Cr in Q2FY25, and this number has increased to a loss of 43 Cr in Q2FY26. Even though the company has been making losses in the past few quarters, Puravankara has a 3 year Profit CAGR of 41 percent.

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