5328912025-10-012025-12-315328912025-04-012025-12-315328912025-10-012025-12-31in-capmkt:OtherExpenses1Member5328912025-10-012025-12-31in-capmkt:OtherExpenses2Member5328912025-10-012025-12-31in-capmkt:OtherExpenses3Member5328912025-10-012025-12-31in-capmkt:OtherExpenses4Member5328912025-10-012025-12-31in-capmkt:OtherExpenses5Member5328912025-10-012025-12-31in-capmkt:OtherExpenses6Member5328912025-10-012025-12-31in-capmkt:OtherExpenses7Member5328912025-10-012025-12-31in-capmkt:OtherExpenses8Member5328912025-10-012025-12-31in-capmkt:OtherExpenses9Member5328912025-10-012025-12-31in-capmkt:OtherExpenses10Member5328912025-04-012025-12-31in-capmkt:OtherExpenses1Member5328912025-04-012025-12-31in-capmkt:OtherExpenses2Member5328912025-04-012025-12-31in-capmkt:OtherExpenses3Member5328912025-04-012025-12-31in-capmkt:OtherExpenses4Member5328912025-04-012025-12-31in-capmkt:OtherExpenses5Member5328912025-04-012025-12-31in-capmkt:OtherExpenses6Member5328912025-04-012025-12-31in-capmkt:OtherExpenses7Member5328912025-04-012025-12-31in-capmkt:OtherExpenses8Member5328912025-04-012025-12-31in-capmkt:OtherExpenses9Member5328912025-04-012025-12-31in-capmkt:OtherExpenses10Memberiso4217:INRiso4217:INRxbrli:shares532891PURVANOTLISTEDINE323I01011Puravankara LimitedMain BoardEquity2025-04-012026-03-312026-02-122026-02-06INRCroresQuarterlyThird quarterSingle segmentConstruction and Development2026-02-1214:30:002026-02-1218:15:00Not applicable2025-10-012025-12-31UnauditedConsolidated10693100000347500000110406000008095000000-4740500000747900000164750000010550000011683600000102535000007871000000787100000382000001648000002030000000584100000000-7000005834000001400000584800000599400000-16000000600800000-16000000118580000052.532.52002.532.52The above consolidated financial results of Puravankara Limited('the Company' or 'the Holding Company')have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors of theCompanyheldon12.02.2026.The statutory auditors of the Company have carried out a limited review report on the above consolidated financial results of the company for the quarter and nine months ended 31.12.2025. During the nine months ended31.12.2025, the following wholly-owned subsidiaries of the Company have issued debentures of Rs.100,000 each, aggregating to Rs.577 crore by way of private placement, which are listed on BSE Limited ('BSE') : (i) Purva Oak Private Limited, has issued 21,000 listed, rated, redeemable, transferable, non-convertible debentures aggregating to Rs. 210 crore. (ii) Varishtha Property Developers Private Limited has issued 700 listed, unsecured, rated, redeemable, zero coupon, non-convertible debentures aggregating to Rs. 7 crore. (iii) Grand Hills Developments Private Limited has issued 36,000 listed, rated, redeemable, non-convertible debentures aggregating to Rs. 360 crore. The Group’s business activity falls with in a single reportable segment, i.e.,real estate development and related activity. Hence, therearenoadditionaldisclosurestobeprovidedunderInd-AS108–Operating Segments with respect to the single reportable segment. Further, the Group is domiciled in India and does not have significant foreign operations. Certain entities in the Group are subject to ongoing legal proceedings in respect of the following matters as summarised below: (i) Deposits and advances of Rs.61.80 crore (March 31,2025 : Rs.61.80 crore) towards joint development arrangements and land acquisitions which are subject to legal proceedings related to obtaining clear and marketable tittle for underlying properties. (ii) Claims from minority shareholders of a subsidiary of Rs.35.00 crore (March 31, 2025: Rs. 35.00 crore) towards adherence to project development terms. (iii) Inventories related to launched project of Rs.82.70 crore (March 31, 2025: Rs. 78.30 crore) under land acquisition proceedings by government authorities. (iv) Receivables from customers of Rs. 58.20 crore (March 31, 2025 :Rs.59.60 crore) and other balances of Rs.18.60 crore (March 31,2025 : Rs.75.70 crore) recoverable from joint development partners and other parties which are subject to litigations. Pending resolution of the aforesaid legal proceedings, no provision has been made towards aforesaid claims and the deposits, advances, inventory, receivables and other balances referred above are classified as good and recoverable in the accompanying consolidated financial results based on the legal evaluation by the management of the ultimate outcome of the legal proceedings. A search under section132 of the Income Tax Act(‘the Act’) was conducted in October 2023 in case of the Company, certain group companies and its promoters. Pursuant to the proceedings of the Income tax authorities (‘the authorities’), requisite information was provided by the Group to the authorities. The Company and such group companies have received assessment orders /show cause notices from the authoritiesd is allowing certain expenses on the grounds that the same are not incurred for the purpose of business and other adjustments with potential tax impact of Rs. 61.81crore from AY 2016-17 to AY 2024-25 (March 31, 2025 : Rs.19.03 crore from AY 2019-20 to AY 2023-24). The Group is of the view that these expenses were incurred in the ordinary course of business towards its ongoing realestate development projects. The Group has filed appeal/ responses against such assessment orders/show cause notices and is reasonably confident of providing necessary supporting evidences to the authorities in support of allowance of such expenses. Further, during the quarter ended September 30,2025, the Company had received notice from the authorities under Prohibition of Benami Property Transactions Act,1988 requiring the Company to submit response as to why Benami proceedings should not be initiated against the Company and why the Company should not be held as the Beneficial owner for the 43.5 acres of land parcels with carrying value of Rs. 13.20 crore. The Company had filed writ petition with the High Court of Karnataka and the said Court had ordered to stall further proceedings till the matter is heard. Pending resolution of the aforesaid legal proceedings, no provision has been made towards the consequential impact arising from such assessment orders/show cause notices in the accompanying consolidated financial results, based on the legal evaluation by the management of the ultimate outcome of the legal proceedings Figures for unaudited standalone financial results of the Company for the quarter and nine months ended 31.12.2025 are as follows: (Rs. in crore) Particulars Quarter ended 31.12.2025 [Unaudited] Preceding Quarter ended 30.09.2025 [Unaudited] Corresponding Quarter ended 31.12.2024 [Unaudited] Year to date figures for the current period ended 31.12.2025 [Unaudited] Year to date figures for the previous period ended 31.12.2024 [Unaudited] Previous Year ended 31.03.2025 [Audited] Revenue from operations 723.32 334.40 189.06 1,183.88 762.29 917.50 Profit/(loss) before tax 86.32 (47.78) (64.68) (51.86) (116.85) (212.42) Profit/(loss) after tax 63.79 (36.21) (82.49) (40.57) (122.86) (198.75) During the quarter ended June 30, 2025, consequent to the investment into the capital of KVN Property Holdings LLP by Purva Blue Home Ventures Private Limited (a wholly owned subsidiary),KVN Property Holdings LLP has become a subsidiary of the Group. During the year ended March 31,2025, the Company had acquired an additional stake of 36.26% in an existing joint venture entity-Pune Projects LLP ('PPL') from another partner for a consideration of Rs.35.00 crore. Pursuant to the said acquisition, the Company holds 68.26% share and control thereon in PPL, thereby PPL had become a subsidiary of the Company from December 31, 2024 and the Company had remeasured its previously held equity interest in PPL at its acquisition-date fair value and recognised the resulting gain of Rs.34.08 crore and the same had been disclosed under Exceptional items. Further, the partners of PPL had agreed to revise their profit sharing ratio, which had resulted in recognition of additional share of loss of Rs.33.33 crore by the Company and the same had been disclosed under Exceptional items. The Government of India has implemented four new Labour Codes("Labour Codes"), including the Code on Wages, 2019, with effect from November 21, 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has carriedout actuarial valuation as on December 31, 2025 considering the provisions of the Labour Codes and recorded additional obligation of Rs. 2.20 crore, which has been recorded as Employee benefits expense in the financial results for the quarter and nine months ended December 31, 2025. The Group continues to monitor the finalization of the rules and clarifications from the Government on the Labour Codes and would provide appropriate accounting effect, if any, as and when such clarifications are issued / rules are notified.2025-04-012025-12-31UnauditedConsolidated223791000006752000002305430000024104000000-10261300000234910000049423000003122000002398090000023733600000-6793000000-679300000175800000-324700000-1489000000-530400000000-1600000-5320000002600000-529400000-495300000-36700000-492700000-3670000011858000005-2.08-2.0800-2.08-2.08Sub contractor cost5149300000Land purchase cost5156800000Repair and maintenance161500000Legal and professional367300000Rates and taxes269400000Advertising and promotion189100000Brokerage cost218700000Security43700000Travel and conveyance30500000Other Expenses97300000Sub contractor cost14370500000Land purchase cost5834600000Repair and maintenance494200000Legal and professional965100000Rates and taxes561000000Advertising and promotion652500000Brokerage cost503000000Security122800000Travel and conveyance85100000Other Expenses392100000-1900000-330000050000070000014000002600000