Shares of Puravankara Limited opened on a bright note, with shares gaining 2% on 11 December after the subsidiary of the company, Starworth Infrastructure & Building Ltd (SICL), had won a Letter of Acceptance (LoA) for a Rs 509.5 crore building project in Bengaluru.

The LoA, given by One Bangalore Luxury Projects LLP, includes turnkey civil works, finishes, MEP, and external development for the Varnam Phase 1 segment of the One Bangalore Luxury Project in Devanahalli, Bengaluru Rural District. The deal will be executed over 36 months.

The order expands Puravankara’s project pipeline strengthening the company’s financial outlook for few quarters.

The realty developer posted a net loss of Rs 41.79 crore in Q2 FY26, up from Rs 16.78 crore the previous year.  Revenue increased by 29.9% year on year to Rs 644.4 crore; however, EBITDA decreased by 7.3% to Rs 104.47 crore.  The EBITDA margin decreased to 16.2% from 22.7% in the same quarter last year.

Puravankara’s Q2 FY26 sales were Rs 1,322 crore, up 4% year on year, with 1.5 million sq ft of volume and a 7% increase in average realisation to Rs 8,814 per sq ft. In H1 FY26, sales totalled Rs 2,445 crore across 2.75 million square feet.

However, at 12:05 pm, the shares of Puravankara shed all their early gains and were trading 0.86% lower at Rs 23.20 on NSE.

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