The stock closed at ₹213.50 on the BSE, a 2.24% decline after the company announced Q1 profit of ₹25 crore and a 62% YoY rise in revenue.
Puravankara also unveiled the launch of Provident Equinox Phase‑6 in Bengaluru, covering 4.68 acres and slated to develop roughly 1.05 million sq ft of residential space.
In Mumbai, the firm secured redevelopment rights for three residential societies in Bangur Nagar, Goregaon West, with an estimated gross development value of ₹2,600 crore.
"Redevelopment is an important pillar of our Mumbai growth strategy and allows us to participate in some of the city’s most established and sought‑after neighbourhoods," said Managing Director Ashish Puravankara.
While the company’s Q2 results are still pending, market participants are keen to see how the newly launched phase and Mumbai redevelopment projects will influence the next quarter’s cash flow and earnings trajectory.