Pranav Constructions Limited · NSE:PRANAV
Pranav Constructions — Q2 FY2027 Earnings Presentation
38 slides from Pranav Constructions's earnings presentation, Oct 31, 2026
Slide 1: Exchange intimation letter for investor presentation
PRANAV CONSTRUCTIONS LIMITED PCPL Date: 31/10/2026 To, The Manager The Compliance Manager Listing and Compliance Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza Plot No. C/1 Block G, Bandra- | Phiroze Jeejeebhoy Towers Kurla Complex, Bandra (East), M
Slide 2: Investor Presentation Q2/H1-FY27
Pranav Constructions Ltd. Investor Presentation Q2/H1- FY27
Slide 3: Snapshot
Snapshot 14 years + 29 1,430 of Redevelopment Redevelopment Projects Units delivered Excellence Completed 1.47 Mn Sq.ft. 2.20 Mn Sq.ft. INR 43,646 Mn Area Delivered Under Development Total GDV 0.26x 56.64% 16.57% Debt to Equity 2 years pre-sales CAGR 2 years collections CAGR 2
Slide 4: Company Overview
Company Overview 3
Slide 5: Company Overview
Company Overview About Pranav Constructions Ltd Highlights* 1 Specializes in #1 Pure play Redevelopment with Highest combined supply in MCGM Redevelopment projects launched ➢ a proven track record of timely completion, between CY21- Q1 CY26 ➢ strong execution capabilities; and ➢ a trusted and reliab
Slide 6: Our Journey
Our Journey • First redevelopment project launched- ‘Plot • Launched 3 redevelopment • First mid-size redevelopment 229’ with 30 units in the projects in Malad Micro Market of project launched, with 114 • Entered the Santacruz Micro Goregaon Micro Market of with 112 units units in Borivali Micro Mar
Slide 7: Promoters and Board of Directors
Experienced Promoters and Professional Senior Management (1/2) Pranav Kiran Ashar Ravi Ramalingam Promoter, Chairman and Managing Director Promoter & Whole-time Director Education: B Arch, University of Mumbai Education: B Com, CA Promoters and Board of Directors Experience: 22 years of experience i
Slide 8: Key Managerial Personnel
Experienced Promoters and Professional Senior Management (2/2) Board of Directors Harish Gopinath Kale Nina Pradip Kapasi Independent Director Independent Director Education: CA Education: CA Experience: 18 years in the field of financial consultancy in the Experience: 44 years of experience in the
Slide 9: Established a Customer-Centric Brand in the Western Suburbs
Established a Customer-Centric Brand in the Western Suburbs …has led PCPL to penetrate in the micro markets of Mumbai Western Suburbs and secure new Redevelopment Projects BORIVALI (E) MALAD (E) Pravesh CHSL Kesar Niketan CHSL The Malad Rajhans CHSL Malad Marudhar CHSL Rushabh Mahal CHSL MALAD (W) R
Slide 10: Completed Redevelopment Projects
Completed Redevelopment Projects As on September 30, 2026 No. of Total Developable Malad Marudhar CHSL Rushabh Mahal CHSL Micro market Redevelopment Total Units Area (sq. ft.) projects Malad (E) Malad (E) Time Completion – 31 Months Time Completion – 24 Months Malad 14 7,61,203 751 Borivali 8 5,13,1
Slide 11: Ongoing & Upcoming Redevelopment Project Overview
Ongoing & Upcoming Redevelopment Project Overview 10 10
Slide 12: Under-construction Redevelopment Projects as on September 30, 2026
Under-construction Redevelopment Projects as on September 30, 2026 Sale Value of Revenue No. of Total Developable Sale Carpet GDV Location Saleable Units Booked Area Recognised projects Area (sq. ft.) Area (sq. ft.) (INR Mn) (INR Mn) (INR Mn) Andheri 2 1,48,844 41,714 53 1,479 1,408 930 Bandra 2 1,4
Slide 13: Upcoming Redevelopment Projects
Upcoming Redevelopment Projects Planned Launches: Balance FY27 (October 2026 – Mar 2027) No. of Total Developable Sale Carpet GDV Micro market projects Area (sq. ft.) Area (sq. ft.) (INR Mn) Andheri 1 62,844 23,577 778 Chembur 1 47,067 15,817 554 Goregaon 1 57,204 25,811 723 Santacruz 1 76,853 15,79
Slide 14: Cash Flow Potential From Collection
Cash Flow Potential From Collection How the potential builds up (INR Mn) Identified cash flow potential 22,600 36,850 INR 36,850 Mn Launched, completed and upcoming Sold Unsold Upcoming 14,250 4,131 INR 14,250 Mn 10,119 Potential Cash flow embedded in launched & completed redevelopment projects Expe
Slide 15: Update On IPO Proceeds
Update On IPO Proceeds Object of the fund raising Amount (INR Mn) Gross proceeds from the Fresh Issue 3,156.00 (-) Offer related expenses in relation to the Fresh Issue (358.08) Net Proceeds 2,797.92 Debt reduction trend (INR Mn) Object of the fund raising Allocated Utilised Balance (INR Mn) Amount
Slide 16: Competitive Strengths
Competitive Strengths 15 15
Slide 17: Business Strategies
Business Strategies Focus on Focus on redevelopment environmental • 41 active bids for friendly solutions Redevelopment Projects Focus on staying Enhance and leverage in various CHSL across asset-light • Recognized by THRECO the ‘PCPL’ brand for initiative for recycling MCGM as of September 30, • As
Slide 18: In-House Functional Expertise
In-House Functional Expertise Business model that integrates in-house expertise Effective management of the sales pipeline Expertise areas of carpet area sold within the first Business Development Architecture and design > 60% year, in each of the last three financial years • Business development &
Slide 19: Capital Efficient Business Model with High Barriers to Entry
Capital Efficient Business Model with High Barriers to Entry Core aspect of our business Ratio of initial capital investment to sales value (Under- construction Redevelopment Projects) Redevelopment agreements with Co- 1 Focus on Capital operative Housing Societies Efficiency ~10-15% Average initial
Slide 20: Leading Real Estate Redevelopment in Mumbai's Western Suburbs
Leading Real Estate Redevelopment in Mumbai’s Western Suburbs 29 Completed, 21 Under construction & 18 Upcoming PCPL – Share in MCGM Redevelopment - U/C and Completed (CY21- Q1 CY26) #1 in Malad, Goregaon, Borivali, #1 in Malad Region Santacruz, Andheri, Mahim and Bandra 1,582 , 5% 855 , 3% 804 , 11
Slide 21: Demonstrated Project Execution Capabilities
Demonstrated Project Execution Capabilities… Average project construction cycle was 26 months as of September 30, 2026 Sr. Sr. Project Completion time (months)* Project Completion time (months)* No. No. 1 Plot 229 16 15 Malad Amber CHSL 42 2 Prachiti CHSL 16 16 Silverene CHSL 22 17 Plot 212 20 3 Ash
Slide 22: Industry Overview
Industry Overview 21
Slide 23: Industry Overview- Indian Real Estate Residential Market
Industry Overview- Indian Real Estate Residential Market MMR’s share compared to other major cities (based on New Units Units sold – Q2 FY27 vs. previous quarter and last year Launched, as a %) Rest of India MMR 24,706 24,170 25,449 25% 21% 25% 28% 28% 24% 25% 23% 24% 25% 30% 31% 39% 46% 44% 14,538
Slide 24: MMR – Redevelopment Overview: Mumbai Market Context
MMR – Redevelopment Overview: Mumbai Market Context Redevelopment is a growing share of the Mumbai housing market (%) Weighted-average price by MMR sub-market – Q2 FY27 (INR/sq ft) 37,064 15% 13% 6% 15,005 13,847 Share of housing Share of housing Share of overall sales sales supply Mumbai Thane Navi
Slide 25: Financial Overview
Financial Overview 24 24
Slide 26: Q2/H1-FY27 Operational Highlights
Q2/H1-FY27 Operational Highlights • Achieved pre-sales of INR 1,090 million in Q2-FY27, compared with INR 863 million in Q2-FY26, registering 26% year-on-year growth. H1-FY27 pre-sales stood at INR 1,987 million, compared with INR 1,959 million in H1- FY26. • Area sold stood at 0.35 lakh sq. ft. in
Slide 27: Q2/H1-FY27 Financial Highlights
Q2/H1-FY27 Financial Highlights Operating Revenue (INR MN) EBITDA (INR Mn) & EBITDA Margins (%) PAT (INR Mn) & PAT Margins (%) 2,000.00 1,745 350.00 306 180.00 165 1,800.00 1,627 1,645 300.00 293 160.00 144 1,600.00 225 140.00 108 250.00 1,400.00 120.00 1,200.00 9.46% 200.00 100.00 17.81% 8.75% 17.5
Slide 28: Q2-FY27 Key Performance Indicators
Q2-FY27 Key Performance Indicators Pre Sales (INR MN) Collections (INR Mn) Area Sold (Lakh Sq.ft) 1,200.00 1,090 1,000.00 938 0.40 0.35 0.31 900.00 897 0.35 863 1,000.00 661 800.00 654 0.30 0.23 700.00 800.00 0.25 600.00 600.00 0.20 500.00 400.00 0.15 400.00 300.00 0.10 200.00 200.00 0.05 100.00 - -
Slide 29: H1-FY27 Key Performance Indicators
H1-FY27 Key Performance Indicators Pre Sales (INR MN) Collections (INR Mn) Area Sold (Lakh Sq.ft) 1,592 0.60 2,500.00 1,800.00 0.70 1,959 1,987 0.58 2,000.00 1,600.00 1,404 0.60 1,400.00 0.50 1,200.00 1,500.00 0.40 1,000.00 800.00 0.30 1,000.00 600.00 0.20 400.00 500.00 0.10 200.00 - - - H1-FY26 H1-
Slide 30: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q2-FY27 Q2-FY26 Y-o-Y Q1-FY27 Q-o-Q Revenue from Operations 1,745 1,627 7.3% 1,645 6.1% Operating expenses 1,439 1,402 2.6% 1,352 6.4% EBITDA 306 225 36.0% 293 4.4% EBITDA Margin (%) 17.54% 13.83% 371 Bps 17.81% (27) Bps Finance costs 86 7
Slide 31: Half Yearly Consolidated Income Statement
Half Yearly Consolidated Income Statement Particulars (INR Mn) H1-FY27 H1-FY26 Y-o-Y Revenue from Operations 3,390 3,048 11.2% Operating expenses 2,791 2,614 6.8% EBITDA 599 434 38.0% EBITDA Margin (%) 17.67% 14.24% 343 Bps Finance costs 188 156 20.5% Depreciation and amortization expense 20 19 5.3%
Slide 32: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY24 FY25 FY26 H1-FY27 Revenue from Operations 4,475 6,363 7,616 3,390 Operating expenses 3,900 5,397 6,331 2,791 EBITDA 575 966 1,285 599 EBITDA Margin (%) 12.85% 15.18% 16.87% 17.67% Finance costs 180 233 327 188 Depreciation and amorti
Slide 33: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY25 FY26 H1-FY27 Particulars (INR Mn) FY25 FY26 H1-FY27 ASSETS EQUITY AND LIABILITIES Equity Non-current assets Equity share capital 872 872 1,126 Property, Plant and Equipment 44 51 47 Other equity 884 1,595 4,516 Right-of-use assets 46 68
Slide 34: Historical Consolidated Cash Flow Statement
Historical Consolidated Cash Flow Statement Particulars (INR Mn) FY25 FY26 H1-FY27 Particulars (INR Mn) FY25 FY26 H1-FY27 Cash flows from operating activities Cash flows from investing activities Profit before tax 721 939 400 Payments for acquisition of PPE and Other (40) (29) (4) Adjustment for: -
Slide 35: Historical Operational Highlights
Historical Operational Highlights Pre Sales (INR MN) Collections (INR Mn) Area Sold (Lakh Sq.ft) 1.88 1.77 3,500.00 2.00 6,301 2,929 2,954 7,000.00 5,788 1.80 3,000.00 6,000.00 1.60 5,000.00 2,500.00 2,174 1.40 1.20 1,592 2,000.00 0.87 4,000.00 1.00 3,000.00 2,568 1,500.00 0.58 0.80 1,987 0.60 1,000
Slide 36: Historical Financial Highlights
Historical Financial Highlights Revenue from Operations (INR Mn) EBITDA (INR Mn) & EBITDA margins (%) PAT (INR Mn) & PAT Margins (%) 8,000.00 7,616 1,400.00 1,285 800.00 713 7,000.00 6,363 1,200.00 700.00 623 6,000.00 1,000.00 966 600.00 4,475 396 500.00 5,000.00 800.00 4,000.00 3,390 575 599 400.00
Slide 37: Disclaimer
Disclaimer Pranav Constructions Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e
Slide 38: Thank You
CT TTF Thank You
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