Puravankara Reports Impressive Net Profit of Rs 676 Crore for Q1

Introduction

The official announcement of Puravankara Limited has been released. It announced its first-quarter financial results. As per Puravankara report Q1 FY25 (2024-25) Rs. 1,128 crores net profit was achieved. Purva is one of the most admired and trusted real estate in India. This company was established in 1975. It is constructing many international-quality projects. Planned launches postponed to Q2 FY25.

Table of Contents

• Puravankara Announced Net Profit for Q1FY25
• The Rise of Puravankara Limited
• Investor Confidence for Puravankara

Puravankara, is one of India’s leading real estate developers. It has recently reported a remarkable net profit of Rs 676 crores for the first quarter of the financial year. This industry garnered attention from investors and stakeholders alike. Purva deployed Rs 762 crores for land acquisition in Bangalore and Goa.

Puravankara Announced Net Profit for Q1FY25

Puravankara announced net profit for the first quarter of the financial year 2024-25 (Q1FY25) ended July 30, 2024. In Q1, Puravankara announced a net profit of Rs.676 crores. The company’s quarterly sales were Planned launches postponed to Q2 FY25. It has getting a net profit in the last few years.

The company achieved a 39% year-on-year (YoY) increase in quarterly customer collections from its real estate business in Q1 FY25 compared to Rs 696 crore in Q1 FY24. Average price realization increased by 6% YoY to Rs. 8,746 square feet. Revenue from projects increased by +101% YoY to Rs. 676 crores. It posted a profit of Rs 15 crore in Q1 FY25, compared to a loss of Rs 17 crores in Q1 FY24.

• Sales value stood at Rs 1,128 crores
• Average price realisation stood at Rs 8,746/sft
• 1.16 msft delivered in Q1FY25 compared to 0.49 ms ft in Q1FY24
• Consolidated Q1FY25 Financial Performance
• Income from projects Rs. 676 crores (+101% Y-o-Y)
• EBITDA Rs. 148 crores (96 % Y-o-Y).
• In Q1FY24 Rs. 17 crores as compared to a loss of Rs. 15 crores profit

The Rise of Puravankara Limited

Puravankara is a name synonymous with quality, innovation, and excellence in the real estate sector. With a strong foothold in major cities across India. The company has a track record of delivering premium residential. Commercial projects that redefine the standards of luxury living. Day by day it is gaining several profits. Their commitment to customer satisfaction and attention to detail sets them apart from their competitors.

Puravankara continues to set new benchmarks in the industry. with its cutting-edge designs and sustainable practices. Their dedication to creating sustainable. Environmentally eco-friendly projects have earned them a reputation as a socially responsible developer. With a diverse portfolio of properties catering to different market segments. Puravankara remains a trusted name in the real estate industry.

Investor Confidence for Puravankara

Puravankara’s excellent financial performance instilled confidence in investors and shareholders. Reaffirming their belief in the company’s management and growth prospects. The strong net profit figure is a testament to the company’s sound business strategies. Strong execution capabilities and commitment to deliver value to its shareholders. Previous Income of Rs. 676 crores, it delivered a high of 929 units. That’s a 108% growth compared to last year’s delivery.

Conclusion

Puravankara for Q1FY25 Rs. 676 crores in net profit, demonstrating strong financial performance and stability amid challenging market conditions. The company’s strategic focus is on management efficiency. The customer-centric approach has contributed to its success in the real estate sector.

Puravankara’s diverse portfolio of residential and commercial projects in key markets in India. It has helped mitigate risks and ensure sustainable growth. This positive momentum is expected to continue in the coming quarters, positioning the company as an industry leader. For more information, visit openplot.