Puravankara Limited — Updates, 14-02-2025: Press Release

Puravankara Limited reported total revenue of ₹1,529 crores for the nine months of FY25, reflecting a 16% year-on-year increase. Customer collections surged by 19% to ₹2,991 crores, highlighting improved operational efficiency. Despite a loss of ₹99 crores under Ind AS 115 due to lower revenue recognition and higher costs associated with a robust expansion into the western region, the company's profit before tax remains positive under the Percentage of Completion (PoC) method. The firm acquired four prime projects in key locations, adding a potential GDV of over ₹9,000 crores. Looking ahead, the operational outlook remains positive, buoyed by strong leasing activity and supportive fiscal policies, paving the way for future growth and market share expansion.

In Q3FY25, total revenue reached ₹334 crores with an EBITDA margin of 10%. The company continues to build its land bank, having invested ₹1,236 crores in land acquisition, aligning with its growth strategy.