Puravankara Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Board of Directors of Puravankara Limited has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The consolidated revenue from operations stood at ₹318.17 crore, down from ₹573.70 crore in the corresponding quarter last year. A significant loss before tax of ₹118.26 crore was reported, attributed in part to an exceptional item related to a loss from a joint venture of ₹33.33 crore. The company also acquired a 36.26% stake in Pune Projects LLP, leading to its classification as a subsidiary.