Puravankara Limited — Updates, 13-01-2025: Press Release

Puravankara Limited has reported a pre-sales figure of Rs 1,265 crores for Q3FY25, reflecting a modest year-on-year increase of 2% compared to Rs 1,241 crores in Q3FY24. Customer collections also rose to Rs 993 crores in Q3FY25, up 6% from Rs 941 crores during the same period last year. For the first nine months of FY25, total collections reached Rs 2,991 crores, marking a 19% growth from Rs 2,515 crores in 9MFY24.

The average price realization saw a significant rise, increasing to Rs 8,848 per square foot, a 16% uplift from Rs 7,621 per square foot a year prior. Puravankara has made substantial investments of over Rs 1,100 crores in land acquisition this fiscal, with an expected Gross Development Value (GDV) of approximately Rs 10,500 crores. The company anticipates ramping up its launches with a pipeline of 15.70 million square feet slated between Q4FY25 and Q1FY26.

Overall, with a backdrop of favorable market conditions and strong operational performance, Puravankara demonstrates potential growth opportunities moving forward.