Puravankara Limited — Important, 16-04-2025: General Updates

Puravankara Limited has provided an operational update reflecting robust financial performance for FY25. Customer collections reached Rs 3,937 crores, up 9% year-on-year, while pre-sales for the year totaled Rs 5,006 crores. Q4FY25 saw collections of Rs 946 crores and pre-sales of Rs 1,282 crores. Sustenance sales surged by 22% to Rs 4,223 crores, with average price realization increasing by 10% to Rs 8,830 per square foot.

The company invested over Rs 1,300 crores in land acquisitions, targeting approximately 8 million square feet with a potential gross development value of over Rs 13,000 crores. Despite facing some delays in project approvals, Puravankara is set to launch over 13 million square feet in FY26, with strategies in place to navigate market challenges effectively. Given the optimistic outlook for residential and commercial real estate, Puravankara is well-positioned for continued growth, making it a company to watch closely.