Puravankara Limited — Important, 30-05-2025: General Updates

Puravankara Limited has announced a board meeting on the financial results for the quarter and half-year. The company posted a consolidated net loss of Rs.182.92 Cr versus a profit of Rs.42 Cr last year, driven by higher subcontractor and land costs, plus losses from new subsidiary acquisitions. It expanded its real estate footprint by acquiring controlling stakes in Sobha Puravankara Aviation and NBD Office Parks LLP. The group bolstered debt funding with Rs.494 Cr raised through debenture issuances via subsidiaries. Legal and tax matters are ongoing but not expected to impact the books currently.