Mumbai: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India`s most trusted and admired real estate developers, recorded sales of Rs 1,265 crores for Q3FY25 vs Rs 1,241 crores in Q3FY24, up by 2%. The company also achieved a sale value of Rs 3,724 crores in 9MFY25.
Customer collections reached Rs 993 crores in Q3FY25 compared to Rs 941 crores in Q3FY24, up 6% Y-o-Y. For 9MFY25, customer collections increased to Rs 2,991 crores, up by 19% compared to Rs 2,515 crores for 9MFY24.
Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, The growth in collections is a clear reflection of our strong operational efficiency. In 9MFY25, we achieved collections of Rs 2,991 crore, a 19% Y-o-Y increase, with Rs 993 crore in Q3FY25, a 6% increase Y-o-Y. Pre-sales for Q3FY25 reached Rs 1,265 crore, up by 2% Y-o-Y. Keeping in line with our acquisition strategy and our growth plans for the current and next financial year, we have invested approximately Rs 1,100 crores this fiscal, adding a potential GDV of around Rs 10,500 crores. This includes our most recent acquisition in Kanakapura Road, Bengaluru.
Key Highlights
- Achieved customer collection of Rs 2,991 crores in 9MFY25, up by 19% compared to Rs 2,515 crore in 9MFY24.
- Achieved quarterly customer collections from the real estate business of Rs 993 crores in Q3FY25 compared to Rs 941 crores in Q3FY24, up by 6% y-o-y.
- Achieved quarterly sales value of Rs 1,265 crores for Q3FY25 vs Rs 1,241 crores in Q3FY24, up by 2% Y-o-Y; and Rs 3,724 crores for 9MFY25.
- Average price realisation in Q3FY25 increased to Rs 8,848/sft, up by 16% from Rs 7,621/sft in Q3FY24.
- An overall spend of over Rs. 1,100 crores for land acquisition in the fiscal, with a potential GDV of Rs. 10,500 crores.
- Appointment of Mr. Deepak Rastogi as Group CFO and Key Managerial Personnel, effective January 15, 2025.