The corporate’s revenue declined by 43% to Rs 334 crore resulting from greater bills, which had been booked underneath the P&L as per Ind AS 115 accounting requirements and decrease handovers which additional impacted revenue recognition.
Nonetheless buyer collections elevated by 6% year-on-year to ₹993 crore in Q3 FY25, whereas common worth realization rose by 16%, with a 29% improve for Purva and seven% for Provident in the course of the interval.
For the nine-month interval, revenue from tasks grew 16% to ₹1,529 crore for FY2025. Gross sales quantity for the interval reached 4.24 million sq. toes, with a gross sales worth of ₹3,724 crore, whereas working money inflows rose 14% year-on-year to ₹3,209 crore.
The corporate has continued its aggressive growth in Mumbai, buying tasks in Lokhandwala, Pali Hill, Breach Sweet, and Thane, including a possible gross improvement worth (GDV) of over ₹9,000 crore.
“As well as, owing to the highest-ever sustenance gross sales, the corporate has incurred gross sales and advertising bills, which need to be booked to P&L, as per Ind AS 115 accounting requirements. Occupancy certificates (OCs) and handover for 4 tasks, with a complete saleable space of 3.95 msftwith a complete worth of Rs 3,200+ crores, had been anticipated in Q3FY25 and Q4FY25, which at the moment are anticipated in Q4FY25 and Q1FY26. This has been on account of procedural delays, like the brand new e-khata coverage, leading to low handovers,” the corporate stated.“We have now recorded a 16% improve in whole revenue from tasks in 9MFY25, and buyer collections have elevated by 19%. The expansion in collections is a transparent reflection of our sturdy operational effectivity and enterprise efficiency. We anticipate Occupancy Certificates (OCs) and completion for 4 tasks with a complete saleable space of 3.95 million sq ft throughout Q4FY25/Q1FY26 with a complete worth of Rs 3,200+ crore,” stated Ashish Puravankara, Managing Director, Puravankara Restricted.In accordance with the corporate, regardless of the reported loss of ₹99 crore for 9M FY2025 underneath Ind AS 115, Puravankara’s revenue earlier than tax remained optimistic underneath the Share of Completion (PoC) methodology, indicating eventual profitability as tasks progress. The corporate generated an working money surplus of ₹752 crore in 9MFY25 and invested ₹1,236 crore in land acquisition, including over 7 million sq. toes of saleable space with a GDV potential of ₹12,000 crore.
In Q3 FY2025, the corporate offered 1.43 million sq. toes, producing a gross sales worth of ₹1,265 crore, with a median realization of ₹8,847 per sq. foot. For the nine-month interval, whole gross sales stood at 4.24 million sq. toes, with a gross sales worth of ₹3,724 crore and a median realization of ₹8,783 per sq. foot.
The corporate’s net debt stood at ₹2,824 crore, with a net debt-to-equity ratio of 1.58, whereas the weighted common value of debt was 11.73% as of December 31, 2024.
With a complete land financial institution of roughly 29 million sq. toes and ongoing tasks totaling 34 million sq. toes, Puravankara stays well-positioned for sustained progress. The corporate’s numerous residential portfolio—together with Purva, Provident Housing, and Purva Land—together with its increasing business footprint, ensures it’s set to capitalize on rising market alternatives.
The Indian actual property sector continues to witness sturdy demand, with 71 million sq. toes of workplace leasing in CY2024. Authorities initiatives, together with earnings tax rationalization and repo charge cuts, are anticipated to spice up disposable earnings and drive housing demand, significantly within the inexpensive and mid-segment classes.
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