PURAVANKARA RECORDS SALES OF RS 1,600 CR, COLLECTIONS REACH RS 879 CR
The Business Guardian|November 16, 2023
In Q2FY24, Puravankara Limited, arealestate company, recordedarecordsale value of Rs1600crores,a102%rise
PURAVANKARA RECORDS SALES OF RS 1,600 CR, COLLECTIONS REACH RS 879 CR

One of the most reputable and well-liked real estate developers in India, Puravankara Limited (BSE:532891), released its financial results for the second quarter (Q2FY24) that ended on September 30, 2023.The company’s sales were INR 1,600 crores, a 102% yearover-year rise. With a solid collection of INR 879 crores (+70% Y-o-Y), the quarter’s sales volume was 2.01 msft, up 89% year over year. Average price realisation increased by 7% to INR 7,947/sq ft during the quarter, up from INR 7,396/sq ft in Q2FY23. Operating cash inflows for H1FY24 stood at INR 1,756 crores (+31% Y-oY), and revenue from projects stood at INR 368 crores (+54% Y-o-Y). The company launched one new project, Provident Ecopolitan (Bengaluru), and new phases for Purva Park Hill (Bengaluru) and Purva Windermere (Chennai), totaling 2.09 msft.

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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