Puravankara Q1 Revenue at Rs. 323 Crores, up 50 Percent Y-o-Y; Pre-Sales of Rs. 1,126 Crores Delivers 119 Percent Growth
Bengaluru, Karnataka, India: Puravankara Limited (BSE: 532891), one of India’s most trusted real estate players, announced its financial results today for the first quarter (Q1FY24) ending June 30, 2023.
The company recorded sales of Rs. 1,126 crores, an increase of 119% Y-o-Y. Sales volume for the quarter stood at 1.36 msft, up by 97% Y-o-Y with a strong collection of Rs. 696 crores (+52% Y-o-Y). Average price realisation increased by 11% to Rs. 8,227/sq ft during the quarter, up from Rs. 7,436/sq ft in Q1FY23. Operating cash inflows stood at Rs. 866 Crores (+30% Y-o-Y) and revenue from projects stood at Rs. 323 crores (+50% Y-o-Y).
Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Limited, said, “The results for Q1FY24 show a strong start ...