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Puravankara Ltd

Company details

87.00
90.30
77.90
146.25
6M Return -5.42%
1Y Return -36.88%
Mkt Cap.(Cr) 2,110.64
Volume 7,323
Div Yield 5.76%
OI
-
OI Chg %
-
Volume 7,323

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Puravankara Ltd.

Q1FY23 Quarterly Result Announced for Puravankara Ltd.

Realty company Puravankara announced Q1FY23 results:

  • Consolidated Revenues stood at Rs 297 crores
  • EBITDA stood at Rs 139 crores with margins of 47%
  • Profit before Tax (PBT) stood at Rs 48 crores
  • Profit After Tax (PAT) stood at Rs 35 crores

Commenting on the company's performance, Ashish R Puravankara, Managing Director, Puravankara limited, said, "We believe India's real estate will continue to witness sustained growth momentum, which will be fueled by favorable market forces, government measures, and positive customer sentiment. We are delighted that the new financial year has begun on a positive note, with the Company achieving its highest ever sales in the first quarter of any financial year. And this is remarkable as it has been achieved in an inflationary environment and without any new launches. Despite the challenging environment, we see positive customer sentiments, improved affordability, and heightened aspiration to have good quality homes. We expect to ride on this wave of robust sales, strong demand in the sector, and a stable economy. We are upbeat about our new launches, and we will continue to focus on scaling our operations while maintaining a healthy balance sheet. As a customer-centric entity, our primary focus will be to offer our customers high-quality products and a seamless homebuying experience. Our budget and expense control measures have put us in a solid position to optimize buoyant sentiments. We remain confident in creating sustained value for all our shareholders by delivering growth and margin expansion through optimal capital utilization."

 

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,042.06 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,798.25 -25,291.97
LAST 3M 27,044.95 -25,544.90
LAST 6M 49,131.67 47,902.81
LAST 12M 178,925.96 -114,950.83

INFORMATION

Stock PE (TTM)

0

Promoter Holding

75%

Book Value

81.6935

ROCE

13.01%

ROE

7.49%

Description

  • An ISO 9001 certified company, the Puravankara Projects Limited (PPL) was incorporated on 3rd June 1986 in Mumbai as a private limited company under the name of Puravankara Constructions Private Limited. Now it emerged as a leading real estate developer, provides residential flats and commercial, serving the needs of a discerning clientele. The Company`s operations cover Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the United Arab Emirates (U.A.E). Also have representatives in the United Kingdom and the United States. PPL have completed many residential and commercial projects covering approximately 4.73 million sq.ft of saleable area. The network of the company expanded to Bangalore in the year 1987 and commenced its operations in Bangalore during the year 1990, also launched its first residential project. The name of the company was changed to Puravankara Projects Limited and the status also changed to a public limited company, the fresh certificate of incorporation consequent on change of name and status was granted to the company on 19th August 1992. PPL was certified as an ISO 9001 compliant company by DNV in the year 1998. One of the company`s residential projects, Purva Park was nominated as a finalist in the International Prix d`Excellence awarded by the FIABCI, Paris in the identical year of 1998. During the year 2002, PPL obtained the CRISIL DA2 rating and set up its office in U.A.E. The Company had spread its wing to Chennai, set up its operations in Chennai during the year 2004. PPL had entered into a joint venture with the Keppel Investment Mauritius Private Limited in 2005. During the same year 2005, set up its operations in Kochi and obtained approval from the Board of Investment in Sri Lanka. The Company Joint Venture with Keppel Land Limited, Singapore had launched Elita Promenade in JP Nagar, Bangalore during July 2005. In recognition of the quality projects and for delivering properties on time to customers with clear title to properties, the company received DA2 rating from CRISIL in the year 2006. In June 2006, PPL had signed a Memorandum of Understanding (MOU) with the City Municipal Council (CMC), Yelahanka in an effort to develop the double road connecting the Doddaballapura road to Yeshwanthpura road via Attur. PPL tapped capital market by the way of its Initial Public Offering (IPO) in July of the year 2007. The Company bagged the bid from Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in November 2007 to develop a Hi-tech City in Hyderabad. PPL made its foray into the affordable housing segment and launched a 100% owned subsidiary called Provident Housing and Infrastructure during in August of the year 2008.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532891
NSE Code : PURVA
Book Closure Date (Month) :
BSE Group : A
ISIN : INE323I01011

ICICIdirect Puravankara Ltd FAQ

You can buy Puravankara Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Puravankara Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 31, 2023 04:01 PM the closing price of Puravankara Ltd was ₹ 89.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 31, 2023 04:01 PM, the market cap of Puravankara Ltd stood at ₹ 2,110.64.
The latest PE ratio of Puravankara Ltd as of Jan 31, 2023 04:01 PM is 0
The latest PB ratio of Puravankara Ltd as of Jan 31, 2023 04:01 PM is 0.91
The 52-week high of Puravankara Ltd is ₹ 146.25 while the 52-week low is ₹ 77.90

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