Agri Business

Puravankara Q1 profit up 34%

Our Bureau Bengaluru | Updated on August 13, 2018 Published on August 13, 2018

Puravankara Ltd’s profit was up 34 per cent at ₹26.85 crore for the first quarter (Q1) of FY 2018-19 on a consolidated basis as against ₹20.07 crore recorded in the same period last year. The company’s income is also higher by 11 per cent to ₹394.70 crore (₹355.26 crore). EPS for Q1 stood at ₹1.13 (₹0.85). Collections from operations for the quarter continued to be healthy, and stood at ₹333 crore.

Ashish R Puravankara, Managing Director, Puravankara Limited, said, “this performance was primarily led by Provident with both sales volume and realisation per square foot showing substantive improvement. Our commitment to derisk dependence on the Bengaluru market is paying, with increased contributions from markets in South and West.”

“The Brand Puravankara continues to do well in terms of positioning with sales realisation per square foot clocking above ₹7,400 this quarter. In July, Provident Adora De Goa, our maiden venture in Goa, received an overwhelming response in prelaunch.

Published on August 13, 2018
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