Puravankara Ltd (PURVA) Q3FY25 Concall Summary - Dec-2024 Qtr
Performance Overview
- Puravankara Ltd reported sales of INR 1,265 crores and sales volume of 1.43 million square feet during the Dec-2024 quarter. Customer collections showed a 6% year-over-year increase, reaching INR 993 crores.
- The company's average realization increased by 16% year-over-year to INR 8,847 per square foot due to changes in inventory mix.
- Provident Housing, a subsidiary of Puravankara, experienced substantial growth with sales of INR 737 crores, driven by ongoing projects and the successful launch of Ecopolitan Phase 2.
- The company has a robust launch pipeline of approximately 12.63 million square feet, with a significant portion (47% of ongoing and 73% of planned) located outside of Bengaluru.
- Puravankara has invested INR 1,236 crores in land acquisition during the first nine months of the fiscal year, adding close to 7 million square feet with a gross development value (GDV) exceeding INR 12,000 crores.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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