Puravankara posts Rs 1,282 crore pre-sales, FY25 loss narrows
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
eal estate major Puravankara Limited Recorded all-time high pre-sales of Rs 5,006 crore, reflecting strong demand and execution across markets. The company sold 5.67 million sq. ft. during the year, with a 10% year-on-year increase in average realisation to Rs 8,830 per sq. ft.Total revenue stood at Rs 2,093 crore, while customer collections rose to Rs 3,937 crore. Despite posting a net loss of Rs 186 crore, the company demonstrated financial resilience with a 10% growth in operating cash inflows to Rs 4,342 crore, highlighting its robust cash flow generation and sustained momentum.The firm reported robust operational performance for the quarter ended March 31, 2025 (Q4FY25), with pre-sales rising to Rs 1,282 crore, supported by sales of 1.42 million sq. ft. and improved average realisation of Rs 9,031 per sq. ft. Total revenue for the quarter stood at Rs 564 crore, while net loss narrowed sequentially to Rs 88 crore.For the full fiscal year FY25, the company recorded all-time high pre-sales of Rs 5,006 crore, driven by a sales volume of 5.67 million sq. ft. and a 10% year-on-year increase in realisation to Rs 8,830 per sq. ft. Total revenue for the year stood at Rs 2,093 crore, while annual collections reached Rs 3,937 crore. Net loss for FY25 was reported at Rs 186 crore. Despite the bottom-line pressure, operating cash inflows rose 10% year-on-year to Rs 4,342 crore, underlining the company's strong cash-generating ability.'FY25 marked a significant inflection point for Puravankara with record pre-sales and strong customer collections,' said Ashish Puravankara, Managing Director. 'As we enter our Golden Jubilee year, our focus is on monetising a diversified pipeline across key geographies, especially Western India, while scaling execution in both residential and commercial segments.'As part of its Western India strategy, the company acquired four marquee redevelopment projects in Mumbai—at Lokhandwala, Pali Hill, Breach Candy, and Thane—unlocking a combined Gross Development Value (GDV) of over Rs 9,500 crore. In March 2025, Puravankara launched 'Purva Panorama' in Thane, a flagship project with 3 million sq. ft. of development potential and an estimated GDV of Rs 4,000 crore.In North Bengaluru, the company entered into a joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel at KIADB Hardware Park, with an estimated GDV of Rs 3,300 crore and a saleable area of 3.48 million sq. ft.Looking ahead, the group's launch pipeline spans 13.5 million sq. ft., backed by key regulatory approvals. Additionally, 2 million sq. ft. of Grade-A commercial space is expected to receive occupancy certificates in FY26, expanding annuity income visibility. Upcoming handovers in FY26 include projects such as Atmosphere, Oakshire, Capella (Bengaluru), and Adora De Goa, with a combined GDV of Rs 3,200 crore.As of March 31, 2025, Puravankara maintained a net debt of ₹2,949 crore, with a net debt-to-equity ratio of 1.70x and a weighted average cost of debt at 11.85%. The company's total estimated surplus stood at a strong Rs 15,949 crore—comprising Rs 8,505 crore from ongoing and completed projects, Rs 1,870 crore from commercial assets, and Rs 5,574 crore from its upcoming launch pipeline—underscoring the financial headroom to support future growth and execution.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
29 minutes ago
- NDTV
How Much Will Home Loan EMI Drop After RBI's Repo Rate Cut
New Delhi: If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India's latest move. With the central bank cutting the repo rate by 50 basis points -- from 6 per cent to 5.5 per cent -- banks are expected to lower interest rates on loans. For a Rs 50 lakh home loan over 20 years, this could mean monthly savings of Rs 1,569 and annual savings of nearly Rs 19,000, offering much-needed relief to borrowers amid high living costs. The repo rate is the interest rate at which the RBI lends money to commercial banks. A reduction in this rate makes borrowing cheaper for banks, which in turn allows them to offer loans to customers at lower interest rates. This directly impacts borrowers, especially those with home loans linked to repo-based lending rates (RBLR). Let's break this down with a practical example. Suppose you have a home loan of Rs 50 lakh at an interest rate of 8.5 per cent for a tenure of 20 years. Your monthly EMI in this case would be around Rs 43,391. Now, after the 50 basis points cut in the repo rate, if the bank reduces your interest rate to 8 per cent, your new EMI would come down to approximately Rs 41,822. Gaurav Gupta, Secretary of CREDAI (Confederation of Real Estate Developers' Associations of India), welcomed the RBI's monetary decision, saying that the rate cut will help reduce borrowing costs for home buyers. Beyond just lowering monthly payments, it will improve housing affordability across the country. He further added that a drop in interest rates not only benefits individual buyers but also boosts overall sentiment in the real estate sector, which positively impacts multiple industries connected to it. Importantly, it's not just home loans that will get cheaper -- personal loans, auto loans, and other types of retail borrowing will also see reduced EMIs as a result of lower interest rates. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Time of India
29 minutes ago
- Time of India
Vadaj land prices up 15-fold in 10 yrs, Kandla port trust surrenders plot
Ahmedabad: In proof of the city's booming real estate market, land prices in the western areas have skyrocketed over 15 times in just one decade, forcing Deendayal Port Trust (DPT) in Kandla to surrender a prime plot in Vadaj back to the Ahmedabad Municipal Corporation (AMC). Tired of too many ads? go ad free now This price increase came to light when the AMC's standing committee approved the DPT's request to surrender a 1,945 sq m plot in Vadaj village on Thursday. The plot, originally allocated in 2010 for a guesthouse at Rs 14,000 per sq m, was revalued at Rs 2,15,927 per sq m in 2020 — a 1,442% increase. If the plot were to be revalued again, the price could potentially be higher. The case dates back to July 2010 when the standing committee approved allocation of the plot in Naranpura TP Scheme No. 29 to DPT. The AMC set a reserve price of Rs 14,000 per sq m but included a condition requiring payment of any additional amount determined through govt revaluation. DPT initially deposited Rs 2.72 crore based on the reserve price and took possession in Jan 2011. However, the promised revaluation became a decade-long saga. "Despite the municipal corporation writing to the state govt's valuation department approximately eight times between 2010 and 2019, no assessment was conducted. The valuation finally occurred in 2020, revealing the huge price appreciation," an official said. "Following the 2020 valuation, DPT faced a massive financial burden. It was required to deposit Rs 39.27 crore to cover the price difference and an additional Rs 84 lakh for valuation process expenses. DPT appealed to pay up based on the old reserve price, but authorities rejected the request," the official added. DPT compounded its troubles by failing to fulfil the land agreement's construction requirement. Tired of too many ads? go ad free now The agreement mandated building construction within two years of possession for the designated purpose, but this was not done, in clear violation of the terms. So AMC ordered that the amount be deposited based on the valuation. It stated that proceedings to reclaim the plot will be initiated if DPT fails to deposit the amount. This prompted DPT to propose surrendering the property instead. "The standing committee's approval of DPT's proposal means the AMC will now reclaim the plot while returning the remaining amount to DPT after deducting valuation expenses from the amount deposited in 2010," an AMC official said.
Time of India
30 minutes ago
- Time of India
Soon, mobile-friendly system to detect counterfeit notes
Ahmedabad: Over the years, Gujarat, and India as a whole, have seen several methods to pass off fake notes as real ones, with some even making a business out of it. Senior city police officials said Ahmedabad police's Special Operations Group (SOG) files cumulative cases periodically after seizing fake Indian currency notes (FICN) detected in the banking channels. "The highest denomination currency notes are often the most-used ones. After the discontinuation of bigger denominations, now Rs 500 is the biggest note, and thus the focus is on the note, along with the most circulated one – Rs 100. Notes of both the denominations have multiple security features that undergo scrutiny, and mostly the currency counting machine identifies the FICN," said a senior official. "Often, the material of the note and its security features also flag the forgery. " An identification system developed by researchers at the National Forensic Sciences University (NFSU) takes a different approach by using technology — it uses the serial number on the currency note to check with a central database to flag all the instances where a specific number has featured on the suspected FICN list. A team primarily from NFSU was granted an Indian patent for the method of identification. "The proposed system maintains a comprehensive historical database of scanned entities by users, ensuring consistent and scalable verification. Its real-time alerts notify users and authorities promptly, enhancing responsiveness. Designed to be mobile-friendly, rapid and cost-effective, the technology can help in sectors such as banking, retail, logistics and law enforcement," said a senior NFSU official. Sources said that govt agencies will now be approached for possible collaboration. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
