Latest news with #Puravankara
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Business Standard
2 days ago
- Business
- Business Standard
Puravankara shares nosedive 10% as Q4 loss widens; results breakdown here
Shares of Puravankara plunged nearly 10 per cent in Monday's intraday trade after its loss in the fourth quarter of the financial year 2024-25 widened to ₹88 crore along with a decline in the top line. The real estate major's stock fell as much as 9.98 per cent during the day to ₹258.9 per share, the biggest intraday loss since April 7 this year. As of 11:15 AM, the stock was down 9.3 per cent at ₹239 apiece, compared to a 0.52 per cent decline in Nifty50. Shares of the company currently trade at the lowest level since May 14 this year, and have fallen 36 per cent this year, compared to a 4.1 per cent advance in the benchmark Nifty50. Puravankara has a total market capitalisation of ₹5,695.15 crore, according to BSE data. Puravankara Q4 results The Bengaluru-headquartered company saw its fourth quarter loss widen to ₹88 crore, from a loss of ₹6.71 crore in the same quarter last financial year. Revenue from operations for the quarter declined 40.4 per cent to ₹563.7 crore from ₹946.8 crore in the corresponding period of the previous year. The company's inventory rose to ₹430 crore in Q4FY25, up from ₹45.48 crore in the same quarter last year. The land purchase cost more than doubled to ₹191.8 crore from ₹87.6 crore during the period. Sub-contractor costs also rose to ₹424 crore versus ₹397 crore, contributing to the overall income turning negative. In Q4FY25, pre-sales stood at ₹1,282 crore, driven by a sales volume of 1.42 million square feet and collections of ₹946 crore. For the full year FY25, the company achieved pre-sales of ₹5,006 crore, with a sales volume of 5.67 million square feet and a 10 per cent year-on-year (Y-o-Y) increase in sales realisation. 'FY25 saw record sustenance sales, and our western India investments are now poised to come to market. We are also actively pursuing several major redevelopment projects," said Ashish Puravankara, Managing Director of Puravankara. "With over 13.5 million square feet in the pipeline group-wide, and key approvals in place, we are optimistic about delivering long-term value to all stakeholders while reinforcing our legacy of trust and innovation.' Puravankara FY26 outlook
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Business Standard
2 days ago
- Business
- Business Standard
Stock Market LIVE Updates: Titan, Tata Steel, HDFC Bank drag Sensex 350 pts; SMIDs, PSBs edge higher
Sensex Today | Stock Market LIVE on Monday, June 2, 2025: HDFC Bank, L&T, Tata Steel, HCL Tech, Reliance Industries, Bajaj Finance, Infosys, Tech M, Bharti Airtel, and Tata Motors were the top losers 11:56 AM Stock Market LIVE Updates: Puravankara shares nosedive 10% as Q4 loss widens; results breakdown here Stock Market LIVE Updates: Puravankara shares plunged nearly 10 per cent in Monday's intraday trade after its loss in the fourth quarter of the financial year 2024-25 widened to ₹88 crore along with a decline in the top line. The real estate major's stock fell as much as 9.98 per cent during the day to ₹258.9 per share, the biggest intraday gain since April 7 this year. As of 11:15 AM, the stock was down 9.3 per cent at ₹239 apiece, compared to a 0.52 per cent decline in Nifty50. READ MORE 11:45 AM Stock Market LIVE Updates: Bank of Maharashtra, UCO Bk, IOB, others rise up to 6% on Jun 2; here's why Stock Market LIVE Updates: PSU bank stocks were in the spotlight on the first trading day of June—Monday, June 2, 2025—with several counters rallying up to 6 per cent in intraday deals. The surge came ahead of the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting outcome, scheduled for Friday, June 6. The Nifty PSU Bank index rose as much as 1.96 per cent to hit an intraday high of 7,010.45, with all its constituents trading in the green. In comparison, the Nifty50 index was trading 0.49 per cent lower at 24,630.50 level at 11:15 AM. 11:28 AM Stock Market LIVE Updates: AstraZeneca Pharma shares surge 12% after Q4 results 11:08 AM Stock Market LIVE Updates: Why stock market fell today? Stock Market LIVE Updates: Indian benchmark indices plunged after the opening bells, taking cues from a decline in their Asian peers amid fresh tariffs from the US. The BSE Sensex index plunged 796 points or 0.98 per cent in the intraday trade to hit a low of 80,654 during the day. The NSE Nifty50 fell 224 points, or 0.91 per cent, to 24,526. The indices registered their worst fall since May 27 this year. READ MORE Connect with us on WhatsApp
Business Upturn
3 days ago
- Business
- Business Upturn
Puravankara shares drop over 7% as Q4 EBITDA falls 73% YoY to Rs 30.45 crore
By Aman Shukla Published on June 2, 2025, 09:54 IST Puravankara shares fell over 7% in morning trade after the company reported disappointing financial results for the fourth quarter of FY25. The real estate developer posted a sharp decline in both revenue and profitability, triggering negative sentiment among investors. As of 9:51 AM, the shares were trading 6.78% lower at Rs 247.40. The company's consolidated revenue dropped significantly to ₹541.57 crore, down 41.1% from ₹919.97 crore in the same period last year. Operational performance also weakened, with EBITDA falling to ₹30.45 crore, a decline of 73% compared to ₹113.40 crore a year ago. The EBITDA margin narrowed to 5.6% from 12.3%, reflecting pressure on cost management and lower operating leverage. Puravankara reported a net loss of ₹88 crore for the quarter, a significant deterioration from the ₹6.71 crore loss recorded in the corresponding quarter of the previous year. Puravankara shares opened at ₹255.00 today, reaching a high of ₹258.90 and a low of ₹238.90 during trading. The stock remains well below its 52-week high of ₹569.60 but above its 52-week low of ₹208.70. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
5 days ago
- Business
- Business Standard
Puravankara's consolidated net loss widens to Rs 88 crore in Q4FY25
Puravankara Limited, the Bengaluru-headquartered real estate major, saw its consolidated losses widen to Rs 88 crore in the fourth quarter ended March 2025, from a loss of Rs 6.71 crore in the same quarter last financial year. Revenue from operations for the quarter declined 40.4 per cent to Rs 563.7 crore, from Rs 946.8 crore in the corresponding period of the previous year. The company's inventory — including flats, land stock, and work-in-progress — ballooned to Rs 430 crore in Q4FY25, up from Rs 45.48 crore in the same quarter last year. Land purchase cost more than doubled to Rs 191.8 crore from Rs 87.6 crore during the period. Sub-contractor costs also rose to Rs 424 crore versus Rs 397 crore, contributing to the overall income turning negative. 'FY25 saw record sustenance sales, and our western India investments are now poised to come to market. We are also actively pursuing several major redevelopment projects. With over 13.5 million square feet in the pipeline group-wide, and key approvals in place, we are optimistic about delivering long-term value to all stakeholders while reinforcing our legacy of trust and innovation,' said Ashish Puravankara, Managing Director, Puravankara Limited. In Q4FY25, pre-sales stood at Rs 1,282 crore, driven by a sales volume of 1.42 million square feet and collections of Rs 946 crore. For the full year FY25, the company achieved pre-sales of Rs 5,006 crore, with a sales volume of 5.67 million square feet and a 10 per cent year-on-year (YoY) increase in sales realisation to Rs 8,830 per square foot. Collections for the year stood at Rs 3,937 crore, reflecting 9 per cent growth over the previous year. Total revenue stood at Rs 2,093 crore, while operating cash inflows rose by 10 per cent YoY to Rs 4,342 crore. The FY25 net loss was reported at Rs 182.92 crore. In comparison, the company had posted a net profit of Rs 42 crore in FY24. For the full year, inventories increased to Rs 1,935.5 crore in FY25, more than tripling from Rs 597.3 crore in FY24. The company said it continues to invest in its Grade A commercial portfolio, with nearly 2 million square feet expected to receive occupancy certificates (OCs) in FY26, thereby enhancing annuity income visibility. Despite approval delays that impacted some project launches — including regulatory shifts such as the new e-khata policy — approvals have now begun to come through, setting the stage for a more active launch calendar in the coming quarters, the company said. Puravankara delivered approximately 3.09 million square feet in FY25 and expects OCs for key projects like Atmosphere, Oakshire, and Capella in Bengaluru, and Adora De Goa in Goa in FY26. These have a combined saleable area of 3.95 million square feet and a gross development value (GDV) of Rs 3,200 crore. The realtor highlighted that net debt stood at Rs 2,949 crore for FY25, up from Rs 2,151 crore in March 2024, largely due to a rise in capital expenditure. Residential debt declined by Rs 132 crore, reflecting strong project cashflows and operational efficiency. However, land-related debt increased by Rs 164 crore due to incremental investment in Mumbai projects during the quarter. 'We have done land investment of Rs 1,284 crore in FY25, including acquisition of landowner's share of Rs 377 crore,' the company said in its investor presentation. In FY26, the company intends to launch 9.25 million square feet, including new projects and phases in existing ones, across Bengaluru, Mumbai, and Kochi. It launched a developable area of 7.38 million square feet and opened 3.6 million square feet for sale at the time of launch in FY25. Of this, Bengaluru constituted 31 per cent, Chennai 23 per cent, Mumbai 29 per cent, and Pune 17 per cent. Puravankara announced its results post-market hours. Shares of the company closed at Rs 262.9 apiece, up 2.08 per cent on the NSE on Friday.
Economic Times
5 days ago
- Business
- Economic Times
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. 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 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 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 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. 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 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.
