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Economic Times
30-05-2025
- 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.
Time of India
30-05-2025
- Business
- Time of India
Puravankara's net loss widens to ₹88 crore in Q4 FY25
NEW DELHI: Puravankara has reported net consolidated loss after tax of ₹88 crore during the quarter ended March 31, 2025. It had registered loss after tax ₹6.71 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹563.70 crore in Q4 FY25, a dip of 40.47 per cent from ₹946.84 crore it recorded in the similar quarter last year. Ashish Puravankara , managing director of the company said, "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 sq. ft. in the pipeline group-wide, and key approvals in place, we are optimistic about delivering long-term value to all stakeholders." During the quarter ended March 31, 2025, the company had acquired an additional stake of 39.54% in an existing associate entity - Sobha Puravankara Aviation (SPAPL) from another shareholders for a consideration of ₹0.04 crore. Pursuant to the said acquisition, the company holds 89.49% shareholding and SPAPL has become a subsidiary of the company. In Q4 FY25, pre-sales stood at ₹1,282 crore, sales volume of 1.42 million sq ft and collections of ₹946 crore. During the quarter ended March 31, 2025, a wholly-owned subsidiary of the company had acquired 51% voting right and control thereon in NBD Office Parks LLP for a consideration of ₹2.96 crore thereby NBD Office Parks LLP has become a subsidiary of the Group. For FY25, the company achieved robust pre-sales of ₹5,006 crore, with a sales volume of 5.67 million sq ft and a 10% year-on-year increase in sales realisation to ₹8,830 per sq ft. Collections for the year stood at ₹3,937 crore, reflecting a 9% growth over the previous year. Total revenue came in at ₹2,093 crore, while operating cash inflows grew by 10% year-on-year to ₹4,342 crore. During the quarter ended March 31, 2025, PURVACOM, a partnership entity in which the company held 99.99% stake has been dissolved. The company has announced a joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel in North Bengaluru 's KIADB Hardware Park. The project has an estimated gross development value (GDV) of over ₹3,300 crore and a saleable area of 3.48 million sq ft. During FY25, the company expanded its presence in Western India by acquiring four projects, including redevelopment projects, across Lokhandwala, Pali Hill, Breach Candy, and Thane having a combined GDV potential of over ₹9,500 crore. The company hopes to derive 40% of future revenues from Mumbai and Pune. In March 2025, the company launched Purva Panorama project in Thane, with a total development potential of three million sq ft and an estimated GDV of ₹4,000 crore. Puravankara's net debt stood at ₹2,949 crore, and the net debt-to-equity ratio stood at 1.70 as on March 31, 2025. The weighted average cost of debt stood at 11.85% as on March 31, 2025.
