Puravankara achieves highest ever annual and quarterly sales

14 Apr 2023 CW Team

Puravankara, a real estate firm, has achieved its highest annual and quarterly sales in any fiscal year since its inception. The company sold Rs. 1,007 crore in Q4 and a total of Rs. 3,107 crore in FY23.

"The company has consistently grown during FY23, indicating our ongoing efforts to gain market share." "We expect our pre-sales growth momentum to continue in the coming quarters, driven by a healthy pipeline of new launches totaling 14 million sqft," said Ashish Puravankara, Managing Director.

In addition, the company reported a 57% increase in customer collections from the real estate business, which increased to Rs. 2,258 crore in FY23 from Rs. 1,440 crore in FY22. The average price realization also increased by 14% to Rs. 7,768 per sqft during FY23 from 6,838 per se ft in FY22.

According to industry experts, the unchanged repo rates will support the current growth momentum, with large builders potentially gaining market share. The top seven markets had the highest quarterly sales in more than ten years. According to ICRA, the area sold in 9M FY2023 increased to 412 msf from 307 msf in the same period the previous year, owing to continued end-user demand and good affordability.

Puravankara's total net debt was Rs 2,135 crore as of December 31, 2022, with a weighted average cost of debt of 11.18%. The company has a total land bank of 57 million square feet.

Also Read
Housing inventory overhang lowest in 5 years due to robust sales
Tamil Nadu: TNUHDB unveils new housing development

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..