Puravankara records 20% surge in sales bookings at Rs 597 cr in Q2

18 Nov 2021 CW Team

Real estate company Puravankara Limited's sales bookings increased by 20% to Rs 597 crore during the second quarter of the financial year on higher volumes and cost realisation.

In its investor's presentation, the Bengaluru-based company notified that the firm's sales bookings grew to Rs 597 crore during the July-September quarter of 2021-22 fiscal from Rs 495 crore in the previous year.

Its sales realisation increased by 11% to Rs 6,556 per sq ft from Rs 5,898 per sq ft.

In volume terms, sales bookings rose by 8% to 0.91 million sq ft during the July-September quarter of this financial year from 0.84 million sq ft in the year-ago period.

During the first six months of the fiscal, sales bookings grew 2% to Rs 910 crore from Rs 893 crore in a similar period of the preceding year.

Sales volume dropped to 1.33 million sq ft from 1.53 million sq ft, but cost realisation grew 17% to Rs 6,845 from Rs 5,839 per sq ft.

Despite subdued Q1 performances, Q2 sales performances continue to push H1 sales, Puravankara said, adding that the growth momentum would proceed in the second half of this fiscal year.

Sales in the first quarter of this financial year were low due to an unfavourable impact of the Covid-19 pandemic.

On Friday, Puravankara recorded a consolidated net profit at Rs 12.13 crore for the quarter ended September and declared plans to raise Rs 180 crore through the issue of debentures. The firm had registered a net loss of Rs 9.81 crore in the previous year period.

Total income increased to Rs 272.15 crore in the second quarter of the current financial year from Rs 220.07 crore in a similar period of the preceding year.

The board additionally permitted the issue of completely secured, unregistered, rated, non-convertible debentures through private placement. The issue size is Rs 180 crore in one or more tranches.

Managing Director, Puravankara Limited, Ashish R Puravankara, told the media that the residential sector continues to observe strong demand on the back of India's economic recovery post the second wave of the pandemic.

Image Source

Also read: Mindspace REIT reports 6.7% YoY jump in income at Rs 359.20 cr

Real estate company Puravankara Limited's sales bookings increased by 20% to Rs 597 crore during the second quarter of the financial year on higher volumes and cost realisation. In its investor's presentation, the Bengaluru-based company notified that the firm's sales bookings grew to Rs 597 crore during the July-September quarter of 2021-22 fiscal from Rs 495 crore in the previous year. Its sales realisation increased by 11% to Rs 6,556 per sq ft from Rs 5,898 per sq ft. In volume terms, sales bookings rose by 8% to 0.91 million sq ft during the July-September quarter of this financial year from 0.84 million sq ft in the year-ago period. During the first six months of the fiscal, sales bookings grew 2% to Rs 910 crore from Rs 893 crore in a similar period of the preceding year. Sales volume dropped to 1.33 million sq ft from 1.53 million sq ft, but cost realisation grew 17% to Rs 6,845 from Rs 5,839 per sq ft. Despite subdued Q1 performances, Q2 sales performances continue to push H1 sales, Puravankara said, adding that the growth momentum would proceed in the second half of this fiscal year. Sales in the first quarter of this financial year were low due to an unfavourable impact of the Covid-19 pandemic. On Friday, Puravankara recorded a consolidated net profit at Rs 12.13 crore for the quarter ended September and declared plans to raise Rs 180 crore through the issue of debentures. The firm had registered a net loss of Rs 9.81 crore in the previous year period. Total income increased to Rs 272.15 crore in the second quarter of the current financial year from Rs 220.07 crore in a similar period of the preceding year. The board additionally permitted the issue of completely secured, unregistered, rated, non-convertible debentures through private placement. The issue size is Rs 180 crore in one or more tranches. Managing Director, Puravankara Limited, Ashish R Puravankara, told the media that the residential sector continues to observe strong demand on the back of India's economic recovery post the second wave of the pandemic. Image Source Also read: Mindspace REIT reports 6.7% YoY jump in income at Rs 359.20 cr

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..