Puravankara Records Pre-sales of Rs 12.65 Bn in Q3 FY25

14 Jan 2025 CW Team

Puravankara reported pre-sales of Rs 12.65 billion for the third quarter of the financial year 2024-25, marking a 2% increase from Rs 12.41 billion in Q3 FY24.

Collections for Q3 FY25 reached Rs 9.93 billion, reflecting a 6% year-on-year growth from Rs 9.41 billion in the same period last year.

For the first nine months of FY25, collections rose to Rs 29.91 billion, a 19 per cent increase from Rs 25.15 billion during the same period in FY24. Additionally, the company achieved a sale value of Rs 37.24 billion in 9M FY25.

Ashish Puravankara, the managing director of the company, shared that in alignment with the company's acquisition strategy and growth plans for the current and upcoming fiscal years, they had invested approximately Rs 11 billion in this fiscal, contributing a potential GDV of around Rs 105 billion. This included their latest acquisition on Kanakapura Road in Bengaluru.

In Q3 FY25, the average price realization increased to Rs 8,848 per sq ft, a 16% rise from Rs 7,621 per sq ft in Q3 FY24.

The company also appointed Deepak Rastogi as the Group CFO and key managerial personnel, effective January 15, 2025.

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