Its net revenues for Q3 stood at ₹392.45 crore, an increase of 77 per cent compared to ₹221.34 crore in Q3 FY22.

Puravankara’s Q3 net profit jumps to ₹22.55 crore

PRI ECO GEN NAT.BENGALURU DCM42PuravankaraPuravankara Reports Highest Ever Q3 Sales, Revenue Growth of 67 Percent Amounting to 410 Cr.Bengaluru, Karnataka, India Business Wire India 1. Highest ever sale value of Rs. 796 Cr. for Q3 of any

Puravankara reports highest ever Q3 sales, revenue up 67% amounting 410 cr

For the October -December quarter, Puravankara reported Rs 410 crore in sales, up by 67% in the same period last fiscal. The companys EBITDA stood at Rs. 128 Cr. Up 51% Y-o-Y).

Bengaluru-based real estate firm Puravankara reports net profit of Rs 21 crore

Bengaluru-based real estate firm Puravankara reports net loss of Rs 21 crore

The main sticking point is on the valuations and the quality of the sites from the point of view of steady lease rent cashflows

Puravankara’s talks with private equity investors for commercial assets flounder

Housing demand is facing some resistance in recent months due to higher cost of ownership

Puravankara sees flat QoQ sales growth in October-December

Sales bookings stood at Rs 796 crore in the third quarter of this fiscal as against Rs 666 crore in the year-ago period.

Realty firm Puravankara Q3 sales bookings up 20% to Rs 796 crore; sales up 33pc in April-December to Rs 2100 crore

Realty firm Puravankara Ltd on Monday reported a 20 per cent increase in its sales bookings to Rs 796 crore for the quarter ended December, mainly on higher price realisation.

Puravankara Q3 bookings rise 20% to Rs 796 cr on higher price realisation

Stocks to Watch: In the F&O space, Punjab National Bank (PNB) is the only stock in ban period on Tuesday.

Stocks to Watch: NTPC, LIC Housing, Alembic Pharma, SIS, Gail, Puravankara

“Puravankara and the AIF fund partly acquired the land. The biggest strength of plotted projects is clarity on the title and government-approved developments,” said Abhishek Kapoor, CEO, Puravankara.

Puravankara and Purva Real Estate Fund acquires more than 100 acres of land in Chennai

Listed residential realtors like Godrej Properties, Prestige Estates, Puravankara, Shriram Properties and Tata Realty are expected to clock sales growth of 25% on-year in FY23 and 10-15% on the high base in FY24.

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Puravankara Projects Limited is a real estate company engaged in the development and construction of residential and commercial properties.

Puravankara Ltd