Puravankara’s Q3FY25 pre-sales reach Rs 1,265 crore; customer collections rise 6% YoY to Rs 993 crore

Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s leading real estate developers, has announced its operational updates for the third quarter of FY25, showcasing steady growth.

The company achieved pre-sales of Rs 1,265 crore during Q3FY25, a 2% year-on-year (YoY) increase compared to Rs 1,241 crore in Q3FY24. The sales value for the nine-month period of FY25 stood at Rs 3,724 crore.

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Customer collections in Q3FY25 rose by 6% YoY to Rs 993 crore, compared to Rs 941 crore in the same quarter last year. For the nine-month period ending December 31, 2024, collections reached Rs 2,991 crore, marking a robust 19% YoY growth over Rs 2,515 crore recorded in 9MFY24.

Ashish Puravankara, Managing Director, Puravankara Ltd., attributed the growth in collections to strong operational efficiency. He highlighted the company’s investment of Rs 1,100 crore in land acquisitions this fiscal, targeting a potential Gross Development Value (GDV) of Rs 10,500 crore, including a notable acquisition at Kanakapura Road, Bengaluru.

Key Highlights:

  • Achieved customer collections of Rs 2,991 crore in 9MFY25, up 19% YoY.
  • Quarterly customer collections rose to Rs 993 crore, a 6% YoY increase.
  • Quarterly pre-sales reached Rs 1,265 crore, up 2% YoY.
  • Average price realization improved to Rs 8,848 per sq. ft., up 16% YoY.
  • Significant investment of Rs 1,100 crore in land acquisition for FY25, with a potential GDV of Rs 10,500 crore.
  • Appointment of Mr. Deepak Rastogi as Group CFO, effective January 15, 2025.

Puravankara’s strong performance reflects its commitment to growth and operational excellence in the real estate sector, with a robust pipeline for future developments.