Puravankara’s shares fall 20% this week post mixed Q3FY25 performance

Shares of Puravankara Ltd fell 20.16% this week, closing at ₹277.10 as of Friday, January 24, 2025. The stock saw a significant decline after reporting mixed results for the December quarter.

Key financial highlights:

  • Collections: ₹993 crore, up 6% YoY from ₹941 crore in Q3FY24.
  • Sales: ₹1,265 crore, a modest 2% YoY growth from ₹1,241 crore in Q3FY24.
  • Average price realisation: ₹8,848 per sqft, up 16% YoY compared to ₹7,621 per sqft.
  • Nine-month collections (9MFY25): ₹2,991 crore, a 19% increase from ₹2,515 crore in 9MFY24.

Puravankara invested ₹1,100 crore in land acquisitions in FY25, securing a potential Gross Development Value (GDV) of ₹10,500 crore. The latest acquisition on Kanakapura Road in Bengaluru highlights the company’s growth strategy.

Industry highlights:

  • $11.4 billion in foreign equity investments in Indian real estate in 2024.
  • Over 70 million square feet of office space absorbed in key cities due to expansion of global capability centres (GCCs).

Puravankara Share Price history

Day Open Close Change %
Fri, Jan 24 2025
₹276.60
₹277.10
-3.97%
Thu, Jan 23 2025
₹306.00
₹288.55
-9.70%
Wed, Jan 22 2025
₹335.25
₹319.55
-4.07%
Tue, Jan 21 2025
₹350.00
₹333.10
-4.83%
Mon, Jan 20 2025
₹354.90
₹350.00
+0.59%
Fri, Jan 17 2025
₹347.75
₹347.95
+0.06%
Thu, Jan 16 2025
₹340.55
₹347.75
+2.17%
Wed, Jan 15 2025
₹352.00
₹340.35
-0.03%

 

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