Realty company Puravankara announced Q1FY24 results: Sales volume for Q1FY24 stood at 1.36 msft, up by 97% YoY with a strong collection of Rs 696 crore (+52% YoY). Average price realisation increased by 11% to Rs 8,227/sq ft during Q1FY24, up from Rs 7,436/sq ft in Q1FY23. Operating cash inflows stood at Rs 866 crore (+30% YoY) Revenue from projects stood at Rs 323 crore (+50% YoY) EBITDA stood at Rs 75 crore (-46% YoY) Loss of Rs 17 crore as compared to a profit of Rs 35 crore in Q1FY23 Sales value stood at Rs 1,126 crore (+119% YoY) The net debt stood at Rs 2,119 crore and the net debt to equity ratio stood at 1.07 for Q1FY24. Net debt has reduced by 89 crore compared to Q4FY23. Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara, said, “The results for Q1FY24 show a strong start to the new fiscal year. Pre-sales have more than doubled (119% growth YoY) vs Q1FY23. With a robust pipeline of 15 million square feet of new launches this year, we are confident of continuing to drive our pre-sales growth momentum. We are actively pursuing potential acquisitions across regions in all our product categories, in line with our growth plans for the upcoming financial years.” Result PDF