Conference Call with Puravankara Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Realty company Puravankara announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from projects stood at Rs 520 crore. EBITDA Margin stood at 28% Area sold stood at 1.53 msft. Sales value stood at Rs 1,331 crore. Sales realisation stood at Rs 8,697/sft. H1FY25 Financial Highlights: Total Revenue stood at Rs 1,195 crore. EBITDA Margin stood at 24%. Loss stood at Rs 5 crore. Area sold stood at 2.84 msft. Sales value stood at Rs 2,459 crore. Sales realisation stood at Rs 8,658/sft. Ashish Puravankara, Managing Director, Puravankara, said: “The company has made sizeable investments of Rs 945 crore in land acquisition, with a potential GDV of Rs 9,700 crore from 5.8 msft of new acquisitions. Increased sustenance sales for H1FY25 of 14%YoY, along with increased price realisation in Q2FY25 for Purva by 17% and Provident by 15% YoY, showcases the strength of the brand along with customer appreciation of product quality and service. Operational efficiencies are visible through our increased customer collections amounting to Rs 1,999 crore for H1FY25, an increase of 27% YoY. In the coming two quarters, the company is focused on new launches amounting to around 12.27 msft with a potential GDV of around Rs 13,625 crore and project deliveries for the remaining two quarters.” Result PDF