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Puravankara Limited Zoomed Over 3% After Releasing Q4 FY2024 Business Update

05 April 20243 mins read by Angel One
The real estate developer Puravankara Ltd achieved the highest-ever quarterly and annual sales during the last quarter and FY 2024.
Puravankara Limited Zoomed Over 3% After Releasing Q4 FY2024 Business Update
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On April 05, 2025, Puravankara Limited, in an exchange filing, announced its operational performance for the quarter ended March 31, 2024 (Q4 FY2024). The company posted the highest-ever quarterly sales value of ₹1,947 crore for Q4 FY2024, reflecting a rise of 93% against the sales of ₹1,007 crore in Q4 FY2023. During FY2024, Puravankara also recorded a growth of 90% in sales to ₹5,914 crores as compared to ₹3,107 crores in FY23. The FY 2024 sales have been the company’s highest-ever sales in its history.

During FY2024, the company achieved the highest-ever annual customer collections from the real estate business, ₹3,609 crore, against ₹2,258 crore in FY23, reflecting a 60% YoY growth. In addition, the average price realisation rose by 2% to ₹7,916/sft during FY24 from ₹7,768/sft in FY23. This was supported by an inventory mix between the Purva, Provident Housing, and Purva Land brands.

The following table showcases the company’s performance based on booking:

Based on bookings FY24 FY23 YoY
Volumes (in msft) 7.35 4.00 84%
Value (in ₹ crore) 5,914 3,107 90%
Realisation (in ₹/ sft) 7,916 7,768 2%

“Puravankara Limited has achieved a significant milestone by surpassing ₹5,900 crore in sales, showcasing our customer-centric ethos and focus on quality. We are also thrilled to announce our highest-ever collection of ₹3,609 crores for FY24. This reflects our steadfast dedication to operations and delivery, ensuring significant construction progress. It is also a testimony to customers’ increasing trust in the brand Puravankara, “ said Ashish Puravankara, Managing Director, Puravankara Ltd.

He further added, “With successful new launches and an optimistic outlook for upcoming projects, we are now focused on replenishing our inventory with new land acquisitions. We stay committed to building international quality products, keeping the customer at the centre of our strategy.”

About Puravankara Ltd

Puravankara Ltd is engaged in the development and sale of real estate. The company’s projects are located in Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa. On April 05, 2024, the shares of the company opened at ₹242.95 and touched the day high of ₹243.85 at 10:04 AM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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