Puravankara Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Puravankara Ltd reported a 35.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 43.9%.
- Its expenses for the quarter were down by 15.2% QoQ and 7.3% YoY.
- The net profit increased 443.0% QoQ and decreased 219.1% YoY.
- The earnings per share (EPS) of Puravankara Ltd declined at 3.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 334.20 | 519.68 | 595.88 | -35.7% | -43.9% |
Total Expenses | 451.23 | 532.33 | 486.58 | -15.2% | -7.3% |
Profit Before Tax | -116.28 | -12.65 | 109.30 | 819.2% | -206.4% |
Tax | -25.62 | 12.28 | 28.50 | -308.6% | -189.9% |
Profit After Tax | -92.64 | -17.06 | 77.79 | 443.0% | -219.1% |
Earnings Per Share | -3.90 | -0.70 | 3.30 | 457.1% | -218.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Puravankara Ltd is a prominent player in the real estate industry, primarily engaged in the development of residential and commercial projects. Known for its focus on quality construction and timely delivery, Puravankara has carved a niche in the Indian real estate market. The company offers a range of projects catering to the premium and luxury segments through its flagship brand Puravankara and its value housing segment through Provident. The company has a significant presence in major Indian cities and continues to explore opportunities for expansion. As of the latest updates, no specific recent major developments are available for Puravankara Ltd.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Puravankara Ltd reported a total income of ₹334.20 crores. This reflects a significant decrease of 35.7% quarter-over-quarter from ₹519.68 crores recorded in the second quarter of fiscal year 2025 (Q2FY25). Year-over-year, the total income saw a decline of 43.9% from ₹595.88 crores reported in the third quarter of fiscal year 2024 (Q3FY24). This notable reduction in revenue indicates a challenging quarter for the company in terms of sales and income generation.
Profitability
The profitability metrics for Puravankara Ltd in Q3FY25 reveal a challenging financial performance. The company recorded a profit before tax (PBT) of -₹116.28 crores, which shows a significant deterioration from -₹12.65 crores in Q2FY25, marking an 819.2% increase in losses quarter-over-quarter. Compared to Q3FY24, where the PBT was ₹109.30 crores, the year-over-year change is a decline of 206.4%. The tax component also reflects a reversal, with a tax credit of -₹25.62 crores in Q3FY25 compared to a tax expense of ₹12.28 crores in Q2FY25 and ₹28.50 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 stood at -₹92.64 crores, down from -₹17.06 crores in Q2FY25 and ₹77.79 crores in Q3FY24, reflecting a quarter-over-quarter change of 443.0% and a year-over-year change of -219.1%. The earnings per share (EPS) for Q3FY25 is -₹3.90, a decline from -₹0.70 in the previous quarter and ₹3.30 in the same quarter last year.
Operating Metrics
The operational metrics of Puravankara Ltd for Q3FY25 highlight key financial figures that underscore the company's current financial position. Total expenses for the quarter were ₹451.23 crores, which is a decrease of 15.2% from ₹532.33 crores in Q2FY25, and a 7.3% decrease from ₹486.58 crores in Q3FY24. The reduction in expenses quarter-over-quarter could suggest efforts in cost management amid declining revenues. The company's earnings per share (EPS) for the quarter is -₹3.90, showing a significant decline from -₹0.70 in the previous quarter and ₹3.30 in the same quarter last year. These figures reflect the company's operational challenges and its impact on shareholder returns during this period.
