Puravankara Ltd Reports Rs 68.55 Cr Loss
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Puravankara Ltd posts Rs 68.55 crore net loss in June quarter due to lower income. Sales bookings rise 6% to Rs 1,124 crore.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Aug 11 (PTI) Realty firm Puravankara Ltd has posted a consolidated net loss of Rs 68.55 crore in the latest quarter ended June due to lower income.
Its net profit stood at Rs 14.78 crore in the year-ago period.
Total income declined to Rs 538.64 crore during April-June period of this fiscal from Rs 675.55 crore in the corresponding period of the preceding year, according to a recent regulatory filing.
Total expenses declined to Rs 628.76 crore from Rs 654.41 crore.
On operational performance, Bengaluru-based company has reported a 6 per cent growth in sales bookings to Rs 1,124 crore in the first quarter of this fiscal from Rs 1,064 crore in the year-ago period.
Sales volume declined marginally to 1.25 million sq ft from 1.29 million sq ft, but average realisation rose 9 per cent to Rs 8,988 per sq ft.
Puravankara Ltd is one of the leading real estate firms in the country.
Its net profit stood at Rs 14.78 crore in the year-ago period.
Total income declined to Rs 538.64 crore during April-June period of this fiscal from Rs 675.55 crore in the corresponding period of the preceding year, according to a recent regulatory filing.
Total expenses declined to Rs 628.76 crore from Rs 654.41 crore.
On operational performance, Bengaluru-based company has reported a 6 per cent growth in sales bookings to Rs 1,124 crore in the first quarter of this fiscal from Rs 1,064 crore in the year-ago period.
Sales volume declined marginally to 1.25 million sq ft from 1.29 million sq ft, but average realisation rose 9 per cent to Rs 8,988 per sq ft.
Puravankara Ltd is one of the leading real estate firms in the country.
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