DISCLAIMER
All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.
 
The imagery used on the website and brochures are indicative of style only. Photographs of interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.
 
Changes may be made during the development of a real estate project and standard fittings and specifications are subject to change without notice. Standard fittings and finishes are subject to availability and vendor discretion. Fittings, finishes and fixtures shown in the images contained in this brochure are not standard and will not be provided as part of an apartment. The information contained herein is believed to be correct but is not guaranteed. Prospective purchasers should make and must rely on their own enquiries. The colours of the buildings are indicative only. This website and all brochures are a guide only and do not constitute an offer or contract.

Call us: 1860 208 0000
Existing Customer Call us : +91-80-67724001 / 1-860-208-0000
PURAVANKARA PROJECTS LIMITED ANNOUNCES AUDITED FINANCIAL RESULTS FOR Q1FY 2010 – 2011

Bangalore: Puravankara Projects Limited, a leading real estate company engaged primarily in the construction and development of residential and commercial projects, today announced its audited financial results for the quarter ended June 30, 2010 at its Board Meeting held in Bangalore.

Puravankara recorded Revenues of INR 116.30 Crores and Profit after Tax of INR 36.7 Crores for the quarter ended 30th June 2010

Compared to last financial year same period, the revenues and profit after tax have shown an increment of 42.92 percent and 31.55 percent respectively.

The boost in the margins in the current quarter is due to a rise in the prices of homes sold and lowering of the estimated costs of construction for some projects. The consolidated net profits include a modest contribution towards the revenue from their subsidiary, Provident Housing Limited, which is expected to rise significantly in the next few quarters.

The company is poised to expand their business operations to newer markets for both brands, Puravankara as well as Provident.

The area currently under development by the Puravankara Group is 20.25 million sq. ft. with projects spread across Bangalore, Chennai, Kochi and Kolkata. Presently there are 14 on-going residential projects and 2 commercial projects.

The Group’s relatively strong financial position and liquidity is underlined by its comfortable debt to equity ratio of 0.57 and a relatively modest net debt of INR 861.20 crores as on 30th June 2010.

Commenting on the business, Mr. Ravi Puravankara, Chairman and Managing Director, said “The signs of positivity in our economy has brought about rapid progress and growth in India and with the industrial output climbing every day driven by strong consumer demand, Puravankara is well poised to benefit from this economic upswing and create value with our residential centric business model. We believe in value engineering as it is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. Puravankara’s track record and experience in Indian housing along with this concept will ensure that we give back to the society and urge the community to practice value measures.

At this time, the customer is looking for value for money, and we have realigned our sales and marketing focus to meet the emerging opportunities, both at the strategic as well as tactical level. To do this, we have initiated several proactive measures to target this audience and invigorate sales through adopting ‘next practices’ in marketing, varying product mix, designing customized offerings.

for institutional sales, enhancing both the width and depth of customer reach and capitalizing on land banks where new projects are now being planned.

On the expenditure front, several measures like cost reduction, process improvements, inventory control etc have been effectively implemented and this has resulted in a leaner and more efficient internal ecosystem.

We have a well chalked out strategy for the ensuing fiscal and plan to increase the product mix as I believe that customer focus, through steady and innovative quality improvements resulting in a niche product of world class standards, will lead us to the next level”.

Disclaimer:- The imagery used in the website is indicative of style only. The photographs of the interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.

Yes, I am interested in Purva Projects

I hereby authorize Puravankara Projects to contact me. It will override my registry on the NCPR.

By providing your contact details you have expressly authorized PPL to contact you in future through calls /SMS and inform you about our products