Ashish puravankara, Businessperson

Real estate major Puravankara Limited (BSE: 532891) has achieved its highest-ever sales for the third quarter of any year since its inception by clocking Rs 796 crores in sales as per its operational update. This is an increase of 20 per cent compared to Rs 666 crores recorded in Q3FY22. For the 9 months ending December 2022, the company has recorded Rs 2,100 crores in sale value, an increase of 33 per cent compared to a similar period last year. This is another record, the highest value recorded for the 9-month period since inception. The jump in sales was achieved along with a consistent increase in average price realisation. The average price realisation of Rs 7,767/sq ft during Q3FY23 went up by 15 per cent compared to the average price realisation in Q3FY22. This impressive increase in sales is accompanied by an equally impressive rise in customer collections from the real estate business, which increased to Rs. 621 Crore in Q3FY23 compared to the customer collections of Rs 344 Crore in Q3FY22. This implies a whopping jump of 80 per cent. The company is on track to meet its launch target of over 15 million sq ft by the end of this financial year. The net debt continues to be similar to the previous quarter. "The Indian economy continues to be one of the fastest-growing economies in the world. In the past few quarters, real estate maintained positive momentum in India and remains a preferred investment avenue amidst market volatility. Rapid infrastructure development and the return-to-office trend will continue to spur positive momentum in the sector," said Ashish Puravankara, Managing Director, Puravankara Limited.Highlights: Quarterly Performance Summary:This story is provided by BusinessWire India.will not be responsible in any way for the content of this article. (ANI/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Ashish PuravankaraFOLLOW

Ashish puravankara, Latest News

Business :Puravankara displays strong performance in Q1, records Rs 1,126 crores in sale value

BusinessWire India Bengaluru (Karnataka) [India], July 6: Puravankara Limited (BSE:532891), one of India's most trusted and admired real estate ... ...

Business :Puravankara Clocks Rs. 3,107 Crore in Sales for FY23, 29 Percent Increase in Revenue

BusinessWire India Bengaluru (Karnataka) [India], May 26: Puravankara Limited (BSE:532891), one of India's most trusted real estate players, announced ... ...

Business :Puravankara achieves highest-ever annual and quarterly sales, Records Rs 3,107 Cr sale value for FY23

Bengaluru (Karnataka) [India], April 12 (/BusinessWire India): Real estate major Puravankara Limited (BSE: 532891) on Wednesday announced that it ... ...

Business :Ravi Puravankara recognised with the Lifetime Achievement Award at CREDAI CARE 2023

Bengaluru (Karnataka) [India], March 25 (/BusinessWire India): Puravankara Limited, BSE:532891, one of the most trusted and admired real estate ... ...

Business :Puravankara reports highest ever Q3 Sales, Revenue growth of 67 per cent amounting to 410 cr.

Puravankara Limited, one of India's most trusted real estate players, announced its financial results today for the third quarter (Q3FY23) ending December 31, 2022. ...

Business :Puravankara clocks sales of 796 crores in Q3 FY23, Records 80 per cent jump in collections

Real estate major Puravankara Limited (BSE: 532891) has achieved its highest-ever sales for the third quarter of any year since its inception by clocking Rs 796 crores in sales as per its operational update. This is an increase of 20 per cent compare ...