Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Puravankara Ltd announces Q4, FY19 results

Posted On: 2019-05-19 11:42:37

Consolidated Financial Performance (As per IND-AS 115) for the quarter ended 31st March 2019

- Revenues at INR 667 crores; up 106% YoY
- EBITDA at INR 156 crores, up 63% YoY
- Profit before Tax (PBT) at INR 63 crores, up 126% YoY
- Profit after Tax (PAT) at INR 39 crores; up 58% YoY

Consolidated Financial Performance (As per IND-AS 115) for the FY19 year ended 31st March 2019

- Revenues at INR 2,127 crores; up 41% YoY
- EBITDA at INR 517 crores, up 30% YoY
- Profit before Tax (PBT) at INR 173 crores, up 32% YoY
- Profit after Tax (PAT) at INR 114 crores; up 25% YoY

Commenting on the company's performance, Mr. Ashish R Puravankara, Managing Director, Puravankara Limited, said, "FY19 ends on a positive note for us as we continue our momentum and stay on the path of gaining market share, and hence strong and sustainable growth.

This fiscal year witnessed an increase in sales of almost 25% YoY with total sales booking of 3429 units, which equates to more than 1.5 homes for every working hour of the year. With a strong focus on growth, Puravankara has seen its sales grow at almost 30% compounded annual growth rate over the last 4 years, indicating the strength of our product, distribution abilities and customer centricity. This is a proof of the strong latent demand for the right product at the right price, which we have leveraged with our domain expertise and strategy.

In a little over a decade since the inception of Provident, our premium affordable housing brand, the growth has been fueled by the robust performance of value-for-money housing, both in terms of units sold and realization. These ten years have been a steep learning curve, and today we are forerunners in the premium affordable home business with deep insights into customer delight. In line with market trends, Provident, which contributed 58% of sales by value in FY19, will be the accelerator for our business, and give it the ability to replicate year on year growth.

We reiterate our excitement for a blockbuster FY20 with over 8 Msft of new launches being rolled out. We begin the new year on a strong foothold with our re-entry into Mumbai and further expansion in the gateway cities of south and west India."

In Q4FY19 the group sold almost 13 units daily or 1.23 Msft., with sales booking valued at INR 726 crores against 0.63 Msft valued at Rs 369 crores in Q3FY19.

In FY19 the Group sold 3,429 units or 3.56 Msft and witnessed a total booking value of INR 2,098 crores, as compared to 2,781 units or 3.25 Msft for total sales booking value of INR 1,881 crores in FY18.

Sales of ready-to-move-in inventory grew to 31% of total sales in Q4FY19 - the quarter witnessed a sale booking value of INR 227 crores of ready-to-move in inventory, and booking volume of 366 units, as compared to a sale booking value of INR 115 crores and booking volume of 185 units in Q4FY18 for ready-to-move in inventory, up 97% YoY.

Shares of Puravankara Ltd was last trading in BSE at Rs.67.75 as compared to the previous close of Rs. 68.05. The total number of shares traded during the day was 2004 in over 69 trades.

The stock hit an intraday high of Rs. 68.5 and intraday low of 67.25. The net turnover during the day was Rs. 135848.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Spirit of Wipro Run Brings Together Participants from 110 Cities Across 34 Nations

Cigniti Technologies Ltd bags 'Corporate Leader of the Year' award at I-ACE awards

Thyrocare Technologies Ltd updates on stake sale in Nueclear Healthcare Ltd

Thomas Cook India, a separate entity and Thomas Cook UK has no stake in India Company

Shri P Jayarama Bhat elected as the Chairman of the governing board of SIBSTC, Bengaluru

Bricwork revises credit rating of Edelweiss Financial Services' NCDs

Capital India Finance Ltd acquires stae in Rapipay Fintech Holding Pvt Ltd

Ravindra Energy Ltd bags contract

Bank of Maharashtra and Paisalo Digital Limited sign Co-Origination of Loan Agreement

Shilpa Medicare Ltd gets shareholders nod for final dividend

Fredun Pharmaceuticals Ltd receives award from Saraswat Co-Operative Bank Ltd

Jump Networks Ltd inks agreement to become the principal sponsor of The Forca Goa Foundation

Sundaram-Clayton Ltd board to approve quarterly results on Oct 18, 2019

Filatex India Ltd updates on expansion project

Karnataka Bank wins ET BUSINESS EXCELLENCE AWARD 2019

Biocon Ltd updates on pre-approval inspection by US FDA

Dhunseri Ventures Limited updates on ratings

Wanbury Ltd approves debt settlement and fund raising through brand sale

ICRA updates on Canara Bank's Basel III compliant Tier II bonds

Commercial Engineers & Body Builders Co Ltd to form JV

GOCL Corporation Ltd board to consider special interim dividend on Sep 27, 2019

Adani Group recognised as the best coal service provider at Mjunction awards

W S Industries India Ltd board approves roll over of preference shares

TVS Motor Company Ltd board to announce Q2, H1 results on Oct 17, 2019

Asian Granito in Fortune India's List as one of The Next Fortune 500 companies

Pantaloons Celebrates the Pujo Rockstars this Pujo with its new campaign

Indian Overseas Bank celebrates Hindi Month - 2019

Alkem Laboratories Ltd acquires undertaking from subsidiary

Sakthi Sugars Ltd agrees for OTS with Bank of India

Pidilite Industries Ltd forms subsidiary

Corporate Tax reduction - Mr. Kamlesh Patel, Chairman and Managing Director - Asian Granito India Ltd

Seamec Ltd announces extension of long term charter for SEAMEC II with HAL Offshore Ltd

Nippon Express to Acquire 22% Stake in Future Supply Chain Solutions Ltd

Hexaware's Salesforce practice has been awarded Gold Consulting Partner status

Lupin receives sANDA approval from U.S. FDA for Levothyroxine Sodium Tablets USP to be considered AB rated to Reference Listed Drug, UNITHROID®

USFDA approval for Unichem Laboratories Ltd's plant at Kolhapur

Zensar Recognized in the 2019 Gartner Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, North America

Asian Paints launches 'AP Homes' in Bengaluru, its state-of-the-art multi-category décor showroom

Allahabad Bank Introduces External Benchmark Linked Loans under Retail and Micro & Small Enterprises

IndiGo inaugurates flights between India and Myanmar

Strides Board approves incremental investments in Stelis

Himatsingka Seide Ltd board approves investment of Rs. 17.34 crore in wind power SPVs

AXIS Bank Ltd board to consider Q2 results on Oct 21, 2019

Bingo! Pujo Tadka enlivens the festive spirit of Durga Pujo

Just Launched: Official App for TCS Lidingöloppet 2019 Packed with Exciting New Features

Raksha Mantri inaugurates Engineers Conclave (2019), Product Development & Innovation Centre of BEL

Redington offering the latest products from Apple, including iPhone 11 Pro and iPhone 11 Pro Max

Dilip Buildcon Ltd completes road project in Punjab

Anuh Pharma Ltd successfully completes USFDA inspection

Bajaj Electricals Limited receives 2019 ASCM Corporate Award of Excellence for Advance Supply Chain Industry







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019