Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Puravankara Ltd reports Q2, H1 FY2019-20 results

Posted On: 2019-11-07 21:37:23

Consolidated Financial Performance (As per IND-AS 115) for the quarter ended 30th September 2019

- Revenues for the quarter were at INR 624 crores; up 25% YoY
- EBITDA grew at 19% YoY to INR 133 crores
- EBITDA margin was reported at 21.31%
- Profit before Tax (PBT) during the quarter was INR 43 crores; up 29% YoY
- Profit after Tax (PAT) stood at INR 27 crores; up 27% YoY

Consolidated Financial Performance (As per IND-AS 115) for the half year ended 30th September 2019

- Revenues for H1FY20 stood at INR 1,269 crores; up 42% YoY
- EBITDA grew at 34% YoY to INR 293 crores
- EBITDA margin was reported at 23%
- Profit before Tax (PBT) during the half year was INR 107 crores; up 57% YoY
- Profit after Tax (PAT) stood at INR 76 crores; up 58% YoY

Cash Flows

Collections for the quarter ended September 30,2019, were INR 421 crores; up 29% YoY.

The balance collections from sold units in all launched projects stands at INR 2,005 crores as of September 30, 2019 and relates favourably against the balance cost to go of INR 1,944 crores. Combined with the unsold receivables from launched projects of INR 4,156 crores, the projected operating surplus of INR 4,218 era res on the launched portfolio compares favourably against the current outstanding net debt of INR 2,614 era res as on September 30, 2019.


The Debt-Equity Ratio has come down to 1.38 as compared to 1.42 in the previous quarter.

The weighted average cost of debt is 11.65 % as of September 30, 2019.

Commenting on the company's performance, Mr. Ashish R Puravankara, Managing Director, Puravankara Limited, said, 'The current exigencies have exerted pressures on the business environment of the real estate sector. But this quarter too we have kept our momentum of robust sales and cash flow.

At the end of HI of FY20, the sales of ready-to-move-in inventory have almost doubled YoY, proving that our lase red focus on this segment is reaping benefits. The trend that started a few quarters ago, where there was a shift of customer preference from under construction projects to ready-to-move-in inventories continue to increase every quarter.

Q2FY20 has seen positive operating cash flows, up by 45% YoY, and we have reduced our debt by INR 95 crores during the half year ended September, 2019.

This quarter too, our focal points remain to develop unique and high-quality products, strengthen our execution capabilities and provide excellent customer experience. 'Customer centricity' has and will remain ingrained in our DNA, and product offerings in both Puravankara and Provident will continuously innovate to bring customer delight.

With strong cashflows and reduced debt we are gearing for new launches especially in the Western regions; we look forward to the coming quarters with vitality and enthusiasm."

Operational Highlights for Q2FY20 & H1FY20

The group sold 617 units during the quarter and 1,255 units during the first half of FY20. We are pleased to say that more than half of the sales came from ready-to-move-in inventory, which has doubled from the corresponding periods last year. We intend to keep this momentum of ready-to-move inventory sales at high levels.

Brand Puravankara's Ready-to-move-in inventory sales has doubled during the quarter and first half of the year with a total booking value of INR 178 crores during the quarter, up 110% YoY and INR 358 crores during H1FY20, up 142% YoY.

Shares of Puravankara Ltd was last trading in BSE at Rs.65.9 as compared to the previous close of Rs. 64.4. The total number of shares traded during the day was 37767 in over 361 trades.

The stock hit an intraday high of Rs. 70.05 and intraday low of 65. The net turnover during the day was Rs. 2550550.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

CarDekho delivers 92% growth in H1 2019-20

Bajaj Finserv offers lucrative deals on Vivo smartphones

South Indian Bank Ltd revises MCLR from Nov 20, 2019

Tata Chemicals tops 6th edition of ET Edge - Futurescape Responsible Business Rankings 2019 unveiled at Economic Times - SDG Impact Summit

RBI imposes penalty of Rs. 2.50 crores on Bank of Baroda

Alkyl Amines Chemicals Limited has sold its stake in Diamines and Chemicals Ltd

Appirio, MuleSoft Partner to Provide Digital Transformation Solutions

TCS and Govt of Karnataka Rural IT Quiz: Government Excellence School, Dewas, Madhya Pradesh wins National Finals

Infosys Foundation India International Challenge 2019 to host 250 players from 13 countries

Chembond Chemicals Ltd to list in NSE on Nov 20, 2019

Hexaware Developers Win Big at Automation Anywhere's Virtual Bot Games

Lupin launches generic KCl for Oral Solution USP, 20 mEq

Virgin Atlantic Expands Technology Partnership with TCS to Further Enhance Customer Experience

Intellect SEEC powers KSKJ Life with the implementation of AI-powered, cloud-native Fraternal Suite

Birlasoft recognized with 'Companies with Great Managers™' Award

Bharti Airtel announces increase in price from December 2019

Thomas Cook India introduces India's First 'Easy Payment Plan' for Holidays

Maruti Suzuki S-PRESSO debuts as one of India's top 10 bestselling cars within a month of its launch

Dilip Buildcon Ltd declared L1 bidder by Northern Coalfields Ltd

V2 Retail Ltd opens new retail store at Angul Town

Accelya announces acquisition by Vista Equity Partners

Panacea Biotec announces key managerial appointments

Vodafone Idea to increase tariffs effective 1 December 2019

Newgen Positioned as a Challenger in Magic Quadrant for Content Services Platforms by Gartner

YES Bank acquires 20.61% stake in Tulip Star Hotels Ltd

Kiran Mazumdar-Shaw Conferred with Lifetime Achievement Award by Indian Council of Medical Research

Prestige Estates Subsidiary has acquired equity stake in DB (BKC) Realtors Private Limited

Allied Digital Services Limited bags Smart City Project in Aurangabad, Maharashtra

Vishal Fabrics Reported an all-round performance for Q2FY20

TCS Launches Microsoft Business Unit to Help Enterprises Accelerate their Business 4.0™ Transformation Journeys

Tata Communications provides Visteon with a fully managed software-defined wide-area network

Super Crop Safe Limited announces Financial Results for Q2FY20

Pidilite Industries Ltd appoints Mr. Pradip Menon as CFO

Accelya Solutions India Ltd's holding company to be sold

Brickwork downgrades CRNCPS rating of Zee Entertainment Enterprises Ltd

Order of the Rising Sun, Gold and Silver Star by Japanese Prime Minister to Dr Jyotsna Suri, Director

Intellect collaborates with Cambridge Judge Business School for a prestigious Executive Leadership Programme on Digital Transformation

Zydus announces second Phase 3 trial of Desidustat

BHEL commissions 14 Pumping Units of Kaleshwaram Lift Irrigation Scheme in Telangana in a record period of six months

Indian Metals and Ferro Alloys Ltd gets approval for expansion proposal

ICICI Lombard and Fino Payments Bank aim deeper insurance penetration with innovative and affordable insurance products

Mindtree Appraised at CMMI V2.0 Level 5 for Capabilities in Product Development and Services

HCC reports Topline of Rs.988 cr in Q2

The Waterbase Limited announces Q2 FY20 Results

Balkrishna Industries Ltd board declares 2nd interim dividend of Rs. 2 for 2019-20

The Indian Wood Product Co. Limited to shift production from Kundli Unit to Jammu & Kashmir and Bareilly Unit

Glenmark's consolidated revenue rises 9.05% to Rs. 28,150.4 Mn. in Q2 FY 2019-20

Polyplex Corporation Ltd board approves interim dividend of Rs. 11 for 2019-20

Page Industries Ltd board approves interim dividend of Rs. 52 for 2019-20

Saurashtra Cement Ltd board approves interim dividend of Rs. 0.75 for FY20

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

disclaimer copyright © 2005 - 2019