Puravankara posta net loss of Rs 6.71 crore in Q4 FY24

Puravankarahttps://www.puravankara.com/about-us/  has reported net consolidated loss after tax of Rs 6.71 crore during the quarter ended March 31, 2024. I t had registered profit after tax of rs 26.75 core in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income tood at rs 946.84 crore, a growth of 116.97 prcent from rs 436.39 last year. Ashish Puravankar, managing dircetor of the company said for FY24,we achieved pre-sale of rs5,914 crores, upby 90% yer on year. We launched 12 projects with a saleable area of 9.47 millions sqft. We are happy to announce that we ahve succeddfullu returned investments of IFC and ASK amounting to Rs 410 crores. We have deployed rs 300 crores of land advances from internal accruals and debt. The board of directors have reappointed Anup Sanmukh Shah as a non-executive independent director of the company for a second term of five consecutive years. The board has declared interim dividend of rs 6.30 per equity share and paid during the quarter ended March 31, 2024. Its sales soarded to rs 1,947 crore in Q4 FY24, registering 93 percent year on year growth. Sales volume for the quarter stood at 2.35 millions sqft with a collection of rs 1,094 crore.  Puravankara's net debt stood at rs 2,151 crore, an the net debt-to-equity ratio stood at 1.14 for Q4 FY24. The weighted average cost of debt stood at 11.59% as of March 31, 2024.  

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