Puravankara reports highest-ever collection for 9MFY24 and Q3FY24; Rs 3,967 cr pre-sales for 9MFY24, up 89% YoY 

New Delhi: Puravankara Limited, has recorded 9MFY24 sales value of Rs 3,967 crores, an increase of 89 per cent compared to Rs 2,100 crores in 9MFY23. Customer collections increased to Rs 2,515 crores compared to Rs 1,597 crores in 9MFY23, a jump of 57 per cent Y-o-Y.

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, “The first nine months of FY24 has seen exceptional pre-sales, marking a strong growth of 89 per cent Y-o-Y. 

Achieving our highest-ever collection of Rs 2,515 crores for 9MFY24 and Rs 941 crores for Q3FY24 is a testament to our significant progress in construction while affirming our commitment to excellence in quality.

The successful launch of two new projects and a promising pipeline of upcoming launches shows our confidence in sustaining this positive momentum. Our focus on efficiency and prompt execution has contributed to these impressive pre-sales and collection numbers.”

Key Sales Highlights 

• Achieved sales value of Rs 3,967 crores in 9MFY24. Up by 89 per cent when compared to Rs 2,100 crores in 9MFY23.

• Achieved sales value of Rs 1,241 crore for Q3FY24. Up by 56 per cent compared to Rs 796 crores in Q3FY23.

• Customer collection for 9MFY24 increased to Rs 2,515 crores compared to Rs 1,597 crores in 9MFY23, up by 57 per cent. 

• Achieved highest-ever customer collections from the real estate business, which increased to Rs 941 crores in Q3FY24 compared to Rs 621 crores in Q3FY23, up by 52 per cent y-o-y. 
• Average price realisation decreased by 2 per cent to Rs 7,610/sft during Q3FY24 from Rs 7,767/sft in Q3FY23. This is attributed to an inventory mix between Purva, Provident Housing and Purva Land brands.

• We have launched two new projects in this quarter:

9 Months Performance Summary:

Quarterly Performance Summary: