File picture: Ashish Puravankara, Managing Director, Puravankara Ltd
| Photo Credit:
Kesavan A N 1612@Chennai
Bengaluru-based real estate major Puravankara Ltd recorded a consolidated net loss of ₹85.82 crore for the fourth quarter of FY25, a 13 times year-on-year (y-o-y) increase in loss, compared to ₹6.59 crores in Q4FY24 . The company’s revenue from operations for the quarter stood at ₹541.57 crore, down 41 per cent from ₹919.97 crore in Q4 last year.
The company posted a sales value of ₹1,282 crore, with a total volume of 1.42 million sqft in the same quarter. Collections for Q4 stood at ₹946 crore.
Ashish Puravankara, Managing Director, Puravankara Ltd, said, “We have entered our Golden Jubilee year with a clear focus on growth, backed by bold investments and disciplined execution. FY25 saw record sustenance sales, and our western India investments are now poised to come to market. We are also actively pursuing several major redevelopment projects. With over 13.5 million sq. ft. in the pipeline group-wide, and key approvals in place, we are optimistic about delivering long-term value to all stakeholders, while reinforcing our legacy of trust and innovation.”
Meanwhile, for the full financial year, net loss surged to ₹179.88 crore, compared to a loss of ₹42.26 crore in the previous fiscal. Annual revenue from operations stood at ₹2,013.61 crore, down 7.9 per cent compared to FY24.
In FY25, Purvankara saw maximum sales in Bengaluru, accounting for 56 per cent of the total sales value. Chennai and Kochi followed with 17 per cent and 8 per cent, respectively.
Among the firm’s sub-brands, Purva Land fared the worst, with an 89 per cent year-on-year decline in sales value in FY25, while Provident Housing saw a 27 per cent decline. Purva, the company’s flagship brand, recorded a 14 per cent decline.
On Friday, Purvankara’s shares closed at ₹264.30 on BSE, up 2.58 per cent from the previous day’s close.
Published on May 30, 2025
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