Puravankara reports strong sales and collections in fiscal year 2024-25

Puravankara Limited announced a strong financial performance for fiscal year 2024-25, with gross sales reaching ₹5,006 crore and customer collections increasing by 9% year-on-year to ₹3,937 crore. Average realization improved by 10% to ₹8,830 per square foot, driven by strategic pricing. The company invested ₹1,284 crore in land acquisitions, adding approximately 8 million square feet of developable area with an estimated Gross Development Value (GDV) exceeding ₹13,000 crore.

The company's total income for the year stood at ₹2,093 crore, with an EBITDA margin of 18%. Despite a net loss after tax of ₹186 crore, primarily due to higher input costs and increased land acquisition expenditure, Puravankara delivered 2,510 units, covering over 3.09 million square feet of real estate projects. The company plans to launch 13.55 million square feet across key markets in FY 2025-26.

Puravankara continues to focus on ESG commitments and governance frameworks, aiming for 100% green building certification for future projects and 35% gender diversity by 2030. The company reported 19,682 customer complaints in FY 2024-25, with 61 remaining unresolved, reflecting improved data accuracy and commitment to responsive customer engagement.