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Puravankara Q3 profit up 6 pc at Rs 27 cr

Press Trust of India  |  New Delhi 

Bengaluru-based realty firm Friday reported a 6 per cent increase in consolidated net profit at Rs 27.18 crore for the third quarter of this fiscal.

Its net profit stood at Rs 25.64 crore in the year-ago period, the company said in a regulatory filing.

Total income rose 24 per cent to Rs 565.66 crore during October-December 2018 from Rs 454.90 crore in the corresponding period of the previous year.

The company's MD said: "The company continues to deliver a steady performance, with a strong focus on execution, sales and collections across both ongoing and ready-to-move-in projects. Regular sales acceleration from the bucket of ready stock are up yet again, and this inventory is lower for the fifth quarter running."

"Following the successful launches over the last few quarters, with new launch sales of over 1,615 homes and 1.35 million sq ft, we are excited not only about the 5 new immediate launches (2.2 million sq ft) to be opened for booking before March 2019, but also a blockbuster FY20 with 5-6 million sq ft of new launches planned to be opened for sale, across our key focus markets," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 08 2019. 21:05 IST