Purvankara has recorded net consolidated profit after tax of Rs 26.75 cr during the quarter ended March 31, 2023. It had registered net consolidated loss after tax of Rs 20.06 crore in the corresponding quarter of the previous fiscal.
The company’s net consolidated total income stood at Rs 446.39 cr in Q4 FY23, a growth of 39.44 per cent from Rs 320.12 crore it recorded in the similar quarter last year.
Ashish Purvankara, Managing Director of the company said, “In FY23 we achieved the highest ever sales revenue of Rs 3,107 crs. This exemplary performance can primarily be attributed to new launches and continued progress in execution of ongoing projects also resulting in strong collection of Rs 2,258 crs. It clocked Rs 1,007crs sales in Q4FY23 registering over 21 percent growth year-on-year area sold at 1.21 mn sq ft.”
As of March 2023, balance collection from sold units completed and ongoing in all launched projects stood at Rs 2,967 Crs, total value of unsold inventory including new launches in FY 23 stood at Rs 11,232 crs and total estimated surplus from all completed and ongoing projects is Rs 6,550 crs. Our net debt stood at Rs 2,208 cr and net debt equity ratio stood at 1.11 for Q4 FY23. The weighted average cost of debt stood at 11.31% as of March 2023.
