Purvankara Projects have reported its revenues at Rs. 248 Crores; up 30% in Q1 FY ’13. Profit After Tax (PAT) stands at Rs 50 Crores; up 61%, with EBITDA up 34% and EBITDA margin at 48%. Profit Before Tax (PBT) at Rs. 73 Crores; up 66%.
Commenting on the strong results, Ravi Puravankara, Chairman and Managing Director, Puravankara Projects, said “We have done extremely well. Absorption is improving with traction from sales arising out of completed projects. We expect the sales growth momentum to continue in the following quarters given our portfolio mix”.
Consolidated net profit after tax increased by 61% to INR 50 Crores from INR 31 Crores in the quarter ended June 30 2011.
Puravankara recorded a 30% increase in consolidated revenues, posting INR 248 Crores in the quarter-ended June 30, 2012 compared to INR 191 Crores in the quarter-ended June 30, 2011.
