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Puravankara reports 33% rise in sales value for Q2FY23

17 Oct 2022 Evaluate

Puravankara has achieved the highest ever sales for the second quarter of current fiscal year (Q2FY23). The company has reported highest ever sale value of Rs 793 crore for the second quarter of current fiscal year (Q2FY23), a rise of 33% as compared to Rs 597 crore for Q2FY22. Average price realization was up by 12% in Q2FY23 as compared to the same quarter in the previous year.

The company has achieved highest ever sale value of Rs 1,306 crore for the first half of any financial year since inception, up by 43% compared to Rs 910 crore in H1FY22. The company is on track for its launch pipeline of over 15 msft and doing necessary investments for the same.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.

Peers
Company Name CMP
Lodha Developers 1102.05
Prestige EstatesProj 1443.00
Dilip Buildcon 407.75
DLF 641.65
Oberoi Realty 1738.80
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