Puravankara Ltd Rebounds with Rs 15.44 Crore Profit in June Quarter

Puravankara Ltd, a prominent real estate firm, reported a consolidated net profit of Rs 15.44 crore for the recent June quarter, reversing a Rs 17.16 crore loss from the same period last year. The company's total income surged over 100% to Rs 675.55 crore.

Puravankara Ltd, a leading real estate developer based in Bengaluru, has reported a significant turnaround in its financial performance. The company achieved a consolidated net profit of Rs 15.44 crore in the latest June quarter, a sharp contrast to a net loss of Rs 17.16 crore recorded in the year-ago period.

The remarkable recovery was driven by a substantial increase in total income, which more than doubled to Rs 675.55 crore in the April-June period of this fiscal year, compared to Rs 335.81 crore in the corresponding period of the previous year. This data was disclosed in the company's regulatory filing on Wednesday.

Puravankara Ltd continues to solidify its position as one of the country's premier real estate developers, demonstrating resilience and growth in a competitive market.

(With inputs from agencies.)