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The result was announced after market hours yesterday, 8 September 2016.
Meanwhile, the S&P BSE Sensex was down 225.47 points or 0.78% at 28,819.81.
On BSE, so far 57,069 shares were traded in the counter as against average daily volume of 44,680 shares in the past one quarter. The stock hit a high of Rs 51.95 and a low of Rs 50.40 so far during the day. The stock had hit a 52-week low of Rs 42.10 on 12 February 2016. The stock had hit a 52-week high of Rs 68.90 on 15 October 2015. The stock had outperformed the market over the past one month till 8 September 2016, gaining 15.54% compared with Sensex's 3.06% gains. The scrip had also outperformed the market in past one quarter, rising 13.85% as against Sensex's 7.49% gains.
The small-cap realty firm has equity capital of Rs 118.57 crore. Face value per share is Rs 5.
Puravankara Projects' consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) margin rose to 26% in Q1 June 2016 from 23% in Q1 June 2015. Puravankara Projects said that sales realisation of ongoing projects for Puravankara and Provident in Q1 June 2016 stood at Rs 6,070 per square feet (sq.ft.) and Rs 4,128 per sq. ft. respectively. Sales of ready to move in and ongoing including new launches rose 45% to 5.7 lakh sq ft in area terms and increased 60% to Rs 314 crore in value terms in Q1 June 2016 over Q1 June 2015. The projects under development stood at 22.08 million square feet as on 30 June 2016. The launch pipeline stands at 11.36 million square feet under both the Puravankara and Provident brands, across Kochi, Bengaluru, Chennai and Mumbai.
Ashish Puravankara, Managing Director, Puravankara Projects said that the company is witnessing a strengthening of its business as compared to earlier periods on project deliveries, collections, accelerated sales from ready to move in and a favourable balance collections namely, balance costs to go owing to many of its current projects having sold over 50%.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad and Mysore.
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