Puravankara Ltd’s net profit tanks 99% to Rs 0.35 cr for Q4FY20

New Delhi: Bengaluru-based Puravankara Ltd’s consolidated net profit nosedived 99 percent to Rs 0.35 crore for the fourth quarter of the fiscal 2019-20 as compared a net profit of Rs 38.78 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 42 percent to Rs 369 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 646 crore in the corresponding quarter of the previous fiscal.

The company sold about 0.68 million square feet of space in the fourth quarter of the last fiscal as against 1.23 million square feet in the year ago period. The sales value of this 0.68 million square feet was Rs 380 crore as compared to Rs 726 crore of the 1.23 million square feet that was sold in the year ago period. 

The net debt of the company stood at Rs 2,536 crore in the fourth quarter of the last fiscal as compared to Rs 2,590 crore in the year ago period.   

The company’s consolidated net profit tanked 22 percent to Rs 88 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 114 crore in the previous fiscal.

The company’s consolidated revenues from operations, however, went up marginally to Rs 2,128 crore for the entire fiscal 2019-20 as compared to Rs 2,050 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 382 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 604 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company increased to Rs 2,043 crore in the 2019-20 fiscal as compared to Rs 1,953 crore in the previous fiscal, the company said in a regulatory filing.

 

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