{"id":134716,"date":"2022-10-17T07:20:44","date_gmt":"2022-10-17T11:20:44","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134716"},"modified":"2022-10-17T07:20:45","modified_gmt":"2022-10-17T11:20:45","slug":"puravankara-shares-soar-on-strong-q2-operational-update-depicts-strong-prospects","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/puravankara-shares-soar-on-strong-q2-operational-update-depicts-strong-prospects\/","title":{"rendered":"Puravankara Shares Soar on Strong Q2 Operational Update; Depicts Strong Prospects"},"content":{"rendered":"\n

Shares of Puravankara Ltd (NSE: PURVA<\/a>) jumped more than 2% on the NSE at the time of writing. The surge in price followed the company\u2019s operational update for the September quarter.\u00a0<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The update reflected strong financial performance in the quarter as well as for the six months ended September 30, 2022. Growth was supported by the Indian economic boom and the positivity of the festive season. <\/p>\n\n\n\n

With the rising demand in the real estate sector following the outperformance of the Indian economy, Puravankara remains optimistic for the festive season and continued business momentum, with planned investments. <\/p>\n\n\n\n

Numbers in Detail<\/strong> <\/h2>\n\n\n\n

Puravankara reported 33% YoY growth in total sales to Rs 793 crore, reflecting the highest-ever sale \u201cfor the second quarter of any financial year since inception.\u201d <\/p>\n\n\n\n

Also, a consistent increase in average price realization was recorded. During the quarter, average prices rose by 12% YoY. <\/p>\n\n\n\n

Remarkably, for the six months ended September 30, the highest-ever sale of Rs 1,306 crore was recorded by the company. This reflected a 43% jump from the prior-year comparable period\u2019s figure of Rs 910 crore. <\/p>\n\n\n\n

Snapshot<\/strong> <\/h2>\n\n\n\n

Puravankara, an Indian real estate company, provided a three-year return of more than 50%. Following the pandemic and global hues, the stock has suffered reflecting about a 31% fall in price over the past year, but recent business momentum in the real estate market is expected to act as a catalyst, depicted by the current operational update.  <\/p>\n\n\n\n

As a result, investors can consider the stock attractive at the recent dip based on its strong fundamentals, robust sales growth, dividend yield, and operational efficiency.\u00a0<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The company seems decently priced compared to its peers at current levels based on both EV\/EBITDA and P\/B ratios. This Small Cap company, with a market capitalization of Rs 2,184.15 crore, offers superior double-digit ROCE, strong returns, and long-term growth prospects. <\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Puravankara Ltd (NSE: PURVA) jumped more than 2% on the NSE at the time of writing. The surge in price followed the company\u2019s operational update for the September quarter.\u00a0 The update reflected strong financial performance in the quarter as well as for the six months ended September 30, 2022. Growth was supported by […]<\/p>\n","protected":false},"author":1936,"featured_media":134498,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,5],"tags":[10443,8892,10473],"class_list":["post-134716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-latest","tag-puravankara","tag-real-estate","tag-september"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134494,"url":"https:\/\/alphastreet.com\/india\/puravankara-offers-long-term-potential-should-investors-buy\/","url_meta":{"origin":134716,"position":0},"title":"Puravankara Offers Long-Term Potential: Should Investors Buy?","author":"Priti_Ramgarhia","date":"October 3, 2022","format":false,"excerpt":"Puravankara Ltd (NSE: PURVA), an Indian real estate company, has turned triumphant and provided a five-year return of more than 30%. Though post-pandemic and due to global hues, the stock has suffered reflecting a 25.43% fall in price over the past year, recent business momentum in the real estate market\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Puravankara-image.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":144687,"url":"https:\/\/alphastreet.com\/india\/puravankara-ltd-a-real-estate-growth-story\/","url_meta":{"origin":134716,"position":1},"title":"Puravankara Ltd.: A Real Estate Growth Story","author":"Karan_Singh","date":"May 1, 2023","format":false,"excerpt":"\u201cIn general, the Indian real estate market is demonstrating robust growth and resurgence with the new facilities arising due to sustained market conditions. The Indian economy is displaying stability, robustness, and we have a positive outlook on it. Our attention on our new projects, we will persist in expanding our\u2026","rel":"","context":"In "Realty"","block_context":{"text":"Realty","link":"https:\/\/alphastreet.com\/india\/category\/realty\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/iStock-1319855968.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142680,"url":"https:\/\/alphastreet.com\/india\/puravankara-limited-q3fy23-earnings-story\/","url_meta":{"origin":134716,"position":2},"title":"Puravankara Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 10, 2023","format":false,"excerpt":"Property sales are conducted by Puravankara Ltd. under the brands Puravankara, Provident Housing, and Purva Land. Puravankara has finished 78 projects totaling around 44 million square feet as of March 2022 in nine cities: Bangalore, Madras, Hyderabad, Coimbatore, Mangaluru, Kochi, Bombay, Pune, and Goa. In addition to active projects, the\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1252224581.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1252224581.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1252224581.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":147387,"url":"https:\/\/alphastreet.com\/india\/puravankara-ltd-q4fy23-results-out-revenue-grows-by-31\/","url_meta":{"origin":134716,"position":3},"title":"Puravankara Ltd Q4FY23 results out, revenue grows by 31%","author":"Chirag Gupta","date":"May 26, 2023","format":false,"excerpt":"Puravankara Ltd reported Total revenue for Q4 FY23 of \u20b9389 Crore, up from \u20b9296 Crore year on year depicting a growth of 31%. Consolidated Net Profit of \u20b927 Crore, up 235% from -(\u20b920) Crore in the same quarter of the previous year.\u00a0The Earnings per Share is \u20b91.12, up 232% from\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/a069c057-9f15-4e6e-ad69-f8f80aab4af7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140992,"url":"https:\/\/alphastreet.com\/india\/puravankara-limited-q3fy23-1779-growth-in-profits\/","url_meta":{"origin":134716,"position":4},"title":"Puravankara Limited Q3FY23; 1779% Growth in Profits","author":"Karan_Singh","date":"February 10, 2023","format":false,"excerpt":"Puravankara Ltd.\u2019s revenue in Q3FY23 rose 77% to \u20b9 392 crores. Consolidated Profit After Tax came at \u20b9 22.55 crores in Q3FY23 showcasing a 1,779% rise on an YoY basis. In this quarter\u2019s\u00a0results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-PURVA.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":153405,"url":"https:\/\/alphastreet.com\/india\/puravankara-ltd-q1fy24-50-rise-in-revenue\/","url_meta":{"origin":134716,"position":5},"title":"Puravankara Ltd Q1FY24; 50% rise in Revenue","author":"Karan_Singh","date":"August 14, 2023","format":false,"excerpt":"Company is in the business of development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa. Financial Results: Puravankara Ltd reported Revenues for Q1FY24 of \u20b9323.00 Crores up from \u20b9215.00 Crore year on year, a rise of 50.23%. Total Expenses for\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-907.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-907.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-907.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-907.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-907.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-907.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1936"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=134716"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/134498"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=134716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=134716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=134716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}