Puravankara Limited
5,658words
5turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
76 million
INR 2407
INR 453
139
bps
73%
INR 2231
INR 146
100%
Rs 1000
70%
rs
50.97
Guidance — 5 items
Note
opening
“12.50% 12.00% 11.50% 11.00% 10.50% 10.00% 9.50% 9.00% 8.50% 8.00% 7.50% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Debt does not include NCD/OCD worth INR 464 Cr, repayment of which is dependent on project specific surplus; and not as periodic or fixed obligation 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 25 Appendix 1 – Project Status Provident Sunworth 26 Project Status – Completed Projects as on March 31, 2022 S.No.”
Notes
opening
“• Founder Partner of Anup S Shah Law Firm in Bengaluru Shailaja Jha Non- Executive Independent Director • MMS Degree from BITS, Pilani and PMI certified Project Management Professional • Over 30 years of experience in IT global consulting experience • After clearing the UPSC, served GOI as a civil servant for almost a decade Nani R.”
Notes
opening
“Amanda Puravankara 12th Annual Estate Awards 2020 - Themed Project of the Year - (West) - Adora De Goa by Provident Real Estate Thought Leader of the Year 2021 India - Ashish Puravankara India Property Awards 2019 - For Best Developer of the Year - South - Puravankara Limited Women in Corporate Awards 2019 for being recognized among the top 20 for Innovation - Ms.”
Notes
opening
“36 Glimpses of the Global CP Meet in Pune (May 2022) during the launch of an upcoming Provident Housing project in the city.”
Notes
opening
“Glimpses of the Global CP Meet in Dubai (May 2022) during the launch of an upcoming Provident Housing project in Pune.”
Advertisement
Speaking time
3
1
1
Opening remarks
Notes
1. Revisions represent corrections on account of errors / round off 2. Represents area completed based on receipt of Occupancy Certificate or such other equivalent permission 3. * Includes 10.20 million sqft of area not open for sale 13 Some of the launches planned for FY 22/FY23 Launch date – Q4FY22, Kochi Launch date – Q1 FY23, Pune Launch date – Q4 FY22, Bangalore Launch date – Q4FY22, Bangalore Launch date – Q4 FY22, Bangalore 14 Sales FY22 Vs FY21 Based on Bookings Area Sold Units Sold Sale Value Year Ended Sale Realization Puravankara Completed Projects Ongoing Projects Provident Completed Projects Ongoing Projects Total Gross Mar-22 Mar-21 % Mar-22 Mar-21 % Mar-22 Mar-21 % Mar-22 Mar-21 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft 1.55 2.15 -28% 937 1,359 -31% 1,263 1,581 -20% 0.23 1.32 0.99 -77% 1.16 14% 118 819 723 -84% 154 549 -72% 6,703 5,546 21% 636 29% 1,109 1,032 7% 8,400 8,899 -6% 1.97 1.28 54% 1,679 1,217 38% 1,144 621 84% 0.24 1.73 0.42 -43% 225 399 -44% 1
Notes
1. 2. 3. 4. 5. * New phases on existing projects which were not open for sale Developable and Saleable Areas are tentative and is subject to approval from authorities Launch dates are subject to change Launch dates are in relation to financial year April - March All the projects are at different stages of approval Some of the projects will be launched in phases Q1FY23 Q2FY23 Q2FY23 Q4FY22 Q2FY23 Q4FY23 Q2FY23 Q4FY23 Q2FY23 Q1FY23 Q2FY23 Q4 FY23 Q3/ Q4 FY23 Q3/ Q4 FY23 Q1 FY23 Q3FY23 Q2FY23 Q3/ Q4 FY23 18 Update on financials Actual site picture – Purva Palm Beach Artist’s impression of Purva Silversand 19 Consolidated Statement of Profit & Loss for the quarter ended March 31, 2022 Particulars Income from operations Revenue from projects Other Income Total Income from operations Expenses Sub-contractor cost Cost of raw materials and components consumed Land purchase cost (increase)/decrease in inventories of stock of flats, land cost and work-in-progress Employee benefit expense Finance
Note
1. 2. 3. 4. 5. 6. Includes debtors and unbilled amount Value of inventory has been arrived based on current selling rates Balance cost to go is based on estimates and subject to review on periodic basis The cost does not include sales & marketing , GST, general overheads and interest costs Contingencies provided for escalation in prices of cement, steel and other cost related to construction of properties The projects that are yet to be launched are not included (A) (B) (C) (D) (E) (F) (G) (H) Puravankara 1,227 Provident 1,301 Total 2,528 All numbers in INR Cr 2,480 1,613 2,094 1,582 3,238 1,555 100 3,677 2,194 4,674 1,498 3,110 1,998 4,092 442 1,254 712 100 2,024 4,492 2,267 200 2,440 6,116 24 Consistent reduction in net debt - Reduction of Rs 453 Cr in FY22; which is almost double of Rs 237 Cr reduction achieved in FY 21 in Rs. Cr Opening Balance Net Addition (Repayment) Debt Outstanding Less: Cash and Cash Equivalents Net debt Cost of Debt Net Worth Net Debt / Equity Ratio Q4 FY22 2
Notes
1. 2. The Company also holds inventory of 0.15 msft under “Properties Held for sale” as on the reporting date. The economic interest in Silversands is profit sharing but the Company is the development manager and hence disclosed at 100% 29 Appendix 2: Other Corporate Information 30 Governance Structure to drive long term growth Executive Team Ravi Puravankara Chairman • Over 44 years of experience in real estate industry • Former president of the International Real Estate Federation, Indian Chapter, Paris Ashish Puravankara Managing Director • Bachelor’s degree in Business Administration from Virginia Tech • Master’s degree in Business Administration from Willamette University in Salem, Oregon Non Executive Directors Anup Shah Sanmukh Non- Executive Independent Director • Bachelor’s degree in Commerce and Law Over 39 years of experience in field of law, specifically real estate law. • Founder Partner of Anup S Shah Law Firm in Bengaluru Shailaja Jha Non- Executive Independent Director
Investor Relations Contact
Mr. Neeraj Gautam, Executive Vice President Email – Neeraj.Gautam@Puravankara.com; Tel: +91-80-4343 9999 Krishna Kumar, General Manager Email – Krishna.kumar@puravankara.com; Tel: +91-80-4343 9357 47
Advertisement