Puravankara Limited
4,278words
5turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
76 million
100%
Rs 1000
70%
31%
49%
32%
42%
8%
1%
15%
Guidance — 5 items
Note
opening
“0 1 0.95 0.90 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Debt does not include NCD/OCD worth INR 396 Cr, repayment of which is dependent on project specific surplus; and not as periodic or fixed obligation 17 Appendix 1 – Project Status Provident Sunworth 18 Project Status – Completed Projects as on June 30, 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
“Amanda Puravankara 26 Media & Capital Market Recognition Enhancing the overall customer experience and ensuring employee well-being, along with robust long term growth strategy have helped us strengthen our position as a thought leader for Q1 FY23 27 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
2
2
1
Opening remarks
Note
1. 2. 3. * Includes JVs and other subsidiaries Group’s economic interest is estimated developer’s share after reducing economic interest of JD|JV partners In west India ongoing projects - The economic interest in Silversands is profit sharing but the Company is the development manager and hence disclosed at 100% 8 Pune Property Breakdown Ongoing 31% 24.99msft Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of ongoing and 32% of launch pipeline Provident accounts for 42% of the launch pipeline; in line with the market trends and the Group‘s strategy Launch Pipeline Ongoing 8% 1% 15% 18% 0%0% 9% 16% 3% 11% 51% 68% Bengaluru Chennai Hyderabad Cochin West India Others in msft Bengaluru Chennai Hyderabad Cochin West India Others Total Ongoing 12.85 2.75 0.68 3.97 4.51 0.23 24.99 New Launches 10.39 1.33 0.00 0.00 2.34 1.22 15.28 21% 6% Launch Pipeline 38% 55% Ongoing 39% 41% Puravankara Provident Purva Land in msft Ongoing New Launches Puravankara Provident P
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 Q2FY23 Q2FY23 Q3FY23 Q4FY22 Q4FY23 Q2FY23 Q4FY23 Q3FY23 Q2FY23 Q4FY23/ Q1FY24 Q1FY24 Q4 FY23 Q4 FY23 Q2 FY23 Q3/Q4 FY23 Q3FY23 Q3/Q4 FY23 12 Update on financials Actual site picture – Purva Palm Beach 13 Consolidated Statement of Profit & Loss for the quarter ended June 30, 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 expense Depreciation and amortization expense
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) All numbers in INR Cr Puravankara 1,190 Provident 1,360 Total 2,550 2,402 1,531 2,061 1,586 3,237 1,551 100 3,648 1,992 4,394 1,319 2,849 2,034 4,095 450 1,261 712 100 2,036 4,499 2,263 200 2,483 6,131 16 Debt movement pattern All numbers in INR Cr 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 Q1FY23 2190 1.70 2192 303 1,889 10.69% 2083 0.91 Q4 FY22 2,283 -93 2190 345 1,846 10.56% 2,049 0
Notes
1. 2. The Company also holds inventory of 0.14 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% 21 Appendix 2: Other Corporate Information 22 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, Senior General Manager Email – Krishna.kumar@puravankara.com; Tel: +91-80-4343 9357 37
Advertisement