PURVANSEQ2 FY23November 04, 2022

Puravankara Limited

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Key numbers — 40 extracted
rs,
tions-Corporate Services Dept. BSE Ltd. 1st Floor, New Trading Ring, Rotunda Building, 'P J. Towers, Dalal Street, Fort, Mumbai 400 001. The Manager, Listing Department, National Stock Exchange of
76 million
ses in technology focused construction , including precast ❖ Partnership with IFC, IFC EAF for USD 76 million for affordable housing development in India ❖ ICRA reaffirmed the rating for Puravankara Ltd to “A
90%
financial year. Launched 3 projects – Purva Meraki, Purva Park Hill and Purva Celestial Almost 90% of the sales booking and customer collection from Ongoing projects Brand “Provident” takes a new
100%
-build, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% precast solutions –construction speed, one stop shop and best in class quality standards • Order b
Rs 1000
s –construction speed, one stop shop and best in class quality standards • Order book of more than Rs 1000 Cr , growing third party clients • • Technology focussed precast factory, fully operational at Ban
70%
0.45 7.64 1.24 7.74 4.23 - 82.73 61.95 20.78 65.72 50.57 15.15 Land Assets 70% 57.64msft Note: 1. 2. 3. * Includes JVs and other subsidiaries Group’s economic interest is esti
30%
pany is the development manager and hence disclosed at 100% 9 Pune Property Breakdown Ongoing 30% 25.09msft Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of o
49%
Breakdown Ongoing 30% 25.09msft Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of ongoing and 33% of launch pipeline Provident accounts for 43% of the launch pipel
33%
Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of ongoing and 33% of launch pipeline Provident accounts for 43% of the launch pipeline; in line with the market tre
43%
cts now account for 49% of the share of ongoing and 33% of launch pipeline Provident accounts for 43% of the launch pipeline; in line with the market trends and the Group‘s strategy 8% 1% 16% 19%
8%
accounts for 43% of the launch pipeline; in line with the market trends and the Group‘s strategy 8% 1% 16% 19% 0%0% 9% 16% 2% 11% NewLaunches Ongoing 52% 67% Launch Pipeline Ongoing 36
1%
ounts for 43% of the launch pipeline; in line with the market trends and the Group‘s strategy 8% 1% 16% 19% 0%0% 9% 16% 2% 11% NewLaunches Ongoing 52% 67% Launch Pipeline Ongoing 36% 5
Guidance — 5 items
Note
opening
Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Debt does not include NCD/OCD worth INR 307 Cr, repayment of which is dependent on project specific surplus; and not as periodic or fixed obligation 1.50 1.40 1.30 1.20 1.10 1.00 0.90 0.80 0.70 0.60 0.50 21 Appendix 1 – Project Status Provident Sunworth 22 Project Status – Completed Projects as on Sept 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
31 Glimpses of the Global CP Meet in Pune (May 2022) during the launch of an upcoming Provident Housing project in the city.
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opening
Glimpses of the Global CP Meet in Dubai (May 2022) during the launch of an upcoming Provident Housing project in Pune.
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Speaking time
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2
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Investor Relations Contact
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% 9 Pune Property Breakdown Ongoing 30% 25.09msft Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of ongoing and 33% of launch pipeline Provident accounts for 43% of the launch pipeline; in line with the market trends and the Group‘s strategy 8% 1% 16% 19% 0%0% 9% 16% 2% 11% NewLaunches Ongoing 52% 67% Launch Pipeline Ongoing 36% 56% 22% 6% 39% 43% Bengaluru Chennai Hyderabad Cochin West India Others Puravankara Provident Purva Land in msft Bengaluru Chennai Hyderabad Cochin West India Others Total Ongoing 12.98 2.81 0.45 3.97 4.65 0.23 25.09 New Launches 9.79 1.33 0.00 0.00 2.34 1.22 14.68 Note: :1. Based on Developable Area in msft 2. # Ongoing
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 Q3FY23 Q3FY23 Q4FY22 Q4FY23 Q4FY23 Q3FY23 Q2FY24 Q1FY24 Q1FY24 Q4 FY23 Q4 FY23 Q3 FY23 Q1FY24 Q3FY23 Q1FY24 14 Update on financials Actual site picture – Purva Palm Beach 15 Consolidated Statement of Profit & Loss for the quarter ended Sept 30, 2022 All numbers in INR Cr 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 Other e
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 Puravankara Provident 1,367 All numbers in INR Cr Total 2,640 (A) (B) (C) (D) (E) (F) (G) (H) 1,273 2,954 1,715 2,513 1,203 2,802 1,499 100 3,716 1,729 4,684 1,218 2,933 1,878 4,391 450 1,261 712 100 1,653 4,063 2,211 200 2,328 6,044 20 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 Q2FY23 Q1FY23 Q4 FY22 Q3 FY22 Q2FY22 Q1FY22 Q4FY21 Q3FY21 Q2FY21 2192 333 2525 381 2,144 11.02%
Notes
1. 2. Appendix 2: Other Corporate Information 26 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 • 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. Cho
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 41
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