PURVANSEQ3 FY24December 31, 2023

Puravankara Limited

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Key numbers — 40 extracted
rs,
The General Manager, Listing Operations Department of Corporate Services BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai- 400 001 The Manager, Listing Department, National Stock Exchange of
16%
– 22 23 – 25 26 – 29 30 – 34 35 – 39 40 – 52 53 2 Industry Update Leasing activity grew by 16% Q-o-Q & 20% Y-o-Y. Bangalore, Hyderabad and Chennai accounted for 60% of leasing Quoted renta
20%
26 – 29 30 – 34 35 – 39 40 – 52 53 2 Industry Update Leasing activity grew by 16% Q-o-Q & 20% Y-o-Y. Bangalore, Hyderabad and Chennai accounted for 60% of leasing Quoted rentals grew by 3-
60%
Leasing activity grew by 16% Q-o-Q & 20% Y-o-Y. Bangalore, Hyderabad and Chennai accounted for 60% of leasing Quoted rentals grew by 3-6% in Mumbai, 2-6% in Chennai 1-2% in Bangalore r o t c e
6%
Y-o-Y. Bangalore, Hyderabad and Chennai accounted for 60% of leasing Quoted rentals grew by 3-6% in Mumbai, 2-6% in Chennai 1-2% in Bangalore r o t c e S e c i f f O Continued momentum in res
2%
d Chennai accounted for 60% of leasing Quoted rentals grew by 3-6% in Mumbai, 2-6% in Chennai 1-2% in Bangalore r o t c e S e c i f f O Continued momentum in residential sector R e s i d e n t
7%
al sector R e s i d e n t i a l S e c t o r In the Residential sector, apartment sales increased 7% Q-o-Q and 22% Y-o-Y Total share of sales in Pune, Mumbai and Delhi-NCR is 62% 73% cumulative
22%
s i d e n t i a l S e c t o r In the Residential sector, apartment sales increased 7% Q-o-Q and 22% Y-o-Y Total share of sales in Pune, Mumbai and Delhi-NCR is 62% 73% cumulative share of Mumbai
62%
t sales increased 7% Q-o-Q and 22% Y-o-Y Total share of sales in Pune, Mumbai and Delhi-NCR is 62% 73% cumulative share of Mumbai, Hyderabad and Pune in apartment launches in Q3-2023 Residential
73%
es increased 7% Q-o-Q and 22% Y-o-Y Total share of sales in Pune, Mumbai and Delhi-NCR is 62% 73% cumulative share of Mumbai, Hyderabad and Pune in apartment launches in Q3-2023 Residential sect
56%
Q3-2023 Residential sector Q3 sales has increased by 22% Y-O-Y and Puravankara sales increased by 56% Y-O-Y Investor Presentation Q3 FY24 3 Company Overview Investor Presentation Q3 FY24 4 Dif
76 million
al, premium affordable housing and plotted development. • Partnership with IFC, IFC EAF for USD 76 million for affordable housing development in India • ICRA has reaffirmed Puravankara Ltd.'s rating at
Guidance — 4 items
Notes
opening
However, the surplus from pipeline projects will be 2780 crores and hence total surplus will be 10,835 crores.
Note
opening
Debt does not include NCD/OCD worth INR 484 Cr, repayment of which is dependent on project specific surplus; and not as periodic or fixed obligation Investor Presentation Q3 FY24 34 Project Status Investor Presentation Q3 FY24 Provident Sunworth 35 Project Status – Completed Projects as on December 31, 2023 S.No.
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opening
Investor Presentation Q3 FY24 36 Project Status – Under Construction as on December 31, 2023 S.No.
Note
opening
Consistent Increase in Revenue Revenue from projects grew by 46% YoY in Q3 FY24 Focus of execution & timely project completion Achieved the highest ever collection from customers which indicates timely completion of projects.
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Speaking time
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Investor Relations Contact
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Opening remarks
Note
1. * Includes JVs and other subsidiaries Land Assets 58.38% 40.86msft Completed Ongoing Land Assets (A) (B) in million sq. ft. Total (A)+(B) 32.53 16.90 26.75 43.64 6.54 2.78 2.74 1.70 0.93 0.00 0.70 47.92 33.16 14.76 41.52 28.01 13.51 4.12 0.05 3.12 0.23 4.71 0.00 0.00 29.13 16.20 12.93 24.41 13.29 11.12 3.13 0.00 2.94 0.45 3.35 4.23 0.00 40.86 34.75 6.11 32.25 27.52 4.72 7.25 0.05 6.06 0.68 8.07 4.23 0.00 69.99 50.95 19.05 56.66 40.81 15.85 Investor Presentation Q3 FY24 19 2. Group’s economic interest is estimated developer’s share after reducing economic interest of JD|JV partners 3. 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% Ongoing and New Launches Non-Bengaluru projects now account for 42% of the share of ongoing and 77% of launch pipeline Provident accounts for 44% of the launch pipeline; in line with the market trends and the Group‘s strategy Launch Pipeline Ongoi
Notes
1. 2. 3. 4. 5. 6. 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 Estimated top line of over INR 6700Cr; and gross surplus of over 3780Cr (This does not include Amaiti 2, Clermont Tower B and Palmvista which is already included in projected cashflows of ongoing not open for sale ). Investor Presentation Q3 FY24 21 Launches during the year Sl.No Launch Quarter Project Name 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Q1 FY 23 Q1 FY 23 Q2 FY24 Q2 FY24 Q2 FY24 Q3 FY24 Q3 FY24 Q3 FY24 Q4 FY24 Q4 FY24 Q4 FY24 Q4 FY24 Q4 FY24 Q4 FY24 Q4 FY24 Sound of water III Purva Ragaam Provident Ecopolitan Purva Windermere 4B Purva Parkhill Wing B Provident Deansgate Purva Soukhyam 1 Purva Parkhill Wing A Subtotal - Launched 9M FY24 Purva Soukhyam 2 Botanico Kenvista S Medahalli
Note
1. 2. Value of inventory has been arrived based on current selling rates 3. Balance cost to go is based on estimates and subject to review on periodic basis 4. 5. Contingencies provided for escalation in prices of cement, steel and other cost related to construction of properties The cost does not include sales & marketing & GST. Investor Presentation Q3 FY24 29 Update on Debt Investor Presentation Q3 FY24 30 Debt movement pattern 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 2616 -53 2563 822 1741 11.49% 2043 0.85 Weighted Average Cost of Debt & Net Debt / Equity Ratio 12.50% 11.50% 10.50% 9.50% 8.50% 7.50% 0.89 % 1 5 . 0 1 0.90 % 6 5 . 0 1 0.91 % 9 6 . 0 1 2581 35 2616 624 1992 11.61% 1965 1.01 1.10 % 2 0 . 1 1 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 All numbers in INR Cr 2626 -45 2581 462 2119 11.51% 1976 1.07 2575 51 2626 418 2208 11.31% 1993 1.11 2525 50 2575 440
Investor Relations Contact
Mr. Neeraj Gautam, President- Finance Email – neeraj.gautam@puravankara.com; Tel: +91-80-4343 9999 Asha D, Manager - Corporate Finance & Investors Relation Email – asha.d@puravankara.com; Tel: +91-80-4343 9999 Investor Presentation Q3 FY24 54
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