Puravankara Q3 net profit doubles to Rs 64 cr
The Bangalore-based company had posted Rs 32 crore net profit in the year-ago period.
"Puravankara recorded a 60 per cent increase in consolidated revenues, posting Rs 311 crore in the quarter ended December 31, 2012, compared to Rs 194 crore in the quarter-ended December 31, 2011," the company said in a statement.
For the first nine months of the 2012-13 fiscal, the company has recorded 43 per cent increase in consolidated revenue to Rs 832 crore, as against Rs 583 crore in the year-ago period.
The consolidated net profit increased by 84 per cent to Rs 165 crore during the April-December period, as against Rs 90 crore in the nine months of the previous fiscal.
The company's Chairman and Managing Director Ravi Puravankara said: "Our stellar performance this quarter is a continuation of the momentum to a new growth trajectory with significant traction both in ready-to-move-in inventory and new launch sales.
"Our new launch pipeline in both Puravankara and Provident will keep this momentum going."
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