PURVA
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Recent events
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India's Puravankara slips to more than 4-month low as Q4 loss widens
** Puravankara PURA.NS slips 9.5% to 240 rupees, lowest since January 23
** Real estate developer's Q4 consol loss widens to 880 mln rupees ($10.3 mln) from year-ago loss of 67.1 mln rupees
** Rev from ops falls 41% y/y
** More than 198,406 shares traded, 1.6x 30-day moving avg
** YTD, PURA sheds 38.5%
($1 = 85.4140 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
** Puravankara PURA.NS slips 9.5% to 240 rupees, lowest since January 23
** Real estate developer's Q4 consol loss widens to 880 mln rupees ($10.3 mln) from year-ago loss of 67.1 mln rupees
** Rev from ops falls 41% y/y
** More than 198,406 shares traded, 1.6x 30-day moving avg
** YTD, PURA sheds 38.5%
($1 = 85.4140 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
Puravankara March-Qtr Consol Net Loss 858.2 Mln Rupees
May 30 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA MARCH-QUARTER CONSOL NET LOSS 858.2 MILLION RUPEES
PURAVANKARA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.42 BILLION RUPEES
Further company coverage: PURA.NS
(([email protected];;))
May 30 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA MARCH-QUARTER CONSOL NET LOSS 858.2 MILLION RUPEES
PURAVANKARA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.42 BILLION RUPEES
Further company coverage: PURA.NS
(([email protected];;))
Puravankara To Consider Fund Raising Proposals
April 30 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - BOARD TO CONSIDER FUND RAISING PROPOSALS
PURAVANKARA LTD - TO CONSIDER ISSUE OF DEBENTURES WORTH 3 BILLION RUPEES
Source text: ID:nBSEbfd4FD
Further company coverage: PURA.NS
(([email protected];;))
April 30 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - BOARD TO CONSIDER FUND RAISING PROPOSALS
PURAVANKARA LTD - TO CONSIDER ISSUE OF DEBENTURES WORTH 3 BILLION RUPEES
Source text: ID:nBSEbfd4FD
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Ltd Says Pre-Sales For Q4FY25 At 12.82 Bln Rupees
April 16 (Reuters) - Puravankara Ltd PURA.NS:
PRE-SALES FOR Q4FY25 AT 12.82 BILLION RUPEES
COLLECTIONS FOR Q4FY25 STOOD AT 9.46 BILLION RUPEES
Source text: ID:nBSETM3w5
Further company coverage: PURA.NS
(([email protected];;))
April 16 (Reuters) - Puravankara Ltd PURA.NS:
PRE-SALES FOR Q4FY25 AT 12.82 BILLION RUPEES
COLLECTIONS FOR Q4FY25 STOOD AT 9.46 BILLION RUPEES
Source text: ID:nBSETM3w5
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Receives Tax Demand Notice For 44.7 Million Rupees
April 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - RECEIVES TAX DEMAND NOTICE FOR 44.7 MILLION RUPEES
Source text: ID:nBSE5WzScT
Further company coverage: PURA.NS
(([email protected];;))
April 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - RECEIVES TAX DEMAND NOTICE FOR 44.7 MILLION RUPEES
Source text: ID:nBSE5WzScT
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Says Abhishek Kapoor Resigns As Group CFO Effective Jan. 15
Jan 15 (Reuters) - Puravankara Ltd PURA.NS:
ABHISHEK KAPOOR RESIGNS AS GROUP CFO EFFECTIVE 15TH JANUARY 2025
Source text: ID:nBSE6BKzzz
Further company coverage: PURA.NS
(([email protected];))
Jan 15 (Reuters) - Puravankara Ltd PURA.NS:
ABHISHEK KAPOOR RESIGNS AS GROUP CFO EFFECTIVE 15TH JANUARY 2025
Source text: ID:nBSE6BKzzz
Further company coverage: PURA.NS
(([email protected];))
Puravankara Q3FY25 Pre-Sales At 12.65 Billion Rupees, Collections Up 6% Y-O-Y
Jan 13 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - Q3FY25 PRE-SALES AT 12.65 BILLION RUPEES, COLLECTIONS UP 6% Y-O-Y
PURAVANKARA - TO CATCH UP WITH LAUNCH PIPELINE OF 15.7 MILLION SQ FT BETWEEN Q4FY25-Q1FY26
Source text: ID:nBSE207pFl
Further company coverage: PURA.NS
(([email protected];))
Jan 13 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - Q3FY25 PRE-SALES AT 12.65 BILLION RUPEES, COLLECTIONS UP 6% Y-O-Y
PURAVANKARA - TO CATCH UP WITH LAUNCH PIPELINE OF 15.7 MILLION SQ FT BETWEEN Q4FY25-Q1FY26
Source text: ID:nBSE207pFl
Further company coverage: PURA.NS
(([email protected];))
Puravankara Expands Land Portfolio With Strategic Acquisition In Kanakapura Road
Jan 9 (Reuters) - Puravankara Ltd PURA.NS:
EXPANDS LAND PORTFOLIO WITH STRATEGIC ACQUISITION IN KANAKAPURA ROAD
ESTIMATED GROSS DEVELOPMENT VALUE OF 7 BILLION RUPEES
Source text: ID:nBSE5m49Pl
Further company coverage: PURA.NS
(([email protected];;))
Jan 9 (Reuters) - Puravankara Ltd PURA.NS:
EXPANDS LAND PORTFOLIO WITH STRATEGIC ACQUISITION IN KANAKAPURA ROAD
ESTIMATED GROSS DEVELOPMENT VALUE OF 7 BILLION RUPEES
Source text: ID:nBSE5m49Pl
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Receives Administrative Warning From SEBI
Dec 26 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - RECEIVES ADMINISTRATIVE WARNING FROM SEBI
PURAVANKARA LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES
Source text: ID:nBSE3yG9V3
Further company coverage: PURA.NS
(([email protected];;))
Dec 26 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - RECEIVES ADMINISTRATIVE WARNING FROM SEBI
PURAVANKARA LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES
Source text: ID:nBSE3yG9V3
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Ltd Says Provident Housing Will Launch Residential Project Provident Bayscape In Chennai
Nov 22 (Reuters) - Puravankara Ltd PURA.NS:
PROVIDENT HOUSING WILL LAUNCH RESIDENTIAL PROJECT PROVIDENT BAYSCAPE IN CHENNAI
Source text: ID:nBSE2xsrX8
Further company coverage: PURA.NS
(([email protected];;))
Nov 22 (Reuters) - Puravankara Ltd PURA.NS:
PROVIDENT HOUSING WILL LAUNCH RESIDENTIAL PROJECT PROVIDENT BAYSCAPE IN CHENNAI
Source text: ID:nBSE2xsrX8
Further company coverage: PURA.NS
(([email protected];;))
India's Puravankara falls as Q2 loss widens
** Shares of Puravankara PURA.NS fall exchange-allowed 5% to 400.45 rupees
** Real estate co's Sept-qtr consol net loss widens by 50% to 167.8 million rupees (~$2 million)
** PURA set for third straight session of losses
** Stock up ~114% vs a 8% and ~16% rise in rivals DLF DLF.NS and Macrotech Developers MACE.NS, respectively
($1 = 84.3580 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Puravankara PURA.NS fall exchange-allowed 5% to 400.45 rupees
** Real estate co's Sept-qtr consol net loss widens by 50% to 167.8 million rupees (~$2 million)
** PURA set for third straight session of losses
** Stock up ~114% vs a 8% and ~16% rise in rivals DLF DLF.NS and Macrotech Developers MACE.NS, respectively
($1 = 84.3580 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
India's Puravankara Ltd Sept-Quarter Consol Net Loss 167.8 Mln Rupees
Nov 8 (Reuters) - Puravankara Ltd PURA.NS:
INDIA'S PURAVANKARA LTD SEPT-QUARTER CONSOL NET LOSS 167.8 MILLION RUPEES
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Nov 8 (Reuters) - Puravankara Ltd PURA.NS:
INDIA'S PURAVANKARA LTD SEPT-QUARTER CONSOL NET LOSS 167.8 MILLION RUPEES
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Puravankara Q2 Customer Collections Up By 18% Y-O-Y
Oct 10 (Reuters) - Puravankara Ltd PURA.NS:
Q2 CUSTOMER COLLECTIONS UP BY 18% Y-O-Y
Q2FY25 SALES VALUE UP BY 18% Q/Q
Source text for Eikon: ID:nBSE6NGdVK
Further company coverage: PURA.NS
(([email protected];;))
Oct 10 (Reuters) - Puravankara Ltd PURA.NS:
Q2 CUSTOMER COLLECTIONS UP BY 18% Y-O-Y
Q2FY25 SALES VALUE UP BY 18% Q/Q
Source text for Eikon: ID:nBSE6NGdVK
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Says Acquisition Of Land Parcel At Bangalore For Developing Residential Project
Oct 7 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - ACQUISITION OF LAND PARCEL AT BANGALORE FOR DEVELOPING RESIDENTIAL PROJECT
Further company coverage: PURA.NS
(([email protected];))
Oct 7 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - ACQUISITION OF LAND PARCEL AT BANGALORE FOR DEVELOPING RESIDENTIAL PROJECT
Further company coverage: PURA.NS
(([email protected];))
Puravankara Gets Redevelopment Rights Of Miami Apartments At Breach Candy, Mumbai
Sept 12 (Reuters) - Puravankara Ltd PURA.NS:
GETS REDEVELOPMENT RIGHTS OF MIAMI APARTMENTS AT BREACH CANDY, MUMBAI
EXPANDS ITS REDEVELOPMENT PORTFOLIO IN MUMBAI
SIGNS JOINT DEVELOPMENT AGREEMENT FOR 1.95-ACRE LAND PARCEL IN BENGALURU
Source text for Eikon: ID:nNSE57LCtH
Further company coverage: PURA.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Sept 12 (Reuters) - Puravankara Ltd PURA.NS:
GETS REDEVELOPMENT RIGHTS OF MIAMI APARTMENTS AT BREACH CANDY, MUMBAI
EXPANDS ITS REDEVELOPMENT PORTFOLIO IN MUMBAI
SIGNS JOINT DEVELOPMENT AGREEMENT FOR 1.95-ACRE LAND PARCEL IN BENGALURU
Source text for Eikon: ID:nNSE57LCtH
Further company coverage: PURA.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Puravankara Says Q1 Collections Grow 39% Y/Y
July 12 (Reuters) - Puravankara Ltd PURA.NS:
Q1 COLLECTIONS GROW 39% Y/Y
Further company coverage: PURA.NS
(([email protected];))
July 12 (Reuters) - Puravankara Ltd PURA.NS:
Q1 COLLECTIONS GROW 39% Y/Y
Further company coverage: PURA.NS
(([email protected];))
Indian property developer Puravankara up after land parcel buy
** Shares of India's Puravankara PURA.NS rise as much as 5% to hit record high 569.60 rupees
** PURA last up ~3%, eyes gains for the fourth straight session
** Real estate developer said it acquired land parcel in Bengaluru whose potential gross development value (GDV) is 9 bln rupees ($107.8 mln)
** YTD stock has soared 199% after a 103% surge in 2023
($1 = 83.5010 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Puravankara PURA.NS rise as much as 5% to hit record high 569.60 rupees
** PURA last up ~3%, eyes gains for the fourth straight session
** Real estate developer said it acquired land parcel in Bengaluru whose potential gross development value (GDV) is 9 bln rupees ($107.8 mln)
** YTD stock has soared 199% after a 103% surge in 2023
($1 = 83.5010 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Puravankara Ltd- Acquires 7-Acre Land Parcel In Hebbagodi, Bengaluru
July 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD- ACQUIRES 7-ACRE LAND PARCEL IN HEBBAGODI, BENGALURU
PURAVANKARA LTD- POTENTIAL GDV OF 9 BILLION RUPEES
Source text for Eikon: ID:nBSE1Qpg19
Further company coverage: PURA.NS
(([email protected];))
July 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD- ACQUIRES 7-ACRE LAND PARCEL IN HEBBAGODI, BENGALURU
PURAVANKARA LTD- POTENTIAL GDV OF 9 BILLION RUPEES
Source text for Eikon: ID:nBSE1Qpg19
Further company coverage: PURA.NS
(([email protected];))
Puravankara Says Provident Housing Secures 11.5 Billion Rupees Investment From HDFC Capital
April 25 (Reuters) - Puravankara Ltd PURA.NS:
PROVIDENT HOUSING SECURES 11.5 BILLION RUPEES INVESTMENT FROM HDFC CAPITAL
PROVIDENT HOUSING SECURES INVESTMENT FROM HDFC CAPITAL WITH POTENTIAL GDV OF 171 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PURA.NS
(([email protected];))
April 25 (Reuters) - Puravankara Ltd PURA.NS:
PROVIDENT HOUSING SECURES 11.5 BILLION RUPEES INVESTMENT FROM HDFC CAPITAL
PROVIDENT HOUSING SECURES INVESTMENT FROM HDFC CAPITAL WITH POTENTIAL GDV OF 171 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Indian developer Puravankara up after getting $240 mln project in Mumbai
** Shares of Indian real estate developer Puravankara PURA.NS up 5% to hit upper limit of exchange-imposed trading band
** Co said it was appointed as preferred developer for Pali Hill redevelopment project in Mumbai, whose gross development value potentially over 20 billion rupees ($240.2 million)
** Stock on track for fourth consecutive session of gains
** YTD stock has jumped ~102% after gaining ~103% in 2023
($1 = 83.2800 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of Indian real estate developer Puravankara PURA.NS up 5% to hit upper limit of exchange-imposed trading band
** Co said it was appointed as preferred developer for Pali Hill redevelopment project in Mumbai, whose gross development value potentially over 20 billion rupees ($240.2 million)
** Stock on track for fourth consecutive session of gains
** YTD stock has jumped ~102% after gaining ~103% in 2023
($1 = 83.2800 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Puravankara Selected As Preferred Developer For Redeveloping A Residential Housing Society In Mumbai
April 23 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - SELECTED AS PREFERRED DEVELOPER FOR REDEVELOPING A RESIDENTIAL HOUSING SOCIETY IN MUMBAI
Source text for Eikon: ID:nBSE3WzF0K
Further company coverage: PURA.NS
(([email protected];))
April 23 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - SELECTED AS PREFERRED DEVELOPER FOR REDEVELOPING A RESIDENTIAL HOUSING SOCIETY IN MUMBAI
Source text for Eikon: ID:nBSE3WzF0K
Further company coverage: PURA.NS
(([email protected];))
India's Puravankara hits near 16-year high
** Shares of real-estate developer Puravankara PURA.NS up 18.5% to 291.70 rupees
** Reuters could not immediately ascertain a reason for stock move
** Stock touches highest level since May 2008; on track for third straight session of gains
** PURA gained ~16% last week, its biggest weekly gains since Sept. 2023; recorded its highest annual and quarterly sales
** Separately, PURA acquired shares worth 410,000 rupees ($4,928.42) in unit on Monday
** Stock has been trading above 200-day moving average since June 2023; day's trading volume more than 8.7x the 30-day avg
** With day's gains, PURA up 56% YTD, outpacing 22% gain in Nifty Realty index .NIFTYREAL
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of real-estate developer Puravankara PURA.NS up 18.5% to 291.70 rupees
** Reuters could not immediately ascertain a reason for stock move
** Stock touches highest level since May 2008; on track for third straight session of gains
** PURA gained ~16% last week, its biggest weekly gains since Sept. 2023; recorded its highest annual and quarterly sales
** Separately, PURA acquired shares worth 410,000 rupees ($4,928.42) in unit on Monday
** Stock has been trading above 200-day moving average since June 2023; day's trading volume more than 8.7x the 30-day avg
** With day's gains, PURA up 56% YTD, outpacing 22% gain in Nifty Realty index .NIFTYREAL
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
India's Puravankara rises on higher quarterly, annual sales
** Shares of real estate developer Puravankara Ltd PURA.NS rise as much as 6% to 244.80 rupees
** Co says it recorded its highest annual and quarterly sales; FY24 sales up 90% Y/Y and Q4 sales up by 93% Y/Y
** Says its avg price realisation increased by 2% to 7,916 rupees/sft during FY24
** Stock trading above its 200-day simple moving avg since June 14, 2023
** More than 273,000 shares traded, more than half of their 30-day moving avg
** PURA stock up 27% YTD; Nifty realty index .NIFTYREAL up 18.5% YTD
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of real estate developer Puravankara Ltd PURA.NS rise as much as 6% to 244.80 rupees
** Co says it recorded its highest annual and quarterly sales; FY24 sales up 90% Y/Y and Q4 sales up by 93% Y/Y
** Says its avg price realisation increased by 2% to 7,916 rupees/sft during FY24
** Stock trading above its 200-day simple moving avg since June 14, 2023
** More than 273,000 shares traded, more than half of their 30-day moving avg
** PURA stock up 27% YTD; Nifty realty index .NIFTYREAL up 18.5% YTD
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
India's Puravankara surges on over three-fold jump in Q3 profit
** Shares of Puravankara PURA.NS rise as much as 13% to 249.4 rupees, highest since May 23, 2008
** Real-estate developer's Q3 consol net profit rises more than three-fold to 777.9 mln rupees ($9.4 mln), rev from ops up 46% Y/Y
** Co posts profit after two consecutive quarters of loss
** PURA trading above its 100-day and 200-day simple moving averages since June
** Stock gained over 103% in 2023 vs an 81% rise in the Nifty Realty Index .NIFTYREAL
($1 = 83.1450 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Puravankara PURA.NS rise as much as 13% to 249.4 rupees, highest since May 23, 2008
** Real-estate developer's Q3 consol net profit rises more than three-fold to 777.9 mln rupees ($9.4 mln), rev from ops up 46% Y/Y
** Co posts profit after two consecutive quarters of loss
** PURA trading above its 100-day and 200-day simple moving averages since June
** Stock gained over 103% in 2023 vs an 81% rise in the Nifty Realty Index .NIFTYREAL
($1 = 83.1450 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Puravankara Says Dividend At 6.3 Rupees Per Share
Jan 23 (Reuters) - Puravankara Ltd PURA.NS:
DIVIDEND 6.3 RUPEES PER SHARE
DEC-QUARTER CONSOL NET PROFIT 777.9 MILLION RUPEES VERSUS PROFIT 225.5 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.74 BILLION RUPEES VERSUS 3.92 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Jan 23 (Reuters) - Puravankara Ltd PURA.NS:
DIVIDEND 6.3 RUPEES PER SHARE
DEC-QUARTER CONSOL NET PROFIT 777.9 MILLION RUPEES VERSUS PROFIT 225.5 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.74 BILLION RUPEES VERSUS 3.92 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Puravankara Sales Value For Q3 Up 56% Y/Y
Jan 10 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - SALES VALUE FOR Q3FY24 UP BY 56% Y/Y
PURAVANKARA LTD - CUSTOMER COLLECTIONS FROM REAL ESTATE BUSINESS IN Q3 UP 52% Y/Y
Source text for Eikon: ID:nBSE1MYwkd
Further company coverage: PURA.NS
(([email protected];))
Jan 10 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - SALES VALUE FOR Q3FY24 UP BY 56% Y/Y
PURAVANKARA LTD - CUSTOMER COLLECTIONS FROM REAL ESTATE BUSINESS IN Q3 UP 52% Y/Y
Source text for Eikon: ID:nBSE1MYwkd
Further company coverage: PURA.NS
(([email protected];))
India developers seek to cash in on soaring EV sales with residential chargers
By Aby Jose Koilparambil
Nov 6 (Reuters) - More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can't keep up with soaring EV sales.
While EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period, research firm Canalys says.
The world's most populous nation is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions.
Currently, there are 435 EVs for every public charging station nationwide, according to power ministry data, in contrast to the United States, which has 26 EVs per charger, data from the Alliance for Automotive Innovation shows.
For now, property developers including Sobha SOBH.NS, and property management firm Prestige PREG.NS, are using this shortage to their advantage, betting that EV chargers in residential properties will make clients pay a premium for units like swimming pools used to in the past.
"People considering purchasing EVs want assurance that they will have access to charging facilities within the residential complex," said Javed Shafiq Rao, senior vice president and head of property management at Prestige, which is investing more in properties with EV chargers.
Sobha has gone a step further and launched two residential projects in Bengaluru with EV charging facilities in all available parking slots.
Other developers betting on the trend include Mahindra Lifespace MALD.NS, Kolte-Patil KOLT.NS, Brigade BRIG.NS and DLF DLF.NS.
To be sure, Indian authorities are encouraging installation of charging infrastructure, and each state has its own guidelines: Delhi, for example, requires 20% of parking spots to be reserved for EVs, while Uttar Pradesh, which has the most EV registrations, mandates all new housing complexes above 5,000 square metres to have at least one EV charging unit.
"No matter how fast public charging is, you need to go there, stop there to get the charging done, while in home-charging, you plug it in and your EV is fully charged overnight," said Ravneet Phokela, Chief Business Officer of energy firm Ather Energy.
India is expected to see sales of more than 10 million EVs a year by 2030, rising more than ten folds from last fiscal year, according to the recent annual Economic Survey.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Dhanya Skariachan, Miyoung Kim and Miral Fahmy)
By Aby Jose Koilparambil
Nov 6 (Reuters) - More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can't keep up with soaring EV sales.
While EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period, research firm Canalys says.
The world's most populous nation is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions.
Currently, there are 435 EVs for every public charging station nationwide, according to power ministry data, in contrast to the United States, which has 26 EVs per charger, data from the Alliance for Automotive Innovation shows.
For now, property developers including Sobha SOBH.NS, and property management firm Prestige PREG.NS, are using this shortage to their advantage, betting that EV chargers in residential properties will make clients pay a premium for units like swimming pools used to in the past.
"People considering purchasing EVs want assurance that they will have access to charging facilities within the residential complex," said Javed Shafiq Rao, senior vice president and head of property management at Prestige, which is investing more in properties with EV chargers.
Sobha has gone a step further and launched two residential projects in Bengaluru with EV charging facilities in all available parking slots.
Other developers betting on the trend include Mahindra Lifespace MALD.NS, Kolte-Patil KOLT.NS, Brigade BRIG.NS and DLF DLF.NS.
To be sure, Indian authorities are encouraging installation of charging infrastructure, and each state has its own guidelines: Delhi, for example, requires 20% of parking spots to be reserved for EVs, while Uttar Pradesh, which has the most EV registrations, mandates all new housing complexes above 5,000 square metres to have at least one EV charging unit.
"No matter how fast public charging is, you need to go there, stop there to get the charging done, while in home-charging, you plug it in and your EV is fully charged overnight," said Ravneet Phokela, Chief Business Officer of energy firm Ather Energy.
India is expected to see sales of more than 10 million EVs a year by 2030, rising more than ten folds from last fiscal year, according to the recent annual Economic Survey.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Dhanya Skariachan, Miyoung Kim and Miral Fahmy)
India's Puravankara up after posting record quarterly sales
** Shares of real estate developer Puravankara PURA.NS rise as much as 8.3% to 133.85 rupees
** Stock adds to gains after Q2 update, Nifty Realty index .NIFTYREAL up 3.3%
** Co says Q2 sales up 102% YoY at 16 bln rupees ($192.2 mln), highest ever
** Adds customer collections from real estate business up 70% YoY at 8.79 bln rupees
** Over 983,000 shares change hands as of 10:28 a.m. IST, 1X the 30-day moving average
** Stock last up 7.6%, taking YTD gains to 44.9%
($1 = 83.2340 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
** Shares of real estate developer Puravankara PURA.NS rise as much as 8.3% to 133.85 rupees
** Stock adds to gains after Q2 update, Nifty Realty index .NIFTYREAL up 3.3%
** Co says Q2 sales up 102% YoY at 16 bln rupees ($192.2 mln), highest ever
** Adds customer collections from real estate business up 70% YoY at 8.79 bln rupees
** Over 983,000 shares change hands as of 10:28 a.m. IST, 1X the 30-day moving average
** Stock last up 7.6%, taking YTD gains to 44.9%
($1 = 83.2340 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
India's Puravankara down on Income Tax dept search at premises
** Shares of real estate developer Puravankara PURA.NS fall 5.7% to 120.45 rupees
** Co on Friday said India's Income Tax Department is carrying out search at its office and other premises
** Adds, co is extending full co-operation to officials
** Stock pares losses to 2.7% as of 09:43 a.m IST; YTD gains decline to 35.3%
(Reporting by Varun Vyas in Bengaluru)
** Shares of real estate developer Puravankara PURA.NS fall 5.7% to 120.45 rupees
** Co on Friday said India's Income Tax Department is carrying out search at its office and other premises
** Adds, co is extending full co-operation to officials
** Stock pares losses to 2.7% as of 09:43 a.m IST; YTD gains decline to 35.3%
(Reporting by Varun Vyas in Bengaluru)
Puravankara Says Search By Income Tax Department Carried Out At Registered Office And Other Premises Of Co
Oct 6 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - SEARCH BY INCOME TAX DEPARTMENT IS BEING CARRIED OUT AT REGISTERED OFFICE AND OTHER PREMISES OF CO
Source text for Eikon: ID:nBSEbKcFHT
Further company coverage: PURA.NS
(([email protected];;))
Oct 6 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - SEARCH BY INCOME TAX DEPARTMENT IS BEING CARRIED OUT AT REGISTERED OFFICE AND OTHER PREMISES OF CO
Source text for Eikon: ID:nBSEbKcFHT
Further company coverage: PURA.NS
(([email protected];;))
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What does Puravankara do?
Puravankara Projects Ltd is a construction company that also offers interior works and modifications. Some of their ongoing projects include luxury apartments in Bangalore, Chennai, and Cochin.
Who are the competitors of Puravankara?
Puravankara major competitors are Mahindra Life. Dev, Ashiana Housing, Arihant Superstruct., Binny, Samor Reality, Poddar Hsg.&Devlop., Maxheights Infrast.. Market Cap of Puravankara is ₹7,649 Crs. While the median market cap of its peers are ₹315 Crs.
Is Puravankara financially stable compared to its competitors?
Puravankara seems to be less financially stable compared to its competitors. Altman Z score of Puravankara is 1.11 and is ranked 6 out of its 8 competitors.
Does Puravankara pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Puravankara latest dividend payout ratio is 350.31% and 3yr average dividend payout ratio is 215.05%
How has Puravankara allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory
How strong is Puravankara balance sheet?
Puravankara balance sheet is weak and might have solvency issues
Is the profitablity of Puravankara improving?
No, profit is decreasing. The profit of Puravankara is -₹189.14 Crs for TTM, ₹42.65 Crs for Mar 2024 and ₹63.86 Crs for Mar 2023.
Is the debt of Puravankara increasing or decreasing?
Yes, The net debt of Puravankara is increasing. Latest net debt of Puravankara is ₹3,565 Crs as of Mar-25. This is greater than Mar-24 when it was ₹1,430 Crs.
Is Puravankara stock expensive?
Puravankara is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Puravankara is 0.0, while 3 year average PE is 69.44. Also latest EV/EBITDA of Puravankara is 38.55 while 3yr average is 21.01.
Has the share price of Puravankara grown faster than its competition?
Puravankara has given better returns compared to its competitors. Puravankara has grown at ~52.2% over the last 3yrs while peers have grown at a median rate of 4.3%
Is the promoter bullish about Puravankara?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Puravankara is 75.0% and last quarter promoter holding is 75.0%.
Are mutual funds buying/selling Puravankara?
There is Insufficient data to gauge this.