PURVA2023-10-012023-12-31 PURVA2023-10-012023-12-31 PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses04Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses05Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses06Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses07Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses08Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses09Member PURVA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses10Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses04Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses05Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses06Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses07Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses08Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses09Member PURVA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses10Member PURVA2023-12-31 PURVA2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member PURVA2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member PURVA2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member PURVA2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532891 PURVA NOTLISTED Puravankara Limited Equity 2023-04-01 2024-03-31 2024-01-23 2024-01-16 INR Crores Third quarter 14:00:00 16:25:00 2024-01-23 2024-01-23 Not applicable Single segment Construction & Development 2023-10-01 2023-12-31 Unaudited Consolidated 5737000000.00 221800000.00 5958800000.00 2775000000.00 99400000.00 -939100000.00 591100000.00 1050500000.00 67300000.00 1221600000.00 4865800000.00 1093000000.00 0.00 1093000000.00 325800000.00 -40800000.00 285000000.00 0.00 808000000.00 0.00 0.00 0.00 -30100000.00 777900000.00 900000.00 778800000.00 0.00 0.00 0.00 0.00 1185800000.00 5 3.29 3.29 0.00 0.00 3.29 3.29 1.The above consolidated financial results of Puravankara Limited ('the Company' or 'the Holding Company') have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors of the Company held on 23.01.2024. The statutory auditors of the Company have carried out a limited review on the above consolidated financial results of the Company for the quarter and nine months ended 31.12.2023.2. During the nine months ended 31.12.2023, the following wholly-owned subsidiaries of the Company have issued debentures of Rs.100,000 each, aggregating to Rs.84 crores by way of private placement, which are listed on BSE Limited ('BSE') : (i) Varishtha Property Developers Private Limited: 1,100 unsecured, rated, redeemable, non-convertible debentures aggregating to Rs. 11 crores. These debentures are listed on BSE on May 24, 2023. 1,400 unsecured, rated, redeemable, non-convertible debentures aggregating to Rs. 14 crores. These debentures are listed on BSE on October 11, 2023. (ii) Purva Sapphire Land Private Limited: 5,200 unsecured, rated, redeemable, non-convertible debentures aggregating to Rs. 52 crores. These debentures are listed on BSE on October 11, 2023. (iii) Provident Cedar Private Limited: 700 unsecured, rated, redeemable, non-convertible debentures aggregating to Rs. 7 crores. These debentures are listed on BSE on October 27, 2023.3. The Group’s business activity falls within a single reportable segment, i.e., real estate development and related activity. Hence, there are no additional disclosures to be provided under Ind-AS 108 – Segment information with respect to the single reportable segment. Further, the Group is domiciled in India and does not have significant foreign operations.4 a. The Group is subject to legal proceedings for obtaining clear and marketable tittle for certain properties wherein the Group has outstanding deposits and advances of Rs.90 crores. Further, the Group has Rs.22 crores recoverable from parties, claims from minority shareholders of a subsidiary of Rs.35 crores and claims from government authorities of Rs.6 crores, which are subject to ongoing legal proceedings. Further, in relation to certain property previously owned by the Group, an individual has initiated legal proceedings claiming title over such property, which is disputed by the Group. Pending resolution of the aforesaid legal proceedings, no provision has been made towards any claims and the underlying receivable, deposits and advances are classified as good and recoverable in the accompanying financial results based on the legal evaluation by the management of the ultimate outcome of the legal proceedings.b. A search under section 132 of the Income Tax Act (‘the Act’) was conducted in October 2023 in case of the Company, certain group companies and its promoters. Pursuant to the communications received from the Income tax authorities by the Company, requisite information has been provided to the authorities. As on the date of the financial statements, the Company, such group companies and its promoters have not received any demand or show cause notice from the authorities pursuant to such search proceedings. The Company’s management has confirmed that the Group has complied with the requirements of the Act and does not expect any further liability on final assessment of the aforesaid matter Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 12652900000.00 479700000.00 13132600000.00 8685100000.00 2001400000.00 -6451500000.00 1627500000.00 3076800000.00 183700000.00 3296300000.00 12419300000.00 713300000.00 0.00 713300000.00 672500000.00 -503800000.00 168700000.00 0.00 544600000.00 0.00 0.00 0.00 -57500000.00 487100000.00 5600000.00 492700000.00 0.00 0.00 0.00 0.00 1185800000.00 5 2.06 2.06 0.00 0.00 2.06 2.06 Advertising and sales promotion, Brokerage and referral charges 344200000.00 Audit fees 3700000.00 Foreign exchange loss/(gain) 800000.00 Legal and professional charges 266800000.00 Miscellaneous expenses 41400000.00 Rates and taxes 300400000.00 Rent 49700000.00 Repairs and maintenance- buildings, Plant & Machinery & Others 134900000.00 Security charges, Communication costs, Printing and stationery 45400000.00 Travel and conveyance 34300000.00 Advertising and sales promotion, Brokerage and referral charges 906200000.00 Audit fees 8300000.00 Foreign exchange loss/(gain) 3000000.00 Legal and professional charges 948300000.00 Miscellaneous expenses 174300000.00 Rates and taxes 617500000.00 Rent 90300000.00 Repairs and maintenance- buildings, Plant & Machinery & Others 341600000.00 Security charges, Communication costs, Printing and stationery 121400000.00 Travel and conveyance 85400000.00 .c. The Group had initiated legal proceedings against its customer for recovery of receivables of Rs.15 crores, inventories of Rs.1 crore and customer’s counter claim thereon, which is currently pending before the High Court. Pending resolution of the aforesaid litigation, no provision has been made towards the customer’s counter-claims and the underlying receivables and other assets are classified as good and recoverable in the accompanying financial results based on the legal opinion obtained by the management and management’s evaluation of the ultimate outcome of the litigation.6. A wholly-owned subsidiary (WOS) is carrying unbilled revenue as at December 31, 2023 and having regard to the WOS’s ongoing discussions with its customers towards the construction work, the WOS is confident of billing the same in the ensuing quarters. Further, the WOS has also initiated proceedings with its customer for extension of certain projects' completion timeline and waiver of liquidated damages thereon amounting to Rs.16 crores. The Management is of the view that no provision is required towards the consequential impact of such delays in the accompanying financial results based on the terms of the customer contracts, ongoing discussions with the customers. The WOS will continue to closely observe the evolving scenario and take into account any future developments arising out of the same.7. 'The Board of Directors, in its meeting held on 23.01.2024, has declared interim dividend of Rs. 6.30 per equity share.8. 'During the quarter ended December 31, 2023, the Company has incorporated Purva Blue Agate Private Limited and Purva Shelters Private Limited as its subsidiaries. Items that will not be reclassified to profit and loss 900000.00 Items that will not be reclassified to profit and loss 6900000.00 900000.00 6900000.00 0.00 0.00 Income tax relating to items that will not be reclassified to profit and loss 0.00 Income tax relating to items that will not be reclassified to profit and loss -1300000.00 0.00 -1300000.00 0.00 0.00