PURVA2024-04-012024-06-30 PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses04Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses05Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses06Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses07Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses08Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses09Member PURVA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses10Member PURVA2024-06-30 PURVA2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member PURVA2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532891 PURVA NOTLISTED Puravankara Limited Equity 2024-04-01 2025-03-31 2024-07-31 2024-07-24 INR Crores First quarter 15:45:00 17:40:00 2024-07-31 2024-07-31 Not applicable Single segment Construction and Development 2024-04-01 2024-06-30 Unaudited Consolidated 6583300000.00 172200000.00 6755500000.00 3137000000.00 7624300000.00 -7381400000.00 697600000.00 1190600000.00 74900000.00 1201100000.00 6544100000.00 211400000.00 0.00 211400000.00 72000000.00 -4600000.00 67400000.00 0.00 144000000.00 0.00 0.00 0.00 3800000.00 147800000.00 3100000.00 150900000.00 0.00 0.00 0.00 0.00 1185800000.00 5 0.64 0.63 0.00 0.00 0.64 0.63 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 31.07.2024. The statutory auditors of the Company have carried out a limited review report on the above consolidated financial results of the Company for the quarter ended 30.06.2024. 2. During the quarter ended June 30, 2024, Grand Hills Developers Private Limited, wholly-owned subsidiary of the Company has issued 25,500 listed, secured, rated, redeemable, nonconvertible debentures aggregating to Rs. 255 crores. These debentures are listed on BSE on July 02, 2024. 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.96 crores. Further, the Group has Rs.20 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. (c) The Group had initiated legal proceedings against its customers and vendor for recovery of receivables of Rs.51 crores, inventories of Rs.7 crore, vendor advance of Rs.2 crores and customer’s counter claim thereon. Pending resolution of the aforesaid litigations, 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. Advertising and sales promotion, Brokerage and referral charges 375700000.00 Audit fees 4200000.00 Foreign exchange loss/(gain) 200000.00 Legal and professional charges 303600000.00 Miscellaneous expenses 56200000.00 Rates and taxes 269700000.00 Rent 17600000.00 Repairs and maintenance- buildings, Plant & Machinery & Others 99300000.00 Security charges, Communication costs, Printing and stationery 41300000.00 Travel and conveyance 33300000.00 5. The unaudited standalone financial results for the quarter and year ended 30.06.2024 can be viewed on the Company website http://www.puravankara.com and also be viewed on the website of NSE and BSE. 6. A wholly-owned subsidiary (WOS) is carrying unbilled revenue as at June 30, 2024 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.17 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. During the year ended March 31, 2024, the Company had entered into transactions with a joint venture entity, in the nature of loans and guarantees given aggregating to Rs.156.20 crores without prior approval of its shareholders. Based on legal advice, the Company had reassessed and was in the process of regularising the requirements of Regulation 23(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and obtaining approval from its shareholders in the ensuing general meeting for such related party transactions. In July 2024, the shareholders of the Company through postal ballet have ratified the aforesaid related party transactions. 8. The figures for the quarter ended 31.03.2024 are the balancing figures between audited figures in respect of the full financial year ended 31.03.2024 and the unaudited published year-to-date figures in respect of nine months ended 31.12.2023, being the date of the end of the third quarter of the financial year ended 31.03.2024 which were subjected to limited review. Items that will not be reclassified to profit and loss 4100000.00 4100000.00 0.00 Income tax relating to items that will not be reclassified to profit and loss -1000000.00 -1000000.00 0.00