PURVA2024-10-012024-12-31 PURVA2024-10-012024-12-31 PURVA2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member PURVA2024-10-012024-12-31in-bse-fin:OneOperatingExpenses02Member PURVA2024-10-012024-12-31in-bse-fin:OneOperatingExpenses03Member PURVA2024-10-012024-12-31in-bse-fin:OneOperatingExpenses04Member PURVA2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member PURVA2024-10-012024-12-31in-bse-fin:FourOperatingExpenses02Member PURVA2024-10-012024-12-31in-bse-fin:FourOperatingExpenses03Member PURVA2024-10-012024-12-31in-bse-fin:FourOperatingExpenses04Member PURVA2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532891 PURVA NOTLISTED Puravankara Limited Equity 2024-04-01 2025-03-31 2025-02-14 2025-02-07 INR Crores Third quarter 14:30:00 16:00:00 2025-02-14 2025-02-14 Not applicable Single segment Construction and Development 2024-10-01 2024-12-31 Unaudited Consolidated 3181700000.00 160300000.00 3342000000.00 998000000.00 0.00 -5325900000.00 779700000.00 1427900000.00 82800000.00 6549800000.00 4512300000.00 -1170300000.00 7500000.00 -1162800000.00 -22400000.00 -233800000.00 -256200000.00 0.00 -906600000.00 0.00 0.00 0.00 -19800000.00 -926400000.00 -10900000.00 -937300000.00 -924100000.00 -2300000.00 -10900000.00 0.00 1185800000.00 5 -3.90 -3.88 0.00 0.00 -3.90 -3.88 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 14.02.2025. 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 and nine months ended 31.12.2024. 2. During the nine months ended 31.12.2024, the following wholly-owned subsidiaries of the Company have issued debentures of Rs.100,000 each, aggregating to Rs.494 crore by way of private placement, which are listed on BSE Limited ('BSE') : (i) Grand Hills Developers Private Limited, wholly-owned subsidiary of the Company has issued 25,500 listed, secured, rated, redeemable, non-convertible debentures aggregating to Rs. 255 crore. These debentures are listed on BSE on July 02, 2024. (ii) Purva Oak Private Limited wholly-owned subsidiary of the Company has issued 22,000 listed, secured, rated, redeemable, non-convertible debentures aggregating to Rs. 220 crore. These debentures are listed on BSE on July 23, 2024. (iii) Varishtha Property Developers Private Limited wholly-owned subsidiary of the Company has issued 1,900 listed, unsecured, rated, redeemable, non-convertible debentures aggregating to Rs. 19 crore. These debentures are listed on BSE on November 19, 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 – Operating Segments with respect to the single reportable segment. Further, the Group is domiciled in India and does not have significant foreign operations. 4(a). Certain entities in the Group are subject to ongoing legal proceedings in respect of certain matters as summarised below. (i) Deposits and advances of Rs.53.20 crore (March 31, 2024: Rs. 96.00 crore) towards joint development arrangements and land acquisitions which are subject to legal proceedings related to obtaining clear and marketable tittle for underlying properties. (ii) Claims from minority shareholders of a subsidiary of Rs.35.00 crore (March 31, 2024: Rs. 35.00 crore) towards adherence to project development terms. (iii) Inventories related to launched project of Rs.78.30 crore (March 31, 2024: Rs. Nil) under land acquisition proceedings by government authorities. (iv) Receivables from customers of Rs.59.60 crore (March 31, 2024: Rs. 28.50 crore) and other balances of Rs.75.70 crore (March 31, 2024: Rs. 28.50 crore) recoverable from joint development partners and other parties which are subject to litigations. Pending resolution of the aforesaid legal proceedings, no provision has been made towards aforesaid claims and the deposits, advances, inventory, receivables and other balances referred above 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 results, 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. Based on the legal evaluation by the management, 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 2024-04-01 2024-12-31 Unaudited Consolidated 14720400000.00 573900000.00 15294300000.00 2395900000.00 0.00 -15118700000.00 2222000000.00 4026300000.00 237700000.00 22616500000.00 16379700000.00 -1085400000.00 7500000.00 -1077900000.00 221300000.00 -287300000.00 -66000000.00 0.00 -1011900000.00 0.00 0.00 0.00 62700000.00 -949200000.00 -36000000.00 -985200000.00 -940600000.00 -8600000.00 -36000000.00 0.00 1185800000.00 5 -3.97 -3.94 0.00 0.00 -3.97 -3.94 Land cost 1814800000.00 Others 1361800000.00 Purchase of stock of flats 0.00 Sub-contractor Cost 3373200000.00 Land cost 6715000000.00 Others 3602400000.00 Purchase of stock of flats 3934300000.00 Sub-contractor Cost 8364800000.00 5. Figures for unaudited standalone financial results of the Company for the quarter and nine months ended 31.12.2024 are as follows: Particulars Quarter ended 31.12.2024 [Unaudited] Preceding Quarter ended 30.09.2024 [Unaudited] Corresponding Quarter ended 31.12.2023 [Unaudited]Year to date figures for the current period ended 31.12.2024 [Unaudited] Year to date figures for the preceding period ended 31.12.2023 [Unaudited] Previous Year ended 31.03.2024 [Audited] Revenue from operations 189.06 275.37 313.19 762.29 675.51 1,105.71 Profit/(loss) before tax (64.68) (32.41) 67.11 (116.85) 36.25 29.41 Profit/(loss) after tax (82.49) (25.29) 50.13 (122.86) 27.04 33.54 The unaudited standalone financial results for the quarter and nine months ended 31.12.2024 can be viewed on the Company website http://www.puravankara.com and also be viewed on the website of NSE and BSE. 6. The Taxation Laws (Amendment) Ordinance, 2019 ('the Ordinance’) provides an option to domestic companies to pay income-tax at a lower rate of 25.17%, if it opts for not availing of certain specified exemptions or incentives. A subsidiary of the Group has made an assessment of the impact of the Ordinance and has decided to opt for the lower tax rate of 25.17% from the financial year beginning April 01, 2023. Consequently, the subsidiary has measured the current and deferred taxes from the normal rate of 34.94% to the lower rate of 25.17% and the tax expense for the nine months ended December 31, 2024 is higher by Rs. 12 crore. 7. During the quarter ended December 31, 2024, the Company has acquired an additional stake of 36.26% in an existing joint venture entity - Pune Projects LLP ('PPL') from another partner for a consideration of Rs.35.00 crore. Pursuant to the said acquisition, the Company holds 68.26% stake in PPL, thereby PPL has become a subsidiary of the Company from December 31, 2024 and the Company has remeasured its previously held equity interest in PPL at its acquisition-date fair value and recognised the resulting gain of Rs.34.08 crore and the same has been disclosed under Exceptional items. Further, the partners of PPL have agreed to revise their profit sharing ratio, which has resulted in recognition of additional share of loss of Rs.33.33 crore by the Company and the same has been disclosed under Exceptional items. -14600000.00 -48100000.00 -3700000.00 -12100000.00 0.00 0.00