PURVA2025-01-012025-03-31PURVA2025-03-31PURVA2024-03-31PURVA2024-04-012025-03-31PURVA2025-01-012025-03-31in-capmkt:OtherExpenses1MemberPURVA2025-01-012025-03-31in-capmkt:OtherExpenses2MemberPURVA2025-01-012025-03-31in-capmkt:OtherExpenses3MemberPURVA2025-01-012025-03-31in-capmkt:OtherExpenses4MemberPURVA2025-01-012025-03-31in-capmkt:OtherExpenses5MemberPURVA2025-01-012025-03-31in-capmkt:OtherExpenses6MemberPURVA2025-01-012025-03-31in-capmkt:OtherExpenses7MemberPURVA2025-01-012025-03-31in-capmkt:OtherExpenses8MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses1MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses2MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses3MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses4MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses5MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses6MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses7MemberPURVA2024-04-012025-03-31in-capmkt:OtherExpenses8MemberPURVA2025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1PURVA2024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1PURVA2025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares532891PURVANOTLISTEDINE323I01011PURAVANKARA LIMITEDMain BoardEquity2024-04-012025-03-312025-05-302025-05-23INRCroresQuarterlyFourth quarterSingle segmentConstruction and Development2025-05-3014:30:002025-05-3015:45:00trueCash Flow IndirectDeclaration of unmodified opinion2025-01-012025-03-31AuditedConsolidated541570000022130000056370000008492000000-4303000000752000000152150000011190000078130000006744600000-11076000000-1107600000-182000000-46100000-2281000000-879500000000-500000-8800000003200000-876800000000011858000005-3.62-3.6100-3.62-3.61The 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 30.05.2025. The statutory auditors of the Company have audited the consolidated financial results of the Company for the quarter and year ended 31.03.2025During the year ended 31.03.2025, the following wholly-owned subsidiaries of the Group have issued debentures of Rs.100,000 each, aggregating to Rs.494 crores by way of private placement, which are listed on BSE Limited ('BSE') : (i) Grand Hills Developers Private Limited has issued 25,500 listed, secured, rated, redeemable, non-convertible debentures aggregating to Rs. 255 crores. These debentures are listed on BSE on July 02, 2024. (ii) Purva Oak Private Limited has issued 22,000 listed, secured, rated, redeemable, non-convertible debentures aggregating to Rs. 220 crores. These debentures are listed on BSE on July 23, 2024. (iii) Varishtha Property Developers Private Limited 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. 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. Certain entities in the Group are subject to ongoing legal proceedings in respect of the following matters as summarised below. (i) Deposits and advances of Rs.61.80 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 consolidated 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 proceedings of the Income tax authorities (‘the authorities’), requisite information was provided by the Group to the authorities. During the quarter ended March 31, 2025, the Company and such group companies have received assessment orders from the authorities disallowing certain expenses on the grounds that the same are not incurred for the purpose of business, with potential tax impact of Rs.0.81 crore, Rs.3.50 crore, Rs.3.19 crore and Rs.11.53 crore for AY 2019-20, AY 2020-21, AY 2022-23 and AY 2023-24, respectively. The Group is of the view that these expenses have been incurred in the ordinary course of business towards its ongoing real estate development projects. The Group has filed appeal against such assessment orders and is reasonably confident of providing necessary supporting evidences to the authorities in support of allowance of such expenses. Pending resolution of the aforesaid legal proceedings, no provision has been made towards the consequential impact arising from such assessment orders in the accompanying consolidated financial results, based on the legal evaluation by the management of the ultimate outcome of the legal proceedings. 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. In October 2024, 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 year ended March 31, 2025 is higher by Rs. 12 crore. 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% share and control thereon 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 itemsDuring the quarter ended March 31, 2025, the Company has acquired an additional stake of 39.54% in an existing associate entity - Sobha Puravankara Aviation Private Limited ('SPAPL') from another shareholders for a consideration of Rs.0.04 crore. Pursuant to the said acquisition, the Company holds 89.49% shareholding and control thereon in SPAPL, thereby SPAPL has become a subsidiary of the Company. During the quarter ended March 31, 2025, a Wholly Owned Subsidiary of the Company has acquired 51% voting right and control thereon in NBD Office Parks LLP for a consideration of Rs. 2.96 crore thereby NBD Office Parks LLP has become a subsidiary of the Group. During the quarter ended March 31, 2025, PURVACOM, a partnership entity in which the Company held 99.99% stake has been dissolved. The figures for the quarter ended 31.03.2025 and corresponding quarter ended 31.03.2024 are the balancing figures between audited figures in respect of the full financial year ended 31.03.2025 and '31.03.2024, respectively and the unaudited published year-to-date figures in respect of nine months ended 31.12.2024 and 31.12.2023, respectively, being the date of the end of the third quarter of the respective financial year which were subjected to limited review2024-04-012025-03-31AuditedConsolidated201361000007952000002093130000032451000000-19421700000297400000055478000003496000003042950000023124300000-21930000007500000-218550000039300000-333400000-2941000000-189140000000062200000-1829200000-32800000-186200000000001185800000516123200000-7.59-7.52-7.59-7.52-15.18-15.04Advertising and sales promotion528500000Brokerage and referral93500000Legal and professional445500000Rates and taxes213200000Others370700000Sub-contract cost4243300000Land purchase cost1918300000Purchase of stock of flats0Advertising and sales promotion1400600000Brokerage and referral379800000Legal and professional1461900000Rates and taxes754300000Others1257200000Sub-contract cost12608100000Land purchase cost8633300000Purchase of stock of flats39343000002182700000100000010430000002990000000039720000000504640000054436000002973300000169890000012433700000106754700000046184000006961900000355400000019266000001386230000081370000085869000001300176000000014245130000011858000001617280000017358600000173586000001161800000000268400000143020000015110000013410000000171540000041805000000364200000645410000068183000003987000004902200000073673700000617700000639000000123377300000001250927000001424513000005547800000-193557000006125000000-289420000000-6991000000190100000012909200000034960000004561000000140000000004420000000002899000000-2548200000-473370000000-2517000003222000000-530760000002586000000250000000009000000219000004300000000001400000000000000000002528000000-287100000-7364000000000000038343500000296171000001431000000504860000004000003535100000-25089000000-250890000085158000006006900000Re-measurement gains/(losses) on defined benefit plans44000004400000Re-measurement gains/(losses) on defined benefit plans-43700000-437000001200000-109000003200000-32800000AuditedtrueS.R. Batliboi & Associates LLPtrue2027-07-31