5328912025-04-012025-06-305328912025-04-012025-06-30in-capmkt:OtherExpenses1Member5328912025-04-012025-06-30in-capmkt:OtherExpenses2Member5328912025-04-012025-06-30in-capmkt:OtherExpenses3Member5328912025-04-012025-06-30in-capmkt:OtherExpenses4Member5328912025-04-012025-06-30in-capmkt:OtherExpenses5Member5328912025-04-012025-06-30in-capmkt:OtherExpenses6Member5328912025-04-012025-06-30in-capmkt:OtherExpenses7Member5328912025-04-012025-06-30in-capmkt:OtherExpenses8Member5328912025-04-012025-06-30in-capmkt:OtherExpenses9Member5328912025-04-012025-06-30in-capmkt:OtherExpenses10Memberiso4217:INRiso4217:INRxbrli:shares532891PURVANOTLISTEDINE323I01011Puravankara LimitedMain BoardEquity2025-04-012026-03-312025-08-082025-07-28INRCroresQuarterlyFirst quarterSingle segmentConstruction and Development2025-08-0814:15:002025-08-0817:15:00Not applicable2025-04-012025-06-30UnauditedConsolidated524400000014240000053864000007684000000-2830100000790400000160900000010150000058484000006287600000-9012000000-90120000048000000-263300000-2153000000-685900000000400000-685500000-7400000-692900000-676800000-8700000-684200000-870000011858000005-2.85-2.8500-2.85-2.85The above consolidated financial results of Puravankara Limited ('the Company' or 'the Holding Company') have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 08.08.2025. The statutory auditors of the Company have carried out a limited review on the above consolidated financial results of the Company for the quarter ended 30.06.2025. During the quarter ended 30.06.2025, Purva Oak Private Limited, wholly-owned subsidiary of the Company has issued 21,000 listed, rated, redeemable, non-convertible debentures aggregating to Rs. 210 crore. These debentures are listed on BSE on April 30, 2025. 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 IndAS 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, 2025: Rs. 61.80 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, 2025: Rs. 35.00 crore) towards adherence to project development terms. (iii) Inventories related to launched project of Rs.82.70 crore (March 31, 2025: Rs. 78.30) under land acquisition proceedings by government authorities. (iv) Receivables from customers of Rs.59.60 crore (March 31, 2025: Rs. 59.60 crore) and other balances of Rs.75.70 crore (March 31, 2025: Rs. 75.70 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. The Company and such group companies have received assessment orders/show cause notices 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.22.55 crore from AY 2019-20 to AY 2023-24. 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/ responses against such assessment orders/ show cause notices 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/show cause notices in the accompanying consolidated financial results, based on the legal evaluation by the management of the ultimate outcome of the legal proceedings. Figures for unaudited standalone financial results of the Company for the quarter ended 30.06.2025 are as follows: Particulars Quarter ended 30.06.2025 [Unaudited] Preceding Quarter ended 31.03.2025 [Audited] Corresponding Quarter ended 30.06.2024 [Unaudited] Previous Year ended 31.03.2025 [Audited] Revenue from operations 126.16 155.21 297.86 917.50 Profit/(loss) before tax (90.40) (95.57) (19.76) (212.42). Profit/(loss) after tax (68.15) (75.89) (15.08) (198.75). The unaudited standalone financial results for the quarter ended 30.06.2025 can be viewed on the Company website https://www.puravankara.com and also be viewed on the website of National Stock Exchange of India Ltd. and BSE Ltd. During the quarter ended June 30, 2025, consequent to the investment into the capital of KVN Property Holdings LLP by Purva Blue Home Ventures Private Limited (a wholly owned subsidiary), KVN Property Holdings LLP has become a subsidiary of the Company. <BR> The figures for the quarter ended 31.03.2025 are the balancing figures between audited figures in respect of the full financial year ended 31.03.2025 and the unaudited published year-todate figures in respect of nine months ended 31.12.2024, being the date of the end of the third quarter of the financial year ended 31.03.2025 which were subjected to limited review. During the quarter ended December 31, 2024, the Company had 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 itemsSub-contract cost4054400000Land purchase cost577300000Advertising and sales promotion283100000Brokerage and referral126500000Legal and professional315100000Rates and taxes152500000Repairs and maintenance135500000Security30900000Rent20900000Others1522000009900000-2500000-7400000