Announcement • May 12
Puravankara Limited to Report Q4, 2026 Results on May 18, 2026 Puravankara Limited announced that they will report Q4, 2026 results on May 18, 2026 New Risk • Apr 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Price Target Changed • Mar 15
Price target decreased by 12% to ₹400 Down from ₹456, the current price target is provided by 1 analyst. New target price is 121% above last closing price of ₹181. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₹6.40 next year compared to a net loss per share of ₹7.58 last year. Reported Earnings • Feb 14
Third quarter 2026 earnings released Third quarter 2026 results: EPS: ₹2.53. Revenue: ₹11.0b (up 247% from 3Q 2025). Net income: ₹599.4m (up ₹1.53b from 3Q 2025). Profit margin: 5.4% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Real Estate industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 144 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Puravankara Limited to Report Q3, 2026 Results on Feb 12, 2026 Puravankara Limited announced that they will report Q3, 2026 results at 4:00 PM, Indian Standard Time on Feb 12, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: ₹1.76 loss per share (vs ₹0.71 loss in 2Q 2025) Second quarter 2026 results: ₹1.76 loss per share (further deteriorated from ₹0.71 loss in 2Q 2025). Revenue: ₹6.63b (up 28% from 2Q 2025). Net loss: ₹417.9m (loss widened 149% from 2Q 2025). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance. Announcement • Oct 28
Puravankara Limited to Report Q2, 2026 Results on Nov 07, 2025 Puravankara Limited announced that they will report Q2, 2026 results on Nov 07, 2025 New Risk • Aug 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 214% Paying a dividend despite having no free cash flows. Announcement • Aug 11
Puravankara Limited, Annual General Meeting, Sep 29, 2025 Puravankara Limited, Annual General Meeting, Sep 29, 2025. Reported Earnings • Aug 09
First quarter 2026 earnings released: ₹2.85 loss per share (vs ₹0.64 profit in 1Q 2025) First quarter 2026 results: ₹2.85 loss per share (down from ₹0.64 profit in 1Q 2025). Revenue: ₹5.39b (down 20% from 1Q 2025). Net loss: ₹676.8m (down ₹828.1m from profit in 1Q 2025). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Announcement • Jul 28
Puravankara Limited to Report Q1, 2026 Results on Aug 08, 2025 Puravankara Limited announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 214% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • May 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: ₹7.59 loss per share (down from ₹1.78 profit in FY 2024). Revenue: ₹20.9b (down 4.9% from FY 2024). Net loss: ₹1.80b (down ₹2.22b from profit in FY 2024). Revenue missed analyst estimates by 18%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • May 23
Puravankara Limited to Report Q4, 2025 Results on May 30, 2025 Puravankara Limited announced that they will report Q4, 2025 results on May 30, 2025 Announcement • Apr 23
Puravankara Limited Appoints Ravi Kumar P as Group Chief Human Resource Officer and Senior Management Personnel, Effective April 21, 2025 Puravankara Limited announced that on the basis of recommendation of the Nomination and Remuneration Committee in its meeting held on 18th April 2025, the Board of Directors of the Company through Circular Resolution, has approved the appointment of Mr. Ravi Kumar P, as Group Chief Human Resource Officer (CHRO) and Senior Management Personnel (SMP) of the Company on 22 April 2025, effective the appointment from 21 April 2025. Mr. Ravi Kumar P, with over 28 years of experience in Multinational and Indian organizations, in Middle East and Singapore. For more than 17 years, he has served as a member of the Senior Leadership Team with Roche Group of Companies. He has a vast experience in HR and ER, having led HR teams in Corporate offices, Manufacturing facilities, and Commercial sales companies throughout India. Extensive experience in HR transformation and business partnerships, including directing HR projects and initiatives for the entire APAC region, HR business partnerships on Change and Transformation, Leadership in Talent acquisition and Management, Learning and Organizational development, Compensation and benefits, Internal compliance, and HR policy formulation. Proven ability to create, manage and advance the People & Culture Strategy in the organization. Mr. Ravi Kumar P is not related to any director of the Company. Announcement • Mar 18
Puravankara Limited Announces Resignation of Mr. Rajesh Manik Sarkar as CHRO- President, Effective from 31 March 2025 Puravankara Limited announced that, Mr. Rajesh Manik Sarkar, CHRO- President, designated as Senior Management Personnel (SMP) of the Company, as per Regulation 16(1)(d) of SEBI Listing Regulations, has resigned from the services of the Company on 17th March 2025, on account of personal commitments. The Company shall relieve him from the services, effective from close of business hours of 31 March 2025. Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹3.90 loss per share (vs ₹3.29 profit in 3Q 2024) Third quarter 2025 results: ₹3.90 loss per share (down from ₹3.29 profit in 3Q 2024). Revenue: ₹3.34b (down 42% from 3Q 2024). Net loss: ₹924.1m (down 219% from profit in 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹234, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 34x in the Real Estate industry in India. Total returns to shareholders of 108% over the past three years. Announcement • Feb 07
Puravankara Limited to Report Q3, 2025 Results on Feb 14, 2025 Puravankara Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Jan 16
Puravankara Limited Announces Resignation of Abhishek Kapoor as Chief Financial Officer Puravankara Limited informed that the consequent on-boarding of the group CFO, Mr. Abhishek Kapoor has resigned from the position of Group Chief Financial Officer of the Company (Additional Charge) with effect from the close of business hours of 15 January 2025. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 214% Cash payout ratio: 270% Earnings have declined by 11% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Nov 09
Second quarter 2025 earnings released: ₹0.71 loss per share (vs ₹0.47 loss in 2Q 2024) Second quarter 2025 results: ₹0.71 loss per share (further deteriorated from ₹0.47 loss in 2Q 2024). Revenue: ₹5.20b (up 41% from 2Q 2024). Net loss: ₹167.8m (loss widened 50% from 2Q 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Announcement • Oct 29
Puravankara Limited to Report Q2, 2025 Results on Nov 08, 2024 Puravankara Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. CFO, Group CEO & Executive Director Abhishek Kapoor was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 29
Puravankara Limited, Annual General Meeting, Sep 27, 2024 Puravankara Limited, Annual General Meeting, Sep 27, 2024, at 14:00 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: ₹0.64 (vs ₹0.75 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.64 (up from ₹0.75 loss in 1Q 2024). Revenue: ₹6.76b (up 109% from 1Q 2024). Net income: ₹151.3m (up ₹330.0m from 1Q 2024). Profit margin: 2.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Announcement • Jul 24
Puravankara Limited to Report Q1, 2025 Results on Jul 31, 2024 Puravankara Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • May 25
Puravankara Limited (NSEI:PURVA) acquired Purva Good Earth Properties Private Limited. Puravankara Limited (NSEI:PURVA) acquired Purva Good Earth Properties Private Limited on March 31, 2024. Puravankara Limited (NSEI:PURVA) completed the acquisition of Purva Good Earth Properties Private Limited on March 31, 2024. New Risk • May 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • May 24
Full year 2024 earnings released: EPS: ₹1.78 (vs ₹2.80 in FY 2023) Full year 2024 results: EPS: ₹1.78 (down from ₹2.80 in FY 2023). Revenue: ₹22.6b (up 80% from FY 2023). Net income: ₹426.5m (down 36% from FY 2023). Profit margin: 1.9% (down from 5.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 74% per year, which means it is well ahead of earnings. Announcement • May 18
Puravankara Limited to Report Q4, 2024 Results on May 23, 2024 Puravankara Limited announced that they will report Q4, 2024 results on May 23, 2024 Buy Or Sell Opportunity • Apr 12
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to ₹324. The fair value is estimated to be ₹246, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹243, the stock trades at a trailing P/E ratio of 76.3x. Average forward P/E is 42x in the Real Estate industry in India. Total returns to shareholders of 262% over the past three years. Buy Or Sell Opportunity • Mar 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to ₹178. The fair value is estimated to be ₹228, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Mar 12
Puravankara Limited Announces Resignation of Nani R Choksey, Executive Director Puravankara Limited announced that Mr. Nani R Choksey (DIN: 00504555), Executive Director of the Company, vide his letter dated 11th March, 2024, has tendered his resignation from the Board of Directors of the Company with effect from the close of business hours on 11th March, 2024. Reason for Change: Resigned due to personal reasons. New Risk • Feb 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹211, the stock trades at a trailing P/E ratio of 66.3x. Average forward P/E is 44x in the Real Estate industry in India. Total returns to shareholders of 180% over the past three years. Reported Earnings • Jan 24
Third quarter 2024 earnings released: EPS: ₹3.29 (vs ₹0.95 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.29 (up from ₹0.95 in 3Q 2023). Revenue: ₹5.96b (up 52% from 3Q 2023). Net income: ₹779.2m (up 246% from 3Q 2023). Profit margin: 13% (up from 5.7% in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Announcement • Jan 19
Puravankara Limited Launches New `Wellness' Themed Plotted Development Project in Guduvancheri, Chennai Purva Land, the plotted development arm of one of India's most admired and trusted real estate developers, Puravankara Limited, has launched a new `wellness' themed plotted development project in Guduvancheri, Chennai. Part of a ~120-acre development, this will be Purva Land's largest project in the city. The larger development will comprise more than ~2,200 plots ranging from ~600 Sq. Ft. to ~5,000 Sq. Ft. and has 35+ amenities for the community, including a 30,000 Sq. Ft. clubhouse. Considering the consumer needs, 80% of the plots are in the range of ~800 Sq. Ft. to 1,800 Sq. Ft. The project aims to integrate this holistic approach into contemporary wellness spaces to promote harmony, balance, and overall well-being among individuals and the community. Additionally, plotted development projects by Purva Land offer several advantages, including land parcels across prime locations, clear titles, relevant government approvals, superior infrastructure, and the benefits of community living. Purva Soukhyam will feature health and fitness programs, yoga and meditation classes, spa services, nutritional counselling, sports courts, swimming pools, outdoor fitness areas, walking and cycling tracks, meditation zones, green spaces, and community gathering spots promoting an active lifestyle. Strategically located in Chennai's southern region, the project is just 10 minutes away from Grand Southern Trunk Road. The Chennai International Airport is around 20km and can be easily reached in 35 minutes via NH 32. Besides excellent connectivity, the project enjoys good accessibility to several reputed educational institutions and healthcare facilities. This will be Puravankara's latest venture into Chennai's rapidly growing plotted development market. The company launched a music-themed project, Purva Raagam, in Thirumazhisai earlier last year. Announcement • Jan 17
Puravankara Limited to Report Q3, 2024 Results on Jan 23, 2024 Puravankara Limited announced that they will report Q3, 2024 results on Jan 23, 2024 Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Kulumani Krishnamurthy was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 13
Puravankara Limited Announces Resignation of Sanjeeb Chaudhuri as Independent Director Puravankara Limited announced Mr. Sanjeeb Chaudhuri, independent director of the company, vide his letter dated 12 December 2023, has tendered his resignation from the board of directors of the company with effect from the close of business hours on 12 December 2023. Buying Opportunity • Nov 22
Now 23% undervalued Over the last 90 days, the stock is up 46%. The fair value is estimated to be ₹206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 18
Second quarter 2024 earnings released: ₹0.47 loss per share (vs ₹0.72 loss in 2Q 2023) Second quarter 2024 results: ₹0.47 loss per share (improved from ₹0.72 loss in 2Q 2023). Revenue: ₹3.68b (up 54% from 2Q 2023). Net loss: ₹112.0m (loss narrowed 35% from 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • Sep 03
Puravankara Limited, Annual General Meeting, Sep 29, 2023 Puravankara Limited, Annual General Meeting, Sep 29, 2023, at 14:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹0.75 loss per share (vs ₹1.45 profit in 1Q 2023) First quarter 2024 results: ₹0.75 loss per share (down from ₹1.45 profit in 1Q 2023). Revenue: ₹3.23b (up 51% from 1Q 2023). Net loss: ₹178.7m (down 152% from profit in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
Puravankara Limited to Report Q1, 2024 Results on Aug 11, 2023 Puravankara Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • May 27
Puravankara Limited Announces Appointment of Sudip Chatterjee as Company Secretary and Compliance Office The board of directors of Puravankara Limited, at its AGM held on May 26, 2023, appointed Mr. Sudip Chatterjee as the Company Secretary and Compliance Office of the Company with effect from May 26, 2023. Sudip Chatterjee is a seasoned Company Secretary with over 17 years of experience in corporate secretarial, regulatory/litigation management and due diligence for fund raising. He has a proven track record of success in a variety of roles, including as Company Secretary, Head of Corporate Secretarial & Legal, and Compliance Officer. He brings with him a diverse skill set, and is skilled in liasoning with external regulators, counsels and auditors. He has had exposure in handling IPOs, preparation of DRHP and dealing with BRLMS, bankers, RTAs and merchant bankers. Mr. Chatterjee is experienced in the implementation of cloud based real-time Legal Compliance Management Systems and has sizeable skill in FEMA compliances and IPR. He is a strong believer in corporate governance and compliance and has in the past successfully handled the management of board and other sub-committee meetings, legal and compliance management and mergers and acquisitions. Announcement • May 19
Puravankara Limited to Report Q4, 2023 Results on May 26, 2023 Puravankara Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹64.50, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 22x in the Real Estate industry in India. Total returns to shareholders of 97% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.95 (vs ₹0.05 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.95 (up from ₹0.05 in 3Q 2022). Revenue: ₹4.10b (up 86% from 3Q 2022). Net income: ₹225.3m (up ₹213.0m from 3Q 2022). Profit margin: 5.5% (up from 0.6% in 3Q 2022). Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Feb 03
Puravankara Limited to Report Q3, 2023 Results on Feb 10, 2023 Puravankara Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Jan 25
Puravankara Limited Announces Pre-Launch of Lakevista At Purva Windermere in Chennai Puravankara Limited announced the pre-launch of Lakevista at Purva Windermere, one of Chennai’s premium lake-side developments in Pallikaranai. Located in the heart of South Chennai, surrounded by various natural water bodies like ponds and lakes, the entire area attracts a wide variety of birds. Lakevista offers an exquisite experience to home buyers. Lakevista has the unique distinction of being a part of a pristine 55 acres of premium development abutting a 58-acre serene lake. The project offers 1,000+ homes in the configuration of 1, 2 and 3 BHK, ranging from 611 sq. ft. to 1,491 sq. ft. of super built-up area. The project is designed using sustainable design strategies to meet human development goals while conserving the environment and natural resources. Lakevista is close to several IT parks, malls, markets, some of the city’s best educational institutions, places of worship, super-speciality hospitals and other important social infrastructure. Residents of Lakevista will have an extensive array of amenities, such as 2 state-of-the-art clubhouses, 40+ lifestyle amenities, a swimming pool, multipurpose hall, entertainment centre, landscaped parks, cycling tracks and walking zones, kids' play area, community spaces and expansive greenery all along the project. Additionally, it offers a luxurious clubhouse replete with sports and lifestyle spaces such as a multi-court, a gym, a sauna and a convenience store. Announcement • Jan 21
Puravankara Limited Announces Resignation of Ms. Bindu D as Company Secretary and Compliance Officer Puravankara Limited announced that Ms. Bindu D has tendered her resignation from the position of Company Secretary and Compliance Officer of the Company on January 19, 2023, for the better prospects and furtherance of her career. Her last working day will be informed in due course. Reported Earnings • Nov 05
Second quarter 2023 earnings released: ₹0.72 loss per share (vs ₹0.51 profit in 2Q 2022) Second quarter 2023 results: ₹0.72 loss per share (down from ₹0.51 profit in 2Q 2022). Revenue: ₹2.53b (down 1.0% from 2Q 2022). Net loss: ₹171.4m (down 241% from profit in 2Q 2022). Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹1.45 (vs ₹6.50 in 1Q 2022) First quarter 2023 results: EPS: ₹1.45 (down from ₹6.50 in 1Q 2022). Revenue: ₹2.97b (up 64% from 1Q 2022). Net income: ₹344.3m (down 78% from 1Q 2022). Profit margin: 12% (down from 85% in 1Q 2022). Over the next year, revenue is forecast to grow 118%, compared to a 18% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 20% share price gain to ₹103, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 38x in the Real Estate industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • May 31
Full year 2022 earnings released: EPS: ₹6.22 (vs ₹0.20 loss in FY 2021) Full year 2022 results: EPS: ₹6.22 (up from ₹0.20 loss in FY 2021). Revenue: ₹9.55b (flat on FY 2021). Net income: ₹1.46b (up ₹1.51b from FY 2021). Profit margin: 15% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Sanjeeb Chaudhuri was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Feb 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₹160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 31% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹0.05 (down from ₹0.56 in 3Q 2021). Revenue: ₹2.46b (down 4.2% from 3Q 2021). Net income: ₹12.3m (down 91% from 3Q 2021). Profit margin: 0.5% (down from 5.2% in 3Q 2021). Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Sanjeeb Chaudhuri was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹151, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 107% over the past three years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹0.51 (vs ₹0.41 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹2.72b (up 28% from 2Q 2021). Net income: ₹121.3m (up ₹219.4m from 2Q 2021). Profit margin: 4.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹152, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₹127, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 20% share price gain to ₹112, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 20% over the past three years. Board Change • Aug 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director K. Krishnamurthy was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Executive Departure • Aug 27
Non-Executive Independent Director Pradeep Guha has left the company On the 21st of August, Pradeep Guha's tenure as Non-Executive Independent Director ended after 14.7 years in the role. We don't have any record of a personal shareholding under Pradeep's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 9.42 years. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹6.50 (vs ₹0.71 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹5.42b (up 197% from 1Q 2021). Net income: ₹1.54b (up ₹1.71b from 1Q 2021). Profit margin: 28% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 
