Realty firm Puravankara Ltd today reported a 39 per cent fall in its consolidated net profit at Rs 21.14 crore for the quarter ended September mainly due to land sale in the year-ago period.

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Its net profit stood at Rs 34.62 crore in the same quarter of the previous fiscal.

Total income declined to Rs 371.53 crore in the second quarter of 2017-18 from Rs 392.57 crore in the corresponding period of the previous year.

"Our revenues are up 53 per cent, net of land sales of Rs 151 crore in the year-ago quarter. Sales bookings in terms of both volume and value as well as collections are significantly higher than the same quarter last year," Puravankara Ltd's MD Ashish R Puravankara told

 

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