Realtor Puravankara posts Rs 6.71 crore loss in March quarter
Total expenses surged to Rs 942.78 crore in the January-March period as compared to Rs 478.78 crore in the year-ago period.
![Realtor Puravankara posts Rs 6.71 crore loss in March quarter](https://cdn.zeebiz.com/sites/default/files/2024/05/23/295382-realty.jpeg?im=FitAndFill=(1200,900))
Realty firm Puravankara Ltd on Thursday reported a consolidated net loss of Rs 6.71 crore for the March 2024 quarter on higher expenses.
The company had posted a net profit of Rs 26.75 crore in the year-ago period.According to a regulatory filing, the total income rose to Rs 946.84 crore in the fourth quarter of the last fiscal as against Rs 446.39 crore in the corresponding period of the preceding year.
Total expenses surged to Rs 942.78 crore in the January-March period as compared to Rs 478.78 crore in the year-ago period.
During the full 2023-24 fiscal, the company's net profit declined to Rs 42 crore from Rs 66.52 crore in the preceeding year.
Total income increased to Rs 2,260.10 crore in FY24 over Rs 1,406.99 crore a year ago.Puravankara is one of the leading real estate developers in the country. It has a presence in South and West India.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/india/news-cbi-searches-14-locations-in-connection-with-rs-5717-crore-alleged-bank-fraud-by-sks-power-generation-says-report-296219](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299587-cbipti.jpg?itok=9spk-ll_)
CBI searches 14 locations in connection with alleged Rs 5,717-crore bank fraud by SKS Power Generation: Report
![https://www.zeebiz.com/personal-finance/news-scss-post-office-senior-citizens-savings-scheme-account-interest-rate-2024-calculator-investment-inr-rs-2000000-and-maturity-amount-tax-benefits-section-80c-quarterly-income-296129](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299499-note-pixabay-take.jpg?itok=d6bBPUqA)
Post Office Scheme for Senior Citizens: How much quarterly amount will you get on Rs 5 lakh, Rs 10 lakh, Rs 15 lakh and Rs 20 lakh investments
![https://www.zeebiz.com/trending/news-software-engineer-lose-crores-in-share-trading-fraud-tuition-teacher-and-security-guard-arrested-by-mumbai-police-for-cyber-crime-online-scam-296167](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299537-scam-4.jpg?itok=ADT03uob)
Online Scam: Mumbai's software engineer loses Rs 5.14 crore in share trading fraud, tuition teacher and security guard arrested
![https://www.zeebiz.com/personal-finance/news-elss-equity-linked-saving-scheme-sip-mutual-fund-calculator-calculation-section-80c-income-tax-benefits-sbi-hdfc-bank-ntpc-airtel-psu-bharat-dynamics-lt-296139](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299508-investment-unsplash-1.jpg?itok=EfZCto39)
Top 5 ELSS SIP mutual funds in 3 years: Know current values of Rs 5,000, Rs 10,000, and Rs 15,000 monthly SIPs in each fund
08:40 PM IST