📈 Puravankara Share Price Surges by 2.17% to Reach ₹250 on 25th January 2024 💰
🏢 Bengaluru-based real estate developer Puravankara Limited has announced its impressive financial performance for the third quarter of the fiscal year 2024.
💵 The company’s profits for the October-December quarter of the current financial year increased by a whopping 266%, reaching ₹78 crore. This is a significant improvement compared to the ₹22.55 crore net profit earned in the same quarter of the previous year.
💼 Along with the financial results, the company has also declared a dividend. According to the exchange, its revenue for the December quarter rose by 45% to ₹596 crore. The consolidated net income increased by 45.19% to ₹595.88 crore, compared to ₹410.40 crore in the same quarter a year ago.
📈 The company’s sales for the third quarter have grown by 56% to ₹1,241 crore, marking a consistent year-on-year increase. Additionally, Puravankara’s EBITDA has surged by 71% to ₹218 crore.
💰 Puravankara has delighted its investors by announcing an interim dividend of ₹6.3 per share. The record date for the dividend is set for 1st February 2024, and the payment will be made before 8th February 2024.
📊 The company has provided strong returns to its investors, doubling their investments in just six months. The share price has witnessed a remarkable increase of 19% in one month, 64% in three months, and an impressive 125% in six months. Over the course of one year, the share price has risen by a remarkable 142%.
📉 However, on Tuesday (23rd January), the share price experienced a minor decline of over 6%, closing at ₹220.90.
🏢 Stay tuned for more updates on Puravankara’s performance and future prospects! 💼
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