Slide 1: Stock exchange filing cover letter
Date: 08.11.2024 To, The General Manager, The Manager, Listing Operations Listing Department, Department of Corporate Services National Stock Exchange of India Limited, BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, P. J. Towers, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), M
Slide 2: Investor Corporate Presentation Q2 FY25
INVESTOR CORPORATE PRESENTATION Q2 FY25 1 Artist’s impression of Purva Orient Grand, Bengaluru Investor Presentation Q2 FY25
Slide 3: Table of contents
Table of contents * Market insights 3–4 * Company overview 5– 6 * Operational overview – sales and collections 7– 9 * Diversified offerings across market segments 10 – 14 * Expanding with a pan-India presence 15– 18 * Execution capabilities 19 – 20 * Efficient capital management 21 – 23 * Update on
Slide 4: Market Insights - Residential
Market Insights - Residential India’s housing market witnessed a moderation in 2024 with a dip of 4% Y-o-Y in terms of units sold. 2,25,350 2,35,000 2,15,350 2,24,000 Units sold in 9M FY24 Units sold in 9M FY23 Units launched in 9M FY24 Units launched in 9M FY23 Mumbai has driven the highest no of s
Slide 5: Market Insights – Office
Market Insights – Office India’s robust office leasing activity in the first half of the year sustained its momentum into the third quarter, achieving a remarkable space take-up of 53.8 million sq. ft. for the year (9M). 29% Y-o-Y jump in office leasing was observed, with Bengaluru, Delhi NCR and Hy
Slide 6: Company Overview
Company Overview Investor Presentation Q2 FY25 5
Slide 7: Diversified across brands, price segments and geographies
Diversified across brands, price segments and geographies Plotted Development • Company incorporated on June 3, 1986 , a strong legacy in real estate development. 85+ 23,800 + • Presence in luxury residences, Homes with total commercial, premium affordable Completed residential Developable Area of h
Slide 8: Operational Overview: Sales and Collections
Operational Overview Sales and Collections Investor Presentation Q2 FY25 7
Slide 9: Key Business Highlights – H1FY25
Key Business Highlights – H1FY25 ~INR 2,459 Cr 2.84 msft ~INR 1,999 Cr ~INR 8,658 Sales Value* Sales volume** Customer Collections* Average Realization ₹ per sft H1FY24 sales volume of INR 3.38 msft 27% YoY increase indicating H1FY24 sales of INR 2,725 Cr 7% YoY increase improving operating efficien
Slide 10: Key Business Highlights – Q2FY25
Key Business Highlights – Q2FY25 ~INR 1,331 Cr 1.53 msft ~INR 1,033 Cr ~INR 8,697 Sales Value* Sales volume** Customer Collections* Average Realization ₹ per sft Q2FY24 sales of INR 1,600 Cr Q2FY24 sales volume of INR 2.01 msft 18% YoY increase 9% YoY increase ~INR 520 Cr ~INR 20 Cr loss 28% Total R
Slide 11: Diversified Offerings Across Market Segments
Diversified Offerings Across Market Segments Investor Presentation Q2 FY25 10
Slide 12: Sales H1FY25 Vs H1FY24
Sales H1FY25 Vs H1FY24 Based on Bookings Period Ended Sale Realization Area Sold Units Sold Sale Value Sep-24 Sep-23 % Sep-24 Sep-23 % Sep-24 Sep-23 % Sep-24 Sep-23 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 1.03 1.43 -28% 661 909 -27% 1,197 1,450 -17% 11,623 10,143 15% Pr
Slide 13: Sales Q2FY25 Vs Q2FY24
Sales Q2FY25 Vs Q2FY24 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-24 Sep-23 % Sep-24 Sep-23 % Sep-24 Sep-23 % Sep-24 Sep-23 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.52 0.73 -29% 330 471 -30% 612 736 -17% 11,779 10,039 17% Provi
Slide 14: Sales area classification – unit value & regional contribution
Sales area classification – unit value & regional contribution H1FY25 Unit Value wise contribution to sales value FY24 • Unit Value wise –79% of the Group’s sales are accounted Rs.0 -0.5 cr Rs.0 -0.5 cr 7% by units, for which average > Rs.2 cr > Rs.2 cr 21% 10% 21% sales price per unit is less than
Slide 15: Collections trend
Collections trend Collection trend (INR cr) 1,200 1,094 1,033 965 1,000 941 184 128 879 150 161 800 131 696 341 661 375 621 108 303 328 600 134 518 124 445 458 307 102 400 341 341 103 122 232 223 236 17 49 221 569 149 144 161 530 488 476 200 144 441 356 274 291 176 198 176 195 148 - Q2 FY22 Q3 FY22
Slide 16: Expanding with a Pan-India Presence
Expanding with a Pan-India Presence Artist’s impression of Purva Atmosphere Investor Presentation Q2 FY25 15
Slide 17: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development Completed Developable Area as at 30 Sep 2024 in million sq. ft. Ongoing Land Assets Total Assets (A) (B) (A)+(B) South India Bengaluru 35.37 17.61 14.05 31.66 Chennai 6.54 6.90 0.00 6.90 Hyderabad 2.78 0.05 0.00 0.05 Kochi 2.74 3.12 2.94 6
Slide 18: Ongoing and new launches
Ongoing and new launches Non-Bengaluru projects now account for 48% of the share of ongoing Brand wise Ongoing and Planned projects; and 72% of Planned projects. Mumbai & Pune together constitutes 48% of the Planned projects indicating our new journey in West India. 0% 17% Launch Pipeline 35% 6% 28%
Slide 19: Planned projects
Planned projects Sr. no Location/ Project Name City Development Model Developable Area PL Share in Saleable area Inventory that will be Expected launch JD (msft) opened at the time of date launch Puravankara ` 1 Bellandur Bengaluru Owned 0.47 100% 0.47 0.47 Q3FY25/Q4FY25 2 Puravankara- Winworth - 2
Slide 20: Execution capabilities
Execution capabilities Artist’s impression of Purva Somerset House Investor Presentation Q2 FY25 19
Slide 21: Purva Streaks – professional interior design offerings
Purva Streaks – professional interior design offerings A division focused on curating interiors in Bengaluru with captive production unit - Purva Woodworks • Homes furnished before possession • In-house design, production and installation • Forward integration offering that enhances our end-to-end e
Slide 22: Efficient capital management
Efficient capital management Investor Presentation Q2 FY25 21
Slide 23: Debt movement
Debt movement Debt/ sft of under construction area Sep 24 June 24 March 24 March 23 March 22 Net Debt (in Rs Cr) 2,430 2,237 2,151 2,208 1,846 • We have done land investment Ongoing Projects (msft)* 26 25 25 20 15 of approx. INR 945 crore in Debt/ sqft (Rs/ sqft) 928 912 874 1106 1248 H1FY25. This s
Slide 24: Debt composition and repayment schedule
Debt composition and repayment schedule Debt Composition Repayment Schedule as at 30 Sep 2024 INR Cr As at 30 June 2024 As at 30 Sep 2024 Increase/(decrease) More than 3 years 473 cr Residential 2,291 2,190 -101 14% Next 1 year repayment 855 cr Land 746 878 131 25% 3rd year repayment Capex towards C
Slide 25: Update on Financials
Update on Financials Investor Presentation Q2 FY25 24
Slide 26: Consolidated statement of profit & loss for six months ended September 30, 2024
Consolidated statement of profit & loss for six months ended September 30, 2024 All numbers in INR Cr Particulars H1FY25 H1FY24 Income from operations Revenue from projects 1,153.87 691.59 Other Income 41.36 25.79 Total Income from operations 1,195.23 717.38 • Our Total Income for Expenses H1FY25 in
Slide 27: Consolidated statement of profit & loss for the quarter ended September 30, 2024
Consolidated statement of profit & loss for the quarter ended September 30, 2024 All numbers in INR Cr Particulars Q2FY25 Q1FY25 Q2FY24 Income Revenue from operations 495.54 658.33 368.33 Other income 24.14 17.22 13.24 Total income 519.68 675.55 381.57 Expenses Sub-contractor cost 251.21 247.95 273.
Slide 28: Balance sheet as at September 30, 2024
Balance sheet as at September 30, 2024 All numbers in INR Cr Equity and Liabilities 30-Sep-24 31-Mar-24 Assets 30-Sep-24 31-Mar-24 Unaudited Audited Unaudited Audited Shareholders' Funds Non-Current Assets (a) Equity share capital 119 119 (a) Property, plant and equipment 153 145 (b) Other equity at
Slide 29: Update on Cash flows
Update on Cash flows Investor Presentation Q2 FY25 28
Slide 30: Direct cashflows
Direct cashflows All numbers in INR Cr Cash Flow Statement Q2 FY 25 Q1 FY 25 Q2 FY 24 H1 FY25 H1 FY24 Half year YOY A Operating Inflows 1,182 966 891 2,147 1,756 22% Collection from operations 1,182 966 891 2,147 1,756 22% B Operating Outflows (874) (685) (592) (1,559) (1,209) 29% C=A-B Operating Su
Slide 31: Cash flow potential
Cash flow potential Puravankara Provident Purva Land Total Balance collections from sold units 1 (A) 1,960 1,883 677 4,520 • Cashflow Visibility of Rs.6730 Crores in next Value of Inventory open for sale 2 (B) 3,224 2,548 1,002 6,774 • Cashflow Visibility of 3-4 years Rs.7,490 Crores in next 3- Bala
Slide 32: Cashflow and debt management
Cashflow and debt management Amount Particulars (in Rs crore) Group A - Ongoing (including not launched for sale) projects Balance customer collection A 16,648 Balance cost to go B 9,158 Surplus from ongoing (including not launched for sale) projects C= A-B 7,490 • Group’s net debt is Rs 2,430 Crore
Slide 33: Project Status
Project Status Provident Sunworth Investor Presentation Q2 FY25 32
Slide 34: Puravankara expands its redevelopment portfolio in Mumbai
Puravankara expands its redevelopment portfolio in Mumbai • Saleable Area (our share) - 0.66 msft (Unit 4 & 5) • Saleable Area (Our share) – 0.35 msft • Saleable Area – 0.08 msft • Location – Apnaghar, Lokhandwala, Andheri West • Location – Deccan, Pali Hills, Mumbai • Location – Miami, Breach Candy
Slide 35: Update on possession and occupancy certificate
Update on possession and occupancy certificate We have given total possession for 1,520 units in H1FY25 across the Puravankara Group. We have given 1520 units in H1FY25, up by Projects Q2 FY 25 Q1 FY 25 H1 FY25 H1 FY24 FY 24 FY 23 FY 22 68% Y-o-Y Total possession in units 591 929 1520 907 2,614 1,64
Slide 36: Project Status – Completed Projects with inventory as on Sep 30, 2024
Project Status – Completed Projects with inventory as on Sep 30, 2024 Area Sold JD / JV Developa Puravankara's Share S.No. Project Location Total Flats Share for Launched Cumulative Inventory ble Area - Developable Area Developer Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravan
Slide 37: Project Status – Under Construction as on Sep 30, 2024
Project Status – Under Construction as on Sep 30, 2024 JD / JV Area Sold Developabl Puravankara's Share - S.No. Project Location Total Flats Share for Launched Cumulative Inventory e Area Developable Area Developer Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Puravankara 1
Slide 38: Project Status – Not yet open for Sale as on Sep 30, 2024
Project Status – Not yet open for Sale as on Sep 30, 2024 JD / JV Developa Puravankara's Share S.No. Project Location Total Flats Share for Sold Cumulative Unsold Inventory ble Area - Developable Area Area Developer Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES NOT OPEN FOR SA
Slide 39: Ongoing (open for sale) residential projects- city wise
Ongoing (open for sale) residential projects- city wise City Total Projects Area Puravankara’s share Sold Area Inventory Mnsft Mumbai 2 1.43 1.04 0.50 0.54 Bengaluru 15 10.54 9.15 6.80 2.35 Chennai 4 6.30 6.30 1.94 4.36 Kochi 2 1.97 1.25 1.15 0.10 Pune 4 1.19 1.05 0.52 0.53 Goa 1 1.63 1.63 1.15 0.48
Slide 40: Growing sustainably with good governance practices
Growing sustainably with good governance practices Investor Presentation Q2 FY25 39
Slide 41: Sustainability
Sustainability • Received IGBC Gold pre-certification for Purva Zentech and Meraki • Purva complies to ASHRAE standards for all Commercial projects • Targeting USGBC Gold for a commercial project - Purva Aerocity • Puravankara has committed to have all its new projects from FY’24 to be certified as
Slide 42: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Ravi Puravankara Ashish Puravankara Nani R. Choksey Abhishek Kapoor Chairman Managing Director Vice Chairman Executive Director & CEO Investor Presentation Q2 FY25 41
Slide 43: Governance Structure to drive long term growth Contd.
Governance Structure to drive long term growth Contd. Non-Executive Directors Anup Shah Sanmukh Shailaja Jha K G Krishnamurthy Non- Executive Independent Non- Executive Independent Non- Executive Independent Director Director Director Investor Presentation Q2 FY25 42
Slide 44: Appendix 1: Other Corporate Information
Appendix 1: Other Corporate Information Investor Presentation Q2 FY25 43
Slide 45: Awards and Accolades
Awards and Accolades CIDC Vishwakarma Award 2024 Construction Week Awards 2023 Construction Week: Real Estate ET Achievers 2024: Super luxury residential Creating social development and impact Lifetime achievement award for Company of the Year (People’s Choice) project of the year 2024 | Purva Merak
Slide 46: Key Strengths and building a strong strategy
Key Strengths and building a strong strategy Brand Positioning & Quality Geographical expansion & Business Strategic bandwidth & Rich Talent Product Diversification Development At Puravankara, all our endeavors Strong & Experienced Leadership Offering a range of housing options to revolve around jus
Slide 47: Shareholding Pattern as of September 30, 2024
Shareholding Pattern as of September 30, 2024 Others, 7.46% Insurance Companies, 0.37% FPIs Gothic Corporation FII & FPI, Atyant Capital 17.17% Duke Endowment Insurance and Bodies Corporate Promoter, Life Insurance Corporation 75.00% Notes 1. Promoter Shares are unencumbered Investor Presentation Q2
Slide 48: Share Price Movement
Share Price Movement 400% 350% 300% 250% 200% 150% 100% 50% 0% -50% -100% Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Purva Sensex BSE Realty 01-Oct-23 30-Sep-24 % Change Notes: Graph rebased to 100 PURVA 131.75 397.95 210.41% SENSEX 65,813.42 84,299.78 28.68%
Slide 49: Appendix 1: Recently completed projects
Appendix 1: Recently completed projects PURVA SOMERSET PURVA SILVERSANDS Chennai Pune Investor Presentation Q2 FY25 48
Slide 50: Appendix 1: Recently completed projects
Appendix 1: Recently completed projects PROVIDENT NEORA EQUINOX Bengaluru Bengaluru Investor Presentation Q2 FY25 49
Slide 51: Appendix 2: Ongoing projects
Appendix 2: Ongoing projects PURVA CELESTIAL (ZENIUM 2) PURVA PARKHILL Bengaluru Bengaluru Investor Presentation Q2 FY25 50
Slide 52: Appendix 2: Ongoing projects
Appendix 2: Ongoing projects PROVIDENT ADORA DE GOA PROVIDENT ECOPOLITAN Goa Bengaluru Investor Presentation Q2 FY25 51
Slide 53: Appendix 3: Ongoing commercial projects
Appendix 3 : Ongoing commercial projects PURVA AEROCITY PURVA ZENTECH Bengaluru Bengaluru Investor Presentation Q2 FY25 52
Slide 54: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company and its subsidiaries and joint ventures. The forward-looking statements appear in a number of places throughout this presentation and include statements regarding the
Slide 55: Thank You
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- https://www.puravankara.com/ Investor Relations Contact: Mr. Neeraj Gautam, President- Finance Email – neeraj.gautam@puravankara.com; Tel: