Puravankara Q2 profit flat at Rs 21.6 cr; revenue up 34% to Rs 500 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Realty firm Puravankara reported flat net profit at Rs 21.54 crore for the quarter ended September.

Its net profit stood at Rs 21.14 crore in the year-ago period, the company said in a regulatory filing.

Total income rose to Rs 499.28 crore during July-September quarter of this fiscal from Rs 371.53 crore in the corresponding period of the previous year.

Ashish R Puravankara, MD, Puravankara Ltd, said: "A great quarter with a good rise in sales volume and bookings. The overall volumes sold during the quarter registered almost a 100 percent increase from the year ago quarter.