PURAVANKARA PROJECTS results declared, Make Your Move Cleverly.
For Q4FY09, consolidated revenue was down 47% on a YoY at Rs.80.04 crore. EBITDA was down 64% at Rs.24.35 crore. The company has cut costs and got down its selling and distribution expenses. Its net profit for the period was down 72% at Rs.17.47 crore. Clearly, falling demand and with no real new projects to take off, the business has taken a beating.
For the year ended March 31, 2009, revenues were down 21% at Rs.444.9 crore. The company recorded a net profit of Rs.144.41 crore, down 40% from Rs.240 crore during the previous year. Debt to the tune of Rs.279 crore is to be repaid within the next 12 months and if things do not improve for the company, it may have to soon go in for restructuring these debt repayments.
The company had 13.44 million sq ft under construction in Bangalore, Chennai, Hyderabad, Kochi and Kolkata. It has 13 ongoing residential projects and two commercial projects. Its current land bank is 125.17 million sq ft of developmental area.
Promoters currently hold 89.95% of the equity and none of the shares have been pledged, which is good sign.
The stock has seen a surge in its price since the past one month. But the moment the market tanks a bit, the stock is expected to fall back, so make your move cleverly. thanks
Appost GDS Online Post Office Recruitment 2019
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Gramin Dak Sevak (GDS) recruitment open positions and application details
had been published by Indian post office recruitment body for year 2019 for
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