Puravankara Q3 net profit up 15% at Rs 26 crore

Realty firm Puravankara Ltd on Saturday reported a 14.56 per cent increase in its consolidated net profit at Rs 25.64 crore for the quarter ended December 2017.The company had posted a net profit of Rs 22.38 crore during the same period of the previous fiscal, Puravankara Ltd said in a regulatory filing. Total income during the quarter under review stood at Rs 454.90 crore. It was Rs 286.32 crore in the year-ago period. "Sales of completed and nearing completion inventory has accelerated, with a year-on-year growth of 160 per cent for the quarter," Puravankara Ltd Managing Director Ashish R Puravankara said.