According to the sources available with the www.propertykhazana.com, Puravankara Projects Ltd. (PPL) has a record of 114% hike in its joined net yield for the Q2 which ended in September 30th 2007. Company’s combined net yields for Q2 of the present FY stands at Rs. 60.21 Crores as it was Rs. 28.19 Crores for the related quarter in the last financial year. There was a spiky hike in PPL’s net yields limits that thought to have risen to more than 42% and the revenues have been hiked by 45% to Rs. 141.01 Crores from Rs. 97.34 Crores since the developable areas of the present ventures has hiked to 14.90 Million Sq.ft with the ventures in cities comprising Bengaluru, Chennai, Hyderabad and Mysore.
As per the sources available with www.propertykhazana.com, net yields limits have been significantly raised to 40% in the present Quarter due to advance gross profit limits and short auctions. Also, there is reduce in universal and administrative expenses which have thought to shrink to 7.36% of revenues by this quarter. As much as working outcomes are concerned, the Puravankara Projects reveals suitable signs for both the Quarters and the company has considerably made its position strong in market, thus by setting up a position for itself. The cash balance of Rs. 550 Crores of the company is further endorsed by agreed bank borrowing limits along with complete high quality property bank. To get more information on the Puravankara Projects logon to www.propertykhazana.com.
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