Puravankara posts net loss of Rs 17 crore in Q1 FY21

NEW DELHI: Realty firm Puravankara Ltd on Friday reported a net loss of Rs 16.93 crore for the June 2020 quarter, owing to lower sales and construction activities due to the coronavirus pandemic.

It had posted a net profit of Rs 44 crore in the year-ago period.

Total income declined to Rs 190.53 crore in the first quarter of this fiscal, from Rs 645.55 crore in the corresponding period of the previous year, the Bengaluru-based firm said in a regulatory filing.

Source: Press Trust of India

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