New Delhi, Feb. 15 -- Puravankara declared their Q3 results on 14 Feb, 2025, revealing a significant decline in financial performance. The company's topline decreased by 44.54%, resulting in a loss of Rs.92.41 crore, a stark contrast to the profit of Rs.77.92 crore reported in the same period of the previous fiscal year.

In comparison to the previous quarter, Puravankara's revenue has also declined by 35.79%. This downturn is concerning, especially in light of the rising Selling, General & Administrative expenses, which increased by 4.7% quarter-on-quarter and by 31.91% year-on-year.

The operating income for the quarter was particularly troubling, down by 89.92% quarter-on-quarter and a staggering 94.55% year-on-year. Consequently, the ...