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Puravankara posts net loss of Rs 17 crore in Q1 FY21

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

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.

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