Puravankara Projects announced, on Wednesday, that its consolidated net profit for the quarter ended 31 March 2008 is increased by 56 per cent to Rs 72.71 crore compared to Rs 46.48 crore in the corresponding quarter last year. During the same quarter total income increased to Rs 153.88 crores, up by 9 per cent from Rs 140.95 crore.

Purvankara’s consolidated net profit for the year ended 31 March 2008 was up by 86 per cent to Rs 240.05 crores compared to the Rs 129.10 crores last fiscal. Its revenues at Rs 565.81 crores for the year represent an increase of 36 per cent over the previous year.  The company also announced that area currently under development has increased to 18.78 million sq. ft. with projects spread across Bangalore, Chennai, Hyderabad, Cochin and Mysore.  There are 16 on-going residential projects and 3 commercial projects currently under development.