The company is poised to become one of the biggest real estate projects in South India. PVP owns 70 acres of land in Perampur, Chennai. Undertakes and executes various projects across segments like real estate. Various investments have been made in the field of urban infrastructure development. The company is expecting a revenue of around Rs 1500 crore within seven years. A subsidiary PVP Cinemas also operates in the field of media and entertainment.
Meanwhile, PVP Ventures’ performance in the financial year 2024 was not favorable. The company’s sales fell by 99.7 percent to Rs 0.45 crore. The company’s operating profit fell 102 percent to Rs 2.81 crore compared to Rs 160 crore in 2023-23. The company’s net profit fell by 101 percent compared to the same quarter last year. 3.96 crore net profit. Earlier it was Rs 267.81 crore.
Meanwhile, the company has achieved 59 percent annual growth in sales over the last three years. During the same period, there was a 45 percent annual increase in the company’s net profit. The company gave 60 percent return last year and 271 percent return in last five years.
On Monday, the company’s shares rose 10 percent to touch the upper circuit limit of Rs 14.13. Also, the trading volume in the stock has increased by 1.83 times. This stock can now be kept on watchlist.
(Disclaimer: Investing in stocks has high risk of loss. This article is not an advice to invest in any stock)