Abhishek Kapoor, Group CEO, Puravankara Limited on ET NOW Swadesh

Summary

The video script features a conversation with Abhishek Kapoor, CEO of a company, discussing recent land acquisition and development projects in Bengaluru, valued around 900 crores. Kapoor shares details of the company's revenue, profits, and cash flow, emphasizing the importance of delivery and growth in land acquisition. The company aims to expand its national footprint, with a focus on markets like Mumbai, Pune, and NCR, and has plans to enter new geographies by the next financial year. The script also touches on the company's strategy for business development and land replacement, as well as its commitment to maintaining a stable market presence.

Takeaways

• 😀 The management of Purvaankara is joining with Abhishek Kapoor, who has impressive numbers, indicating a successful business partnership.
• 🏢 Abhishek Kapoor has recently acquired approximately 7 acres of land in Bengaluru, with an expected valuation close to 900 crores for development.
• 📈 The development project in Electronic City, Bengaluru, is expected to cover an area of over 700,000 square feet and aims to be operational within the next 12 months.
• 💼 The company's CEO, Abhishek Kapoor, expresses satisfaction with the acquisition in Bengaluru, highlighting the strategic location and potential for value addition.
• 📊 In terms of financial performance, the company reported a revenue of 676 crores in the current quarter, with profits maintained and a focus on delivery increments being emphasized.
• 💰 The company has collected approximately 965 crores in cash and bank balance, which is equivalent to the 762 crores invested in new land acquisitions in the last quarter.
• 📈 The land acquisition has added nearly four million square feet to the company's portfolio, significantly increasing the land bank and expected to add value to the organization.
• 🌐 The company aims to maintain the pace of business development, acquisition, and land replacement at the same speed as launches and sales, with a focus on a stable market like Gurgaon in Delhi.
• 🔑 The company's strategy includes focusing on business development and land acquisition, with an emphasis on delivering on promises and maintaining a strong presence in the South and West markets.
• 🏘️ The company has plans to enter new markets, including NCR, with a goal to establish a national footprint, currently missing the North in their portfolio.
• 📈 The company has successfully sold 7.36 million square feet in the previous year and is looking to replace this volume quickly, focusing on growth and land acquisition for future projects.

Q & A

Who is Abhishek Kapoor and what is his role in the company?

Abhishek Kapoor is the CEO of the company mentioned in the script. He is involved in the management and strategic decisions of the company.

What significant acquisition did the company make in Bengaluru?

The company acquired approximately 7 acres of land in Bengaluru, which is expected to have a valuation of around 900 crores.

What is the expected area of development from the Bengaluru acquisition?

The company expects to develop an area of more than 7 lakh square feet from the Bengaluru acquisition.

What is the revenue from the numbers in the current quarter?

The revenue from the numbers in the current quarter is 676 crores.

What is the company's focus in terms of land acquisition and development?

The company's focus is on business development, land acquisition, and land replacement at a pace that matches their launch and sales speed.

What was the total area sold by the company in the previous year?

In the previous year, the company sold approximately 7.36 million square feet.

What is the current cash and bank balance of the company?

The current cash and bank balance is 1044 crores.

What is the company's strategy for the South and West regions?

The company's strategy is to consolidate its market presence in the South and West regions, focusing on growth and land acquisition.

What are the company's plans for the National Capital Region (NCR)?

The company plans to enter NCR and aims to establish a presence there by the next financial year.

What is the company's approach to regulation?

The company acknowledges all regulations and hints at a strategy that involves land investment and development, although specifics are not detailed in the script.

What is the company's collection and the reason for the flat year-on-year sales?

The company's collection appears to be satisfactory, but the year-on-year sales seem flat, possibly due to the delay in launches and market conditions.