Puravankara Projects, Bangalore-based real estate firm, backed by higher margin realisation has posted a 114% higher profit at Rs 60.20 crore for the second quarter of this fiscal (2007-08) as against Rs 28.19 crore in the corresponding period last year. Revenues was up 45% at Rs 141 crore in Q2 of 2007-08 as against Rs 97.34 crore realised in the same period last year. According to CFO Ravi Ramu, "this quarter saw better profit margin realisation and low land cost getting reflected in our P&L statement."
