Puravankara Projects  disclosed a  drop in standalone net profit for the quarter ended December 2013.  During the quarter, the profit of the company declined 64.46% to Rs 118.68 million from Rs 333.90 million  in the same quarter last year.

Net sales for the quarter  rose marginally 4.01% to Rs 2,204.62 million, compared with Rs 2,120 million for the prior year period.

Earnings per share for the quarter stood at Rs 0.50, registering 67.95% decline over previous year period.

Quarterly Results - Standalone (Rs in mn)
As at	Dec - 13	Dec - 12	%Change
Net Sales	2,204.62	2,119.67	4.01
Net Profit	118.68	333.90	(64.46)
Basic EPS	0.50	1.56	(67.95)

Shares of the company gained Rs 0.4, or 0.61%, to settle  at  Rs 66.05.  The total volume of shares traded  was  8,358 at  the BSE (Friday).