Key Operational Figures
Sales Performance:
- Sales Value for Q1FY27: ₹146 Crore, representing a 35% increase Year-on-Year (YoY) compared to Q1FY26 sales of ₹108 Crore.
- Sales Value decreased 46% Quarter-on-Quarter (QoQ) compared to Q4FY26 sales of ₹270 Crore.
- Sales Area (Carpet Area Sold) for Q1FY27: 43,737 sq. ft., representing a 31% decrease YoY compared to Q1FY26 area of 63,244 sq. ft.
- Sales Area decreased 58% QoQ compared to Q4FY26 area of 104,742 sq. ft.
Collections:
- Collections for Q1FY27: ₹173 Crore.
- Collections decreased 26% YoY compared to Q1FY26 collections of ₹234 Crore.
- Collections decreased 45% QoQ compared to Q4FY26 collections of ₹316 Crore.
Context and Management Commentary
Mr. Dhaval Ajmera, Director - Corporate Affairs, provided commentary on the results. He attributed the performance to a broader sector moderation impacted by global geopolitical tensions and cautious homebuyer sentiment. The quarter also coincided with a planned absence of new project launches. He noted that value appreciation was achieved despite lower sales volume due to strong realizations across the company's portfolio. The company expressed confidence in its long-term growth momentum, citing strong fundamentals, execution discipline, a robust portfolio across key micro-markets, and a deep launch pipeline that will be rolled out with deliberate calibration.