Date: November 05, 2026

Financial Performance Summary Q2 FY27

Operating Metrics (YoY Comparison):

  • Bookings: ₹906 Cr (vs. ₹432 Cr in previous year) - 110% increase
  • Collections: ₹418 Cr (vs. ₹236 Cr in previous year) - 77% increase
  • Net Operating Cash Flows: ₹152 Cr (88% QoQ increase, 22% YoY increase)

Financial Results (YoY Comparison):

  • Revenue from operations: ₹157 Cr (vs. ₹141 Cr in previous year)
  • Adjusted EBITDA: ₹45 Cr (vs. ₹31 Cr in previous year)
  • Profit After Tax (PAT): ₹23 Cr (vs. ₹18 Cr in previous year)

Balance Sheet Metrics:

  • Net Debt (interest-bearing funds) to Equity ratio: 0.26x as on September 30, 2026 (improved from 0.29x as on June 30, 2026)

Project Launch Performance

Arvind Sylva, Sarjapur Road, Bengaluru (Launched August 2026):

  • Company's largest vertical project to date
  • Achieved sales bookings of ₹500 crore within 30 days of launch
  • Representing approximately 60% of total inventory

Arvind Iconia, Vastrapur, Ahmedabad (Launched end of Q2):

  • Achieved sales bookings of ₹81 crore
  • Representing approximately 21% of total inventory

H1 FY27 Performance Summary

  • Bookings: ₹1338 crore (120% YoY growth)
  • Collections: ₹754 crore (77% YoY growth)

Business Development Highlights

September 2026 - Joint Development Agreement:

  • Residential high-rise project in Sarjapur Road, Bengaluru
  • Estimated revenue potential: Approximately ₹470 crore
  • Saleable area: Approximately 3.60 lakh sq.ft.

FY27 Business Development Summary:

  • Total new business development top-line potential: Approximately ₹3,100 crore
  • Includes current quarter and last quarter's additions

Management Commentary

Mr. Priyansh Kapoor, Managing Director & CEO, commented:

  • Company achieved highest-ever quarterly and half yearly bookings and collections
  • Performance driven by successful launches, strong sustenance engine, and disciplined execution
  • Strong progress on business development with ₹3,100 crore gross development value added in H1
  • Remain positive about opportunities in focus geographies
  • Priority: Convert strong pipeline into launches and deliveries while maintaining capital prudence and governance standards
  • Committed to creating value for customers, employees, shareholders, and all stakeholders

Company Background

  • Real estate development arm of the Lalbhai Group
  • Established in 2008 with ~128+ years legacy
  • Headquarters: Ahmedabad
  • Portfolio: ~100.4 million square feet of real estate development across India
  • Geographic presence: Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune
  • Focus: Delivering real estate solutions that add value to customers' lives