• Event Type: Q2 and H1 FY27 Post Results Earnings Conference Call to discuss business and financial results
  • Date and Time: Friday, 6th November, 2026 at 12:30 PM IST
  • Purpose: Discussion of quarterly results, strategic update, and operational performance
  • Management Participants: Mr. Kulin Lalbhai (Chairman), Mr. Priyansh Kapoor (Managing Director and CEO), Mr. Amit Chamaria (CFO), Mr. Satya Prakash Mishra (IR/Moderator)
  • Compliance: The company indicated that forward-looking statements must be reviewed in conjunction with the risks that the company possesses
  • Financial Period Discussed: Q2 & H1 FY27 (April-September 2026)

Financial Highlights Disclosed

  • H1 FY27 Bookings: INR1,338 crores, representing 120% YoY growth and covering 90% of full-year FY26 bookings
  • Q2 FY27 Bookings: INR906 crores, more than double compared to INR432 crores in Q2 FY26
  • Revenue Performance: H1 revenue of INR475 crores (96% YoY growth), Q2 revenue of INR157 crores
  • Profitability: H1 EBITDA increased 3.5x YoY to INR197 crores, PAT registered fourfold growth to INR120 crores; Q2 EBITDA grew 46% YoY to INR45 crores, PAT increased 25% to INR23 crores
  • Collections: H1 collections of INR754 crores (77% YoY growth), Q2 collections of INR418 crores
  • Cash Flow: Net operating cash flows of INR152 crores in Q2 and INR233 crores in H1
  • Balance Sheet: Net debt stood at INR200 crores as of September 30, 2026 (down from INR215 crores as of June 30)

Strategic and Operational Updates

  • Project Launches: Successfully launched 2 projects in Q2 - one each in Bengaluru and Ahmedabad
  • Arvind Sylva Performance: Bengaluru project recorded bookings exceeding INR500 crores within 30 days of launch, representing 60% of project inventory by value
  • Business Development: Added new residential high-rise project on Sarjapur Road, Bengaluru with INR470 crores potential; cumulative FY27 BD potential reached INR3,100 crores as of September 2026
  • Regional Structure: Established dedicated regional leadership across Ahmedabad, Bengaluru, and MMR markets
  • Portfolio Mix: 65% of Q2 bookings from new launches, 35% from sustenance sales; targeting 70-30 JD to outright project mix in medium term
  • Market Focus: Deepening presence in Ahmedabad, Bengaluru, and Mumbai markets; Bengaluru contributed 50% of H1 sales

Guidance and Outlook

  • Upgraded Bookings Guidance: Revised FY27 bookings guidance to INR2,600-2,700 crores (70-75% YoY growth) from previous INR2,100-2,200 crores
  • Business Development Guidance: Confident of achieving upper end of INR4,000-5,000 crores GDV addition guidance
  • Margin Guidance: Reiterated EBITDA margin guidance of 22-25%
  • Future Launches: Planning 4 projects in H2 with INR2,200-2,500 crores inventory value (2 in Mumbai, 2 in Bengaluru)
  • Long-term Growth: Targeting 30% YoY growth rate on sustained basis

Additional Notes

  • Attachment: Transcript of conference call with analysts/investors was included
  • No UPSI: The disclosure contained forward-looking statements with appropriate risk disclosures
  • Geopolitical Impact: Mentioned challenges from West Asia developments, crude oil volatility, currency fluctuations, and inflationary pressures affecting construction value chain
  • Strategic Focus: Shift toward vertical residential developments expected to constitute majority of portfolio mix over medium term