Quarterly Financial Performance

Revenue from Operations: ₹107.44 Cr in Q1 FY27 vs ₹292.72 Cr in Q1 FY26 (-63% YoY) and ₹322.82 Cr in Q4 FY26 (-67% QoQ). The decline is primarily attributable to handover of projects in Ashiana Anmol Phase 2 (Gurugram) and Ashiana Shubham Phase 4B (Chennai).

Profitability Metrics:

  • EBITDA: ₹7.54 Cr in Q1 FY27 vs ₹11.84 Cr in Q1 FY26 (-37% YoY)
  • EBITDA Margins: 7.02% in Q1 FY27 vs 4.05% in Q1 FY26
  • PAT: ₹13.11 Cr in Q1 FY27 vs ₹12.72 Cr in Q1 FY26 (+3% YoY) and ₹20.98 Cr in Q4 FY26 (-38% QoQ)
  • PAT Margins: 10.94% in Q1 FY27 vs 4.20% in Q1 FY26
  • Diluted EPS: ₹1.36 in Q1 FY27 vs ₹1.32 in Q1 FY26

Other Financial Items:

  • Depreciation: ₹3.28 Cr (consistent with previous quarters)
  • Finance Cost: ₹0.27 Cr (-42% YoY)
  • Other Income: ₹12.31 Cr (+24% YoY)
  • PBT Before Exceptional Items: ₹16.30 Cr (-10% YoY)
  • Taxes: ₹3.20 Cr (-40% YoY)
  • Total Comprehensive Income: ₹13.65 Cr (+3% YoY)

Operational Performance

Bookings Performance:

  • Value of area booked: ₹358 Cr (3.60 lakh sq. ft.) in Q1 FY27
  • Compared to: ₹1,290 Cr (11.18 lakh sq. ft.) in Q4 FY26 and ₹431 Cr (5.95 lakh sq. ft.) in Q1 FY26
  • Units booked: 234 units in Q1 FY27 vs 665 units in Q4 FY26 and 407 units in Q1 FY26
  • Higher booking in Q4 FY26 primarily driven by launch of Ashiana Aaroham Phase 1 & 2, Gurugram (value at launch: ₹833 Cr)

Project Handovers:

  • Handover commenced at Phase-1 of 'Ashiana Nitara' (Jaipur)
  • Early delivery: Nitara Phase 1 & Plaza had expected handover date for Q2 FY2027 but were delivered in Q1 FY2027

Strategic Developments

Land Acquisition:

  • Acquired 28.55 acres (approx.) on outright purchase basis at Vadgaon, Taluka Maval, District Pune, Maharashtra
  • Largest ever land deal by the company for development of a Senior Living project
  • Approximate saleable area: 20 lakhs sq. ft.
  • Sales value potential: ₹1,800 crores (approx.)

Project Portfolio Overview

Senior Living & Kid Centric Homes (Ongoing):

  • Total Value: ₹1,559.54 Cr across 20.53 lakh sq. ft. saleable area
  • Area Booked: 15.01 lakh sq. ft. with booking value of ₹1,128.86 Cr
  • Collection: ₹623.63 Cr
  • Balance Inventory: 5.50 lakh sq. ft.

Premium & Elite Homes (Ongoing):

  • Total Value: ₹2,253.88 Cr across 36.88 lakh sq. ft. saleable area
  • Area Booked: 31.54 lakh sq. ft. with booking value of ₹1,857.32 Cr
  • Collection: ₹1,224.14 Cr
  • Balance Inventory: 5.35 lakh sq. ft.

Grand Total Ongoing Projects:

  • Total Value: ₹7,681.77 Cr across 90.48 lakh sq. ft. saleable area
  • Area Booked: 75.33 lakh sq. ft. with booking value of ₹6,183.82 Cr
  • Collection: ₹3,262.00 Cr
  • Balance Inventory: 15.14 lakh sq. ft.

Future Projects Pipeline

Planned Developments:

  • Bhiwadi: Advik Phase 4 & 5 (5.77 lakh sq. ft., 100% Ownership)
  • Jaipur: OMA (10.90 lakh sq. ft., 73% Ownership)
  • Jaipur: One44 Plaza (0.04 lakh sq. ft., 77.40% Ownership)
  • Gurugram: Aaroham Phase 3 (3.88 lakh sq. ft., 100% Ownership)
  • Pune: Malhar Phase 5 (2.62 lakh sq. ft., 65% Revenue Share)
  • Pune: Amodh Phase 4 (2.01 lakh sq. ft., 80% Revenue Share)
  • Chennai: Vatsalya Phase 3,4 & 5 (7.97 lakh sq. ft., 100% Ownership)
  • Chennai: Swarang Phase 4 (1.28 lakh sq. ft., 50% of the Profits)
  • Neemrana: Aangan Phase 2 (4.37 lakh sq. ft., 100% Ownership)

Land Bank for Future Development

Available Land:

  • Chennai: Aaranya (22.71 acres, 18.90 lakh sq. ft., Senior Living)
  • Pune: Wavrale, Raigad (8.83 acres, 4.50 lakh sq. ft., Senior Living)
  • Pune: Tattvam, Panvel (7.00 acres, 7.00 lakh sq. ft., Senior Living)
  • Pune: Vadgaon, Maval (28.55 acres, 20.00 lakh sq. ft., Senior Living)
  • Total: 67.09 acres with 50.40 lakh sq. ft. potential saleable area

Pending Acquisition:

  • Milakpur Land: 40.63 Acres with potential 31 Lakh sq. ft. saleable area
  • Company's writ petition pending before Hon'ble High Court of Rajasthan against acquisition

Historical Financial Performance

FY24-FY26 Consolidated Income Statement:

  • Revenue from Operations: FY24 ₹943.80 Cr, FY25 ₹528.72 Cr, FY26 ₹1,143.01 Cr
  • EBITDA: FY24 ₹96.58 Cr (10.23%), FY25 ₹17.49 Cr (3.31%), FY26 ₹129.51 Cr (11.33%)
  • PAT: FY24 ₹83.40 Cr (8.63%), FY25 ₹18.24 Cr (3.27%), FY26 ₹117.89 Cr (9.93%)
  • Diluted EPS: FY24 ₹8.33, FY25 ₹1.88, FY26 ₹11.99

Capital Market Data

  • Market Cap: ₹3,990.84 Cr
  • Equity Shares Outstanding: 10.05 Cr
  • 1 Year Average Trading Volume: 110.69 ('000)