Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted its unaudited financial results (consolidated and standalone) for the quarter ended 30th June, 2026.

Financial Performance (Q1 FY27)

  • Revenue from operations stood at ₹5.5 billion, a decrease of 37% Year-over-Year (YoY) from ₹8.7 billion in Q1 FY26 and a 50% decrease Quarter-over-Quarter (QoQ) from ₹11.1 billion in Q4 FY26. For the full year FY26, revenue was ₹26 billion.
  • Consolidated Profit/(Loss) after Tax was a loss of ₹0.2 billion, compared to a profit of ₹0.3 billion in Q1 FY26 and ₹11.5 billion in Q4 FY26. The full year FY26 PAT was ₹10.9 billion.
  • Adjusted gross profit margin was 24%, compared to 27% in Q1 FY26, 28% in Q4 FY26, and 30% for FY26.
  • Adjusted EBITDA Margin was 6%, compared to 12% in Q1 FY26, 16% in Q4 FY26, and 9% for FY26.
  • Collections for the quarter stood at ₹6.7 billion.

Operational Highlights

  • Pre-sales grew 25% QoQ to ₹19.7 billion.
  • Average sales realization increased to ₹17,093 per sq. ft. in Q1 FY27 from ₹15,250 per sq. ft. in FY26.
  • The company launched the Tonino Lamborghini Residences on Southern Peripheral Road (SPR), Sector 71, Gurugram. This project, developed in collaboration with the Italian brand Tonino Lamborghini, marks the company's strategic entry into the branded residences segment and the brand's entry into the Indian market. The first phase received an overwhelming market response.

Balance Sheet Position (as of June 30, 2026)

  • Cash and Bank Balances (including fixed deposits) stood at ₹25.22 billion.
  • Net Debt stood at ₹3.9 billion.

Management Commentary

Mr. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, commented that revenue recognition was influenced by project timelines but underlying business fundamentals remain strong. He cited healthy demand, an improved product mix, and higher sales realisations as drivers for pre-sales performance. The strong response to the Tonino Lamborghini launch validates the company's premiumisation strategy. The Gurugram real estate market is expected to remain on a strong growth trajectory supported by infrastructure development and sustained demand. The company remains focused on timely execution, prudent capital allocation, and expanding its presence in high-growth micro-markets.

Corporate Overview & Business Metrics

  • The company has successfully delivered 19.2 million sq. ft. of real estate as of Q1FY27.
  • Its project pipeline comprises:
  • 23.2 million sq. ft. of recently launched projects
  • 17.8 million sq. ft. of forthcoming developments
  • 9.2 million sq. ft. of ongoing construction (5.8 million sq. ft. under construction and 3.4 million sq. ft. with OC received)
  • This pipeline is slated for execution over the next 2-3 years.
  • The company holds a 13% market share in the National Capital Region (NCR) and a 20% share in Gurugram within the price range of INR 20 million to INR 50 million.