Date: 6th August 2026

Financial Results (Standalone & Consolidated)

Revenue from Operations:

  • Q1 FY27: INR 5.5 billion
  • Q1 FY26: INR 8.7 billion (37% decrease YoY)
  • Q4 FY26: INR 11.1 billion (50% decrease QoQ)
  • FY26: INR 26.0 billion

Profit After Tax (PAT):

  • Q1 FY27: Loss of INR 0.2 billion
  • Q1 FY26: Profit of INR 0.3 billion
  • Q4 FY26: Profit of INR 11.5 billion
  • FY26: Profit of INR 10.9 billion

Margins:

  • Adjusted Gross Profit Margin: 24% in Q1 FY27 (27% in Q1 FY26, 28% in Q4 FY26, 30% in FY26)
  • Adjusted EBITDA Margin: 6% in Q1 FY27 (12% in Q1 FY26, 16% in Q4 FY26, 9% in FY26)

Key Operational Updates for Q1FY27

Pre-Sales Performance:

  • Q1 FY27: INR 19.7 billion (25% QoQ growth from INR 15.7 billion in Q4 FY26)
  • Q1 FY26: INR 26.4 billion (25% decrease YoY)
  • FY26: INR 82.5 billion
  • Number of units: 226 in Q1 FY27 (778 in Q1 FY26, 378 in Q4 FY26, 2,124 in FY26)
  • Area: 0.72 million sq. ft. in Q1 FY27 (1.62 million sq. ft. in Q1 FY26, 1.00 million sq. ft. in Q4 FY26, 5.42 million sq. ft. in FY26)

Sales Realization:

  • Average sales realization: INR 17,093 per sq. ft. in Q1 FY27
  • FY26: INR 15,250 per sq. ft.
  • Increase attributed to launch of premium residential project "Tonino Lamborghini Residences" located on Southern Peripheral Road (SPR), Sector 71, Gurugram

Collections:

  • Q1 FY27: INR 6.7 billion
  • Q1 FY26: INR 9.3 billion (28% decrease YoY)
  • Q4 FY26: INR 9.2 billion (27% decrease QoQ)
  • FY26: INR 40.1 billion

Debt and Liquidity Position:

  • Net debt: INR 3.9 billion at end of Q1 FY27 (INR 2.0 billion at end of FY26)
  • Cash & bank balances (including fixed deposits): INR 25.22 billion as of 30 June 2026

Notes and Disclaimers

1. All numbers are provisional and subject to audit

2. Figures related to pre-sales, number of units, area and collections are net of cancellations

3. The quarterly performance was primarily impacted by the timing of project-related revenue recognition

4. The Company states that underlying business fundamentals and execution momentum continue to remain strong

5. The Company emphasizes robust project pipeline and sustained construction progress for future revenue growth

Management Commentary

The Company states it remains "well-positioned for future revenue growth" with a "robust project pipeline and sustained construction progress." It notes that despite the quarterly performance impact from revenue recognition timing, the "Company's underlying business fundamentals and execution momentum continue to remain strong." The Company also highlights its "strong development pipeline" supporting operational excellence and efficient project execution.