Date: 05 November 2026

Financial Results

Revenue from Operations:

  • Q2FY27: ₹8.2 billion, up 148% YoY from ₹3.3 billion in Q2FY26
  • H1FY27: ₹13.7 billion, up 14% YoY from ₹12.0 billion in H1FY26

Profit After Tax (PAT):

  • Q2FY27: ₹0.7 billion profit (significant turnaround from ₹0.5 billion loss in Q2FY26)
  • H1FY27: ₹0.5 billion profit (improved from ₹0.1 billion loss in H1FY26)

Margins:

  • Adjusted gross profit margin: Q2FY27: 36% (vs 35% in Q2FY26); H1FY27: 31% (vs 29% in H1FY26)
  • Adjusted EBITDA margin: Q2FY27: 18% (vs negative 7% in Q2FY26); H1FY27: 13% (vs 6% in H1FY26)

Operational Updates

Pre-Sales:

  • Q2FY27: ₹18.3 billion (vs ₹20.2 billion in Q2FY26 and ₹19.7 billion in Q1FY27)
  • H1FY27: ₹38.0 billion (vs ₹46.6 billion in H1FY26)
  • Number of units: Q2FY27: 454 (vs 560 in Q2FY26); H1FY27: 680 (vs 1,338 in H1FY26)
  • Area: Q2FY27: 0.88 million sq ft (vs 1.34 million sq ft in Q2FY26); H1FY27: 1.60 million sq ft (vs 2.96 million sq ft in H1FY26)

Sales Realization:

  • Average sales realization: ₹17,122 per sq ft in Q2FY27 (up 12.3% from ₹15,250 per sq ft in FY26)
  • Improvement driven by successful launch of premium residential project Tonino Lamborghini Residences on Southern Peripheral Road (SPR), Sector 71, Gurugram

Collections:

  • Q2FY27: ₹10.1 billion (up 9% YoY from ₹9.3 billion in Q2FY26 and up 51% QoQ from ₹6.7 billion in Q1FY27)
  • H1FY27: ₹16.8 billion (vs ₹18.6 billion in H1FY26)

Net Debt and Liquidity:

  • Net debt: ₹4.5 billion at H1FY27 end (vs ₹2.0 billion at FY26 end)
  • Cash and bank balances (including fixed deposits): ₹24.2 billion at H1FY27 end

Business Development:

  • Added 6.77 million square feet of development potential in Farrukhnagar, Gurugram, Haryana (entry into new micro-market)
  • Acquired 0.38 million square feet in Sector 37D, Dwarka Expressway (previously under collaboration arrangement)
  • Acquired 0.10 million square feet in Sector 71 on SPR corridor
  • Acquired 2.70 million square feet in Sohna

Additional Information

Note: All figures related to pre-sales, number of units, area, and collections are net of cancellations

Regulatory Reference: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015