• Quarterly results: Revenue rose 53%, operating profit more than doubled from ₹50 crore to ₹107 crore, margins increased from 29% to 40%, and profit grew 78%. Management attributed the results to its redevelopment model and strong response to its products.
• Coastal collection: The company said its 12-project Luxury Coastline Collection had received a very good response.
• Realisations and pipeline: Half-yearly revenue per square foot was approximately ₹70,000, which management described as among the highest in the country. It has 8 ongoing projects, plans to launch 4 in the second half, and expects to launch about 8 to 9 next year.
• Luxury demand: Management said demand for luxury, uber-luxury and ultra-luxury homes was very good across Bombay, while ordinary products were less sought after.
• Debt and costs: The company said it remains net debt-free and cash positive, with projects completed in around 2.5 to 3.5 years. It cited low marketing costs, about 60% of sales from references, minimal brokerage costs and no debt servicing.