• Q2 performance: Pre-sales reached ₹2,136 crore versus 1,322 crores in FY25 Q2, up 62%; sales volume rose 22% to 1.83 million square feet. Realization increased from ₹8,814 per square feet to 11,651 per square feet.
• FY27 guidance: Management maintained its ₹11,200 crore pre-sales target and 10.74 million square feet sales-volume guidance, despite reaching ₹3,600 crore at the half-year mark—about ₹1,000 crore below its internal estimate. It cited Bangalore approval delays and said more than six projects were nearing launch.
• Collections outlook: Collections rose 24% to ₹1,301 crore in the quarter; management retained its approximately ₹6,000 crore collection target, saying construction was on track and milestones were being met. It cited sales targets of ₹7,200 crore from South and ₹3,350 crore from West.
• Project pipeline: The Goregaon West deal covers 4.68 acres and around 1.05 million square feet; Greater Noida has a stated GDV of around ₹5,200 crore across 13.44 acres and 4.57 million square feet. A Sathanur, Bangalore deal has a stated GDV of ₹2,500 crore, with these projects expected to reach the market in nine months to 15 months, depending on approvals.