Q1 FY27 transcript: presales up 147%, AA- rating upgrade, FY27 guidance retained

Q1 FY27 presales jumped 147% YoY to INR432 crores, collections up 76% to INR336 crores. Revenue rose to INR318 crores, adjusted EBITDA to INR150 crores, PAT to INR97 crores. India Ratings upgraded long-term credit rating to AA- with stable outlook. FY27 guidance retained: bookings growth 35-40% (INR2,100-2,200 crores), BD of INR4,000-5,000 crores (already done INR2,600 crores), EBITDA margins on new sales 22-25%. Net debt to equity at 0.29x, comfortable up to 1:1. Long-term target: 25-30% CAGR over 4-5 years, eyeing national-level developer status.