Q2 FY27 pre-sales rise 109%, net debt falls INR470 crore
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 1.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 pre-sales rose 109% to INR2,762 crore and H1 revenue rose 60% to INR1,928 crore. H1 profit after tax was INR107 crore against a loss of INR111 crore, while net debt fell INR470 crore to INR2,366 crore. FY27 sales guidance remains INR11,200 crore, with H1 at 37.5%. Management disclosed 14.5 million square feet of planned launches worth INR22,600 crore and expects about INR330 crore annual rent once commercial assets are leased.
Strong sales and lower debt support the outlook, but profit includes a one-off INR149 crore gain and new launches still depend on approvals.