Q2 FY27: 25% retail consumption growth; FY28 rental target 14-15%

Multi-year targets disclosedInvestor Communications View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹2076.00

prior close

₹2118.00

announcement price

After-mkt

timing

Nifty Midcap 150market+1.9%+0.2% vs market

Residential Commercial Projects peers, median of 66sector+2.1%+0.0% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and in line with its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.5

15m

-1.4

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+1.9+0.2+2.1+0.0

Next day

+3.8pendingpending+1.6+2.2

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15d

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UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 66Pending

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AI summary

Q2 FY27 consolidated revenue was INR 1,153 crore, operating profit INR 710 crore at a 62% margin, and profit after tax INR 326 crore. Retail consumption rose 25% to INR 4,685 crore and rental income 15% to INR 605 crore. Management expects FY27 retail rental growth above 15% and guides to 14-15% for FY28. Office occupancy reached 79%, while net debt was INR 3,479 crore, or 1.2 times operating profit. New openings are planned from 2027.

Likely market impact

Strong demand and double-digit rental growth support earnings, while openings add future growth. Development spending and debt remain watchpoints.