INDIABULLSREALESTATE / guidance tracker

Keep management guidance in view.

Indiabullsrealestate · forward-looking guidance across the available source record.

Research layer active

Guidance tracker

What management said would happen.

FY26 pre-sales target of ₹5,000 crore

Management remains confident of achieving ₹5,000 crore pre-sales for FY26, with ₹2,000 crore achieved in 9M and strong Q4 pipeline including Embassy Citadel and Sky Terraces.

revenue

Four new launches in Q4 FY26 with total GDV exceeding ₹19,000 crore

Planned launches include Embassy Citadel (Worli), Embassy Verde Phase 2, Embassy Sky Terraces, and Embassy Serenity (Alibaug), with RERA approvals secured for 90% of projects.

growth

Cost of debt to reduce from 14% to ~10% over next year

Current average cost of debt is 14%, but new construction finance is being raised at sub-9%. Management expects to progressively lower overall cost.

other

PAT to remain negative for next 6 quarters, but cash flow positive

Management guided that P&L losses will persist for 4-6 quarters due to legacy project revenue recognition, but cash flows from new projects will be positive.

margins