FY27 Revenue Growth: ~20% YoY
Management expects approximately 20% growth in revenue recognition for FY27, driven by pent-up handover pipeline of 2,900+ units (₹1,560 crore revenue potential) in H2.
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FY27 PBT Margin: 8-9%
FY27 PBT margin expected in the range of 8-9% as legacy low-margin Kolkata projects continue to impact margins, with improvement expected in H2 as higher-margin projects reach completion.
FY28 Targets: Sales ₹5,000 Cr, Revenue ₹2,500 Cr, PBT 10%
Management reaffirms FY28 mission targets: ₹5,000 crore sales value, ₹2,500 crore revenue recognition, and 10% PBT margin, supported by ongoing project completions and new launches.
FY27 Launch Plan: 6M sq ft Across 4 Cities
Approximately 6 million sq ft of launches planned for FY27 across Bengaluru, Chennai, Pune, and Kolkata, with launches back-ended in Q3 and Q4. 5.9 million sq ft GDV expected from new supply.
FY27 Sales Value: ₹3,300-3,500 crore
Targeting 5-5.5 million sq ft of sales volume and ₹3,300-3,500 crore in sales value for FY27, with collections of ₹2,100-2,200 crore and unit handovers of 3,750-3,800.
Pipeline Addition: 7-8 million sq ft
Management targets adding 7-8 million sq ft to the project pipeline during FY27, representing GDB of ₹5,000-6,000 crore.
FY27 Project Completions: 3.8 million sq ft
Approximately 3.8 million sq ft of project completions expected in FY27, creating revenue recognition potential of ₹1,740 crore and handover of 3,500+ units.
Net PBT Margin: 10-11%
Management maintains that normalized net PBT margins should be 10-11% on future revenue recognition, with PAT margins of 8-9% achievable over a 3-year period.