The Quarter story
The two most recent quarterly results, compared side-by-side.
Profitability and cash collections surge in Q1 FY27, though rising debt leverage and inventory levels need monitoring.
EBITDA margin expands from 6.1% in Q4 FY26 to 21.3% in Q1 FY27, reflecting stronger project profitability.
Gross debt to equity ratio climbs from 0.11x in Q1 FY26 to 0.30x in Q1 FY27, increasing financial leverage.
Net collections grow from ₹3,560 in Q1 FY26 to ₹4,532 in Q1 FY27, ensuring steady cash inflows.
Net debt position shifts from a cash surplus of ₹4,104 in Q1 FY26 to a deficit of ₹728 in Q1 FY27, tightening the balance sheet.
Sold receivables rise from ₹35.69 in Q1 FY26 to ₹42.55 in Q1 FY27, indicating consistent buyer commitments.
Unsold inventory rises from ₹88.15 in Q1 FY26 to ₹104.80 in Q1 FY27, requiring faster sales execution.
Gross development value rebounds from ₹182.55 in Q4 FY26 to ₹367.79 in Q1 FY27, expanding the addressable sales pipeline.
Pre-sales value drops from ₹10.68 in Q1 FY26 to ₹6.17 in Q1 FY27, signaling a slowdown in new buyer interest.
Cash and equivalents stabilize at ₹8,032 in Q1 FY27 after peaking at ₹10,810 in Q2 FY26, maintaining liquidity buffers.
Area sold falls from 0.63 sq ft in Q1 FY26 to 0.32 sq ft in Q1 FY27, pointing to weaker unit delivery or sales pace.
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