The company’s operating profit rose 19% YoY to Rs 79 crore, with an operating margin of 31%. Sales volume during the quarter stood at 63,244 sq. ft., generating a sales value of Rs 108 crore, while collections grew 42% to Rs 234 crore.
The developer also reported a 6% reduction in total debt to Rs 619 crore, bringing the debt-to-equity ratio down to 0.50x.
“The Q1 FY26 performance showcases our unwavering commitment to consistent and timely project deliveries, backed by the trust our customers place in us, even amid a dynamic market landscape,” said Dhaval Ajmera, Director, Corporate Affairs.
He also highlighted a 45-basis point drop in the weighted average cost of debt compared to FY25.
The company is planning to launch nine projects with a Gross Development Value (GDV) of Rs 6,460 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)