TheCompany’scollectionsgrewby60%toINR21.3billionin H1FY25. Alongwith the spike in pre-sales, the company also s the growth in revenue of342% YoY to INR 11.5 billion for H1FY25, on of completion of more projects which have started reflecting in the P&L and is expected to further strengthen the financial statements.
Netdebtwas reduced to INR 10.1 billionat the end of H1FY25 in comparison toINR 11.6 billion attheendofFY24.
Belowaretheoperationalhighlightsforthesecond quarterended September 30,2024.
Commenting on the company’s performance, Mr Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said, “The real estate market in the Delhi NCR region, particularly in Gurugram, continues to exhibit solid fundamentals, ed by resilient end- demand, positive market sentiment, and significant infrastructure development. The strong response to our recent launches in Gurugram underscores the rising demand for quality homes within thoughtfully planned communities.
Looking ahead, we remain focused on enhancing operational efficiency, strengthening our financial foundation, and delivering sustained value for all stakeholders. With Gurugram’s expanding infrastructure and ongoing urbanization across the NCR, we see promising opportunities for established developers to meet evolving housing needs while maintaining a disciplined financial approach.”