Transcript of Q1FY2026-27 Earning conference call held on 14th August, 2026

AI summary - Q1 FY27 collections at Rs. 713 Cr, +31% y-y; strong sales in MMR, Pune, Bengaluru - Birla Taranya achieved Rs. 1,000 Cr booking within 3 months of RERA approval - Redevelopment portfolio expanded to Rs. 4,300 Cr GDV with new Vashi project - Net debt nearly zero post Century Pulp & Paper divestment; financial headroom increased - Commercial development at Birla Niyaara to start FY27 end; 1.3 mn sqft with Rs. 800 Cr annual leasing potential - Business development pipeline over Rs. 60,000 Cr across Mumbai, NCR, Pune, Bengaluru - FY27 launch pipeline on track; Rs. 10,000-15,000 Cr BD target maintained - Margins for redevelopment projects expected at 25-30%; Tower-1 margins ~40% - Focus on disciplined BD within risk framework; patient approach to deal closures - Collections at 98% efficiency; terminations used to manage receivables and cash flow