Please find enclosed Earnings Call Transcript.

AI summary - Q2 FY27 bookings at INR8,008 Cr from 3,658 units; H1 bookings INR16,669 Cr, +7% y-y - Sustenance sales grew 83% y-y in Q2 to INR5,054 Cr; launches to pick up strongly in H2 - Collections up 31% in Q2 to INR5,318 Cr; operating cash flow +300% q-q to INR1,584 Cr - Q2 total income +38% to INR2,575 Cr; EBITDA down 72% to INR171 Cr; net profit down 62% to INR154 Cr - FY28 guidance: positive free cash flow and 20% reported ROE expected - Launch pipeline of INR32,000 Cr for H2; 80% RERA approvals secured for Q3 launches - Pricing stable with selective increases; focus on quality sales and product-market fit - Geographic focus on Mumbai, NCR, Bangalore, Pune, Hyderabad; opportunistic BD in other markets - Sustenance vs launch sales mix historically ~40:60; H2 expected launch outperformance - Management confident of 10-20% presales growth for FY28 despite macro challenges