Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2FY27 revenue grew 28.7% y-y to INR106.34 Cr; EBITDA rose 77% to INR22.78 Cr; PAT up 92% to INR15.99 Cr - H1FY27 revenue increased 45% y-y to INR180.66 Cr; EBITDA up 96% to INR37.09 Cr; PAT grew 123% to INR25.71 Cr - EBITDA margin improved by 550 bps to 20.9% in Q2; PAT margin rose 470 bps to 14.7% - Pre-sales value up 37.6% y-y; area booked increased 19.6%; gross collections rose 88.2% - Luxe series projects with higher margins contributed to margin expansion; margins expected to remain stable - Land bank of ~6.4 acres mainly in Kochi and Kozhikode; 12 ongoing and 3 upcoming projects - INR500 Cr unrecognized revenue visibility till FY31; strong pre-sales momentum continues - Debt-equity low at 0.15 post-IPO; INR180 Cr unencumbered cash available - Sales momentum supported by strong NRI demand and digital marketing generating 10,000 leads/month - Project launches planned in Q3FY27; new land acquisitions targeted with 6-9 months launch timeline - Working capital disciplined with milestone-based collections and RERA compliance