Operational update: record Q2 FY27 sales Rs. 1,019 crore; six new Mumbai projects, GDV Rs. 6,000 crore
Q2 FY27 sales hit a record Rs. 1,019 crore, up 52% YoY; H1 FY27 sales Rs. 1,636 crore, up 27%.
By ScoutQuest · · 2 min read
- Q2 FY27 Sales
- Rs. 1,019 crore, up 52% YoY
- H1 FY27 Sales
- Rs. 1,636 crore, up 27%
- Mumbai Projects GDV
- Six Mumbai redevelopment projects added, estimated GDV Rs. 6,000 crore
This is an operational update, so it covers sales (bookings) and collections rather than profit. It tells you how much property the company sold and how much cash it collected in the period, not its earnings.
The headline numbers
- Q2 FY27 sales value: Rs. 1,019 crore, described as the highest-ever quarterly sales, up 52% year-on-year.
- H1 FY27 sales value: Rs. 1,636 crore, the highest-ever half-yearly figure, up 27% year-on-year.
- Collections in Q2 FY27: Rs. 795 crore.
- Collections in H1 FY27: Rs. 1,509 crore.
What drove the quarter
- The company launched a project called 'Vyana at The Reserve' in Vadgaon, Pune, which generated sales of Rs. 616 crore. The company calls this its strongest launch performance in its history.
- The company attributes the response to its product offering and its established presence in Pune.
Mumbai expansion
- Six redevelopment projects were added across Mumbai's Western and Central suburbs and Navi Mumbai, with an estimated combined gross development value of Rs. 6,000 crore.
- The update describes this as the company's largest annual business development addition in Mumbai to date.
- Gross development value is the estimated total sales value of these projects once they are developed. It is not cash received now, and the projects will be built over time.
What management said
- CEO Hrishikesh Parandekar said demand has softened in the near term across the broader market, particularly in Pune, even as the company reports continued business momentum.
- He pointed to long-term fundamentals such as urbanisation, rising aspirations and a preference for quality housing, and said the sector is seeing consolidation that benefits established developers.
- He also said the company has strengthened its management team and organisational capabilities over the past year.
What a retail investor can take from this
- Sales value and collections are demand indicators for the September 2026 quarter. Revenue in the financial results is recognised later, as construction and handover progress.
- The numbers are company-reported operational figures for the period, alongside details of new project additions in Mumbai.
- The company's own commentary notes near-term demand softness in the broader market, particularly Pune, alongside its record numbers for the quarter.
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23 Oct 2026
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More numbers
- Q2 FY27 sales valueRs. 1,019 crore
- Q2 FY27 sales growth YoY52%
- H1 FY27 sales valueRs. 1,636 crore
- H1 FY27 sales growth YoY27%
- Q2 FY27 collectionsRs. 795 crore
- H1 FY27 collectionsRs. 1,509 crore
- Sales from 'Vyana at The Reserve' launchRs. 616 crore
- Estimated GDV of six new Mumbai projectsRs. 6,000 crore
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