As far as I understand , please correct if I am wrong.
They have three things,
Fresh sales (these are actual value of bookings)
Collections (Cashflow- based advances) ,
Recognised Revenue (RERA compliant- what % of built they deliver).
Ex: If a person books a 10Crore property (fresh sales) and pay 1 crore downpayment ( collections), revenue in this quarter ( zero).
Revenue Recognition: As per they deliver built as approved by RERA
The focus should be on Sales and cashflow, the recognised revenue is lagging and hence the entire Ebitda and statement doesnt give the right picture.
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