Q3 Fy24 concall notes:
- GDV more than doubled from 13,650crs in FY22 to 30,000crs in FY24. It is expected to further go up to 60,000crs by next 3 yrs.
- Going to expand commerical portfolio (rental) at 2 key business locations BKC and ODC with potential capital value of 5000crs. 2 commercial projects at BKC already completed- BKC Icon and BKC 51 and one of which is already leased out.
- Pre sales 1,237 crs for 9 months and qtrly 455 crs. Cash inflow at 940crs for 9 months and qtrly 438crs in q3fy24. Cash surplus of 304 crs in 9 months.
- 1 tower of Kalyan Crescent Park launched at the end of the qtr, contributed 73 crs to q4 pre sales number. Can do 250-300crs pre sales each yr from Kalyan. (As per me, This might be reason for lower pre sales also as Kalyan project was launched at end of qtr).
- Yearly pre sales guidance of 2000crs, can do 750crs in the last qtr. Launch of Third tower in Mira road can help in meeting the target.
- Borivali project, Nepean sea road, South Mumbai - luxury home projects can add to GDV around 10Kcrs.
- GDV may go up by 10K crs from 30K crs by this yr itself.
- Management focussed on sales growth through volume than price. Will take price hike if needed.
Please let me know in case of any updates.
Subscribe To Our Free Newsletter |