Another bad set from Kolte, felt management was very elusive in most of their answers. Maintain their guidances, concall notes below.
FY25Q1
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Expects delivery of 1800-1900 cr . with early teen EBITDA margins in FY25
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Launched 0.6mn sq.ft inventory worth 400 cr. at Life Republic. After Q1, have launched 1.4mn sq.ft in Pune, taking YTD launches to 1500 cr. (further launches of 6500 cr. in FY25)
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Life Republic quarterly revenue run rate declined from 370 cr. in FY24 to 300 cr. in Q1. Mostly sustenance inventory driven
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Spent 145 cr. on land and approval
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Presales scaleup is expected to happen from Q3
Disclosure: Invested (no transactions in last-30 days)
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