Hi,
does anyone here understands how cash collection doesnt relate with Revenue in P&L statements of real estate companies?
For example, as stated cash collections here in the Q1 FY25 investor presentation, it stands at 11436 Crores:
So, my mind makes sense that Revenue for the period has to be more or equal to 11436 Crores as this is the money coming in. But strangely, revenue is as follows: 3036 Crores (taken from screener.in)
Revenue is like 1/3rd of cash collections. And even lesser to bookings. So what parameter actually adds up to the top line in a company like this?
If anyone understands the industry/accounting wizardry here, do enlighten please!
This would help in understanding what variable to exactly track. As right now, if we track cash collections, guidance seems to be 31% growth. But if that doesnt relate to same growth in topline/bottom line, then its wrong variable being tracked.
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