**Financial Highlights:** Q1 FY26 saw total revenues climb 24% YoY to Rs. 261.5 Cr, with net profit up 18% to Rs. 20.6 Cr.

Gross profit surged 70% YoY to Rs. 81.6 Cr (34% margin); EBITDA margin was 18%. Collections hit a Q1 record of Rs. 338 Cr.

Sales volume reached 0.82 msf, with sales value at Rs. 441 Cr.

The balance sheet remains healthy with a 0.28x net debt-to-equity. **Strategic Initiatives & Growth Drivers:** Successful entry into Pune's market with 'Code Name: Superstar' marks a key growth avenue.

Strong launch momentum continues with Bangalore and upcoming Kolkata projects.

Accelerated construction ensures timely deliveries.

FY26 targets are ambitious: sales volume 3.5-4.0 msf, sales value Rs. 4500-5000 Cr, and collections Rs. 3000-3300 Cr. **Business Developments:** A new Rs. 200 Cr GDV project added in Bangalore.

The BD pipeline is robust, with 6 projects (~3 msf potential) nearing closure and 20+ msf under evaluation to double the pipeline.

One project received OC in Q1. **Market Position & Competitive Advantage:** Robust end-user demand in core markets (Bangalore, Chennai) and mid-segments drives performance.

New market entry reinforces brand strength, backed by recent industry awards. **Investor Implications:** Strong Q1 results, an aggressive launch pipeline, and a healthy balance sheet signal positive growth potential.

Focus on accelerated project delivery and pipeline expansion aligns well with favorable mid-market trends for a strong outlook.