Kalpataru · tone and specificity signals across the available quarters.
Language signals
A majority of our revenue recognition for seven of our projects continue to be under the percentage completion method... revenue from 13 such projects will be recognized only upon receipt of the occupation certificate... the associated costs including marketing expenses, corporate overheads and other administrative expenses continue to be expensed out in the respective period
We would be ending the year with FY26... It could be higher by around 6 to 700 crores. It could be around 8,000 crores. The net debt.
Our approach is highly disciplined as we selectively pursue projects that align strictly with our internal return thresholds.
These are high margin projects and the revenue for these will be recognized in FY27... This provides us clear visibility of operating cash flows resulting into debt reduction and at the same time profit recognition leading to considerable improvement in debt equity ratio.
Our momentum peaked in the fourth quarter where we achieved our highest ever quarterly pre-sales of 1,833 crores.
The robust Q4 performance is directly linked to these newer projects reaching the handover stage and we expect this delivery-led revenue recognition to be a recurring phenomena in our financial narrative going forward.
We are not chasing volume for the sake of scale. Instead, we are selectively pursuing high potential projects like this one that align strictly with our internal return thresholds and brand positioning.