Real Estate (Q2FY24 Results Preview): Festive cheer awaited
Whatever is being launched is being sold, presales momentum remains strong: Real estate developers are reporting record presales in the seasonally...
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HSIE Results Daily: Cummins, Devyani International, Radico Khaitan
Cummins: Cummins India Ltd (CIL) recorded the highest-ever revenue of INR 22b (+31%/+15% YoY/QoQ, in line with our estimate)
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Real Estate: Presale momentum continues
After a strong Q4FY24, we expect a sequentially flattish presale growth in Q1FY24 (on a high Q4FY23 base, driven by sustenance sales)
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HSIE Results Daily: Radico Khaitan, Kolte Patil Developers
Radico Khaitan: Radico’s Q4FY23 print was weak, with EBITDAM at 9.5% (a 30-quarter low) and PAT falling by 20% despite sustained P&A outperformance
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Real Estate - Stable Performance
Going by the numbers for FY23 reported to date by top developers, we expect annual presales for most of them to surpass their previous highs
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