26-Oct-2026 20:11:00
RUNWAL ENTERPRISES Q1 CONCALL : TARGETS 20% ANNUAL PRE-SALES GROWTH, HOLDS 88.4 MILLION SQ. FT. DEVELOPMENT PORTFOLIO & EXPECTS ₹50–60 CR ANNUAL INTEREST SAVINGS
• MANAGEMENT TARGETS APPROXIMATELY 20% ANNUAL PRE-SALES GROWTH OVER THE NEXT 2–3 YEARS, SUPPORTED BY EXISTING PROJECTS & UPCOMING LAUNCHES • COMPANY HAS APPROXIMATELY 88.4 MILLION SQ. FT. DEVELOPMENT PORTFOLIO, INCLUDING 20 MILLION SQ. FT. ONGOING & 56 MILLION SQ. FT. UPCOMING DEVELOPMENTS • MANAGEMENT EXPECTS BLENDED PROJECT-LEVEL EBITDA MARGINS ABOVE 25%, WITH ASPIRATIONS OF APPROXIMATELY 28% EBITDA MARGIN & 15% PAT MARGIN • COMPANY PLANS TO INCREASE CONTRIBUTION FROM MID-INCOME & LUXURY HOUSING, SUPPORTING HIGHER SALES REALIZATIONS & IMPROVED PRODUCT MIX • MANAGEMENT EXPECTS NEW PROJECT LAUNCHES OVER THE NEXT 12–15 MONTHS, INCLUDING BANDRA, MARINE DRIVE & ADDITIONAL DOMBIVLI PHASES, SUBJECT TO APPROVALS • REPORTED Q1 FY27 PRE-SALES REACHED ₹483.5 CR, UP APPROXIMATELY 5% YOY, WHILE COLLECTIONS INCREASED 15.2% TO ₹575.4 CR • Q1 FY27 AVERAGE SELLING PRICE REACHED APPROXIMATELY ₹14,200 PER SQ. FT., SUPPORTED BY A HIGHER CONTRIBUTION FROM PREMIUM HOUSING • Q1 FY27 REVENUE STOOD AT APPROXIMATELY ₹340 CR VS ₹446.2 CR YOY, WHILE NET PROFIT REACHED APPROXIMATELY ₹49.7 CR • COMPANY HAS APPROXIMATELY ₹3,600 CR OF REMAINING COLLECTIONS FROM SOLD INVENTORY, PROVIDING FUTURE CASH FLOW VISIBILITY SUBJECT TO PROJECT MILESTONES • IPO PROCEEDS OF APPROXIMATELY ₹325 CR UTILIZED FOR DEBT REPAYMENT, REDUCING DEBT-TO-EQUITY RATIO FROM APPROXIMATELY 3.1X TO 1.5X • POST-IPO EXTERNAL DEBT STOOD AT APPROXIMATELY ₹1,900 CR, WHILE TOTAL DEBT INCLUDING RELATED-PARTY BORROWINGS REMAINED AROUND ₹2,200 CR • MANAGEMENT EXPECTS ANNUAL INTEREST COST SAVINGS OF APPROXIMATELY ₹50–60 CR FOLLOWING DEBT REDUCTION, WITH BENEFITS EXPECTED IN SUBSEQUENT QUARTERS • COMPANY IS EVALUATING MONETIZATION OF APPROXIMATELY 18 ACRES OF DOMBIVLI LAND, WITH INTEREST FROM 10–12 POTENTIAL PARTIES INCLUDING DATA CENTER OPERATORS • MANAGEMENT EXPECTS ANNUAL RENTAL INCOME POTENTIAL ABOVE ₹100 CR FROM THE GARDEN CITY MALL AFTER STABILIZATION, WHILE COMMERCIAL DEVELOPMENTS ARE TARGETED FOR COMPLETION IN APPROXIMATELY 2.5 YEARS • MANAGEMENT REMAINS FOCUSED ON ASSET-LIGHT DEVELOPMENT & FURTHER DELEVERAGING; REGULATORY APPROVAL DELAYS, ELEVATED DEBT, PROJECT EXECUTION & REVENUE RECOGNITION VOLATILITY REMAIN KEY RISKS
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