Realtors May Post Mixed Q4 Results as Residential Demand Moderates

India's top listed real estate developers may report a mixed quarterly performance in terms of sales and revenues in the fourth quarter of 2024-25 (Q4FY25) because some of them missed their pre-sales guidance due to launch delays and moderate residential demand across major cities.

- PRACHI PISAL

"Pre-sales and price growth seen in the past three years have strong embedded profits. As such, accounting profits are likely to improve on a year-on-year (Y-o-Y) basis. But collections and operating cash flows are likely to remain tepid at 0-5 per cent due to slower sales velocity while fixed costs and business development commitments remain elevated," said Mahaveer Jain, director, India Ratings & Research.

The January-March period is typically considered a strong quarter for real estate. Until FY24, buyers were incentivized to accelerate home purchases in March to claim additional indexation benefit.