#IndiabullsRealEstate Q3FY22 Results
⭐️The Good
1⃣ Debt further reduced to ₹976cr
2⃣ Divestment of Subsidiary of ₹580cr
3⃣ Sold receivables of ₹2,159cr & total completed inventory of ₹983cr
👎The Bad
1⃣ New Sales were only of ₹184cr & Gross Collections of ₹292cr
1/5
⭐️The Good
1⃣ Debt further reduced to ₹976cr
2⃣ Divestment of Subsidiary of ₹580cr
3⃣ Sold receivables of ₹2,159cr & total completed inventory of ₹983cr
👎The Bad
1⃣ New Sales were only of ₹184cr & Gross Collections of ₹292cr
1/5
Now I do not know why there was a slowdown in New Sales, they haven't provided any information in the Earnings Presentation
If they are finding it hard to sell inventory then its an issue & a systematic risk
Having said that, these numbers do not mean much on their own
2/5
If they are finding it hard to sell inventory then its an issue & a systematic risk
Having said that, these numbers do not mean much on their own
2/5
Company is being valued on the numbers of Embassy without investors getting any insight into what Embassy's performance was like this Qtr
This should get resolved Q1FY23 onwards post merger with Embassy is completed
Hard to value #IBREAL on its own result in such scenario
3/5
This should get resolved Q1FY23 onwards post merger with Embassy is completed
Hard to value #IBREAL on its own result in such scenario
3/5
Finally, plz do not invest in a sector you do not understand how to value
So many of you tagged me asking if results are good
Why are you looking at Qtrly PnL of a RE company that is undergoing a merger?
You should look at metrics like Gross Collections, New Bookings etc
4/5
So many of you tagged me asking if results are good
Why are you looking at Qtrly PnL of a RE company that is undergoing a merger?
You should look at metrics like Gross Collections, New Bookings etc
4/5
Here are two videos by on how to value a Real Estate Company
5/5
5/5
One more good video on Real Estate Basics
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